Trend Following System is a technical trading strategy for traders it helps to generate good profit. Trend Following System developed for MT4 users is a rating system. Experienced traders follow the market biggest trends and this strategy is all about catching these trends in marketplace within a time frame.
Trend Following System (TFS)
IT use Combination of 4 indicators for Trading. it uses three moving averages to predict trends yet they are best trend predicting indicators. The trend following system was developed in a way that is exact to in winning trade as long as within the power and out of a losing trade as done before the usual as within the power
Types Trend Following System:
1. Lazy Trade Forex Trading Strategy V 3.0
2. Quantum Gomega Trading System Uni Trend Noise Balance
3. Triple Threat Forex Trading Strategy
4. Swinger Trading System
Characteristics of Trend Following System MT4:
- Platform: Meta Trader 4
- Currency: use currency pairs (BTC/USD)
- Timeframe: Daily H1, H2, H4 etc
- Type: it is use rating system e.g. (9.4/10)
How it works?
Trend Following System (TFS) buying option:
- Market trend should be above all the moving average.
- Trend Following System Bitcoin indicator should rise to the positive region
- Place your buy position when all of the above conditions are met.
- Set your stop below the recent support level.
- Take your profit when green moving average a mark below other moving average under a candle.
Trend Following System (TFS) selling option:
- Market trend should cross below all the moving average.
- Trend Following System Bitcoin indicator should move down to the negative region.
- Place your sell position when all of the above conditions are met.
- Set your stop below the recent resistance level.
- Take your profit when red moving average crosses above other moving average above the candles.
Trend Following System Bitcoin:
TFS Bitcoin is an expeditiousness indicator which will tell you the momentum of the bitcoin in market. Above all when this indicator is in positive state, it shows a buy signal and when in negative works inversely.
Merits of Trend Following System (TFS):
- Trend Following System keeps you in the shape on major moves and gives you a large amount of profit.
- It is a system that let you know when to enter a trade and when to exit in the market
- It uses the best combination of indicators to predict market moves.
- It helps to catch trends for longer period of time.
- It doesn’t take too much time.
- It helps to prevent downside risk.
Demerits of Trend Following System (TFS)
- TFS system does not identify tops or bottoms.
- Most of trends ends as loss as market fluctuates.
- Try not to miss any trade as market is all about trends.
- It is hard to be on trend for longer period.
- You have to exit the trade for instance as you have made a little profit.
- Trend following system is a trade with longer period so increases the psychological stress on traders.
- As trend following is risky so, you have to prepare yourself for losing most of the time.