Super Trend Lines Forex Strategy

There are a number of reasons why you should deploy the Super Trend Lines Forex strategy, one of the reasons is its high win rate.

However, considering the numerous forex trading strategies available within the market, choosing the most profitable and trusted one may become daunting, especially for newbies.

This strategy takes into account some unique rules, principles and ideas during its development, hence the diversity it offers to a wide range of traders.

Works for scalping, day trading and swing trading.

The following examples will give you some clarity into our unique trading rules.

Chart Setup

MetaTrader4 Indicators: automatic-trendlines.ex4 (Inputs Variable Modified; nPeriod=100, Limit=2147483647), voltychannel-indicator.ex4 (Inputs Variable Modified; ATR_Length=14), ZigZagSignal.ex4 (Default Setting)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Download

Download the Super Trend Lines Forex Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Enter a bullish trade if the following indicator or chart pattern gets put on display:

1. If price trades around the lower magenta filled trendline of the automatic-trendlines Metatrader 4 forex indicator (see Fig. 1.0), price is said to be driven to the upside, and as such a buy trigger will suffice.
2. If the blue upward pointing arrow of the ZigZagSignal indicator pops up below the candlesticks when price stays around the lower magenta filled trendline area (refer to Fig. 1.0), it is a signal to go long on the currency pair of focus.
3. If the blue signal dot line of the voltychannel-indicator gets aligned below the price bars as shown on Fig. 1.0, it is indicative of a bullish trend.

Stop Loss for Buy Entry: Place stop loss below immediate support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit from all trades if the following rules or conditions takes precedence:

1. If price opens and closes above the red trendline of the automatic-trendlines indicator, bulls power is said to be weaning i.e. a trigger to exit or take profit at once.
2. If the red downward pointing arrow of the ZigZagSignal indicator pops up above the candlesticks as indicated on Fig. 1.0, an exit or take profit stance is advised.
3. If the red signal dot line of the voltychannel-indicator pops up above the price bars while a bullish trend is ongoing, price is said to be making a reversal, therefore an exit or take profit will do.

Sell Entry Rules

Go short if the following setups gets displayed successfully on the activity chart:

1. If price trades around the upper red filled trendline of the automatic-trendlines Metatrader 4 forex indicator (check Fig. 1.1), a sell signal is said to be forthcoming.
2. If the red downward pointing arrow of the ZigZagSignal indicator pops up above the price bars when price hovers around the upper red filled trendline area (see Fig. 1.1), it is a signal to go short on the currency pair of interest.
3. If the red signal dot line of the voltychannel-indicator gets aligned above the candles as exemplified on Fig. 1.1, it is indicative of a bearish alert.

Stop Loss for Sell Entry: Place stop loss above immediate resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes center stage:

1. If price opens and closes below the magenta trendline of the automatic-trendlines indicator, bears power is said to be halting i.e. a trigger to exit or take profit immediately.
2. If the blue upward pointing arrow of the ZigZagSignal indicator pops up below the price bars as illustrated on Fig. 1.1, an exit or take profit stance is recommended.
3. If the blue signal dot line of the voltychannel-indicator pops up below the candlesticks during a bearish trend, price is said to be walking into a probable reversal, therefore an exit or take profit will suffice.

Sell Trade Example

Fig. 1.1

Free Download

Download the Super Trend Lines Forex Strategy

About The Trading Indicators

The automatic-trendlines.ex4 indicator is a technical tool that draws trend lines on the activity chart.

The voltychannel-indicator.ex4 is a Forex indicator built on the ATR and the Moving Average indicator, thereby giving it ample flexibility to gauge support/resistance levels.

The ZigZagSignal.ex4 custom indicator is designed to track and link extreme points on the activity chart, offering traders one of the easiest ways to spot likely reversals.