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.
