Trend Hunter | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
Hi everyone, I'm starting this new thread for the following reasons:
1. Share my current system that is working so well for me and give something back like all the good people on this forum have done for me.
2. Someone please write an EA for it because I'm tired of sleeping at night haha, attached is a pdf with the rules, I hope you guys like it and squeeze some points out of it, I'll be waiting for comments, any questions just post or PM me
PD I can easily earn 40-100 points per day.
OK, since a lot of people are having problems opening PDFs, I've posted the rules:
Chart settings:
Set up the candles the way you like, I mean, I use candle holders in your favorite color, or use strips, whatever you prefer.
Set an exponential moving average with period 70 applied to closings, okay this EMA70 is your current trend, you can use any time frame you like, it works on all time frames but I like 5M and 15M because I don't like managing large retracements, take long trades only when price is above EMA70 and short trades only when price is below EMA70, okay now add 2 more moving averages:
1. Exponential Moving Average, period 20, applied to the highs, color it purple (or whatever color you like)
2. Exponential Moving Average, period 20, applied to the lows, color it yellow (or whatever color you like)
These two moving averages are what I call the entry range.
If this happens, enter long:
1. If the price is below the 70 EMA and starts to rise, enter a long trade on the first candle with a closing price above the EMA70 (of course, this candle should be above the two EMA20s), place your stop loss at the 70 EMA level (if you want to take a smaller risk), or place your stop loss at the yellow EMA20 level (if you want to tolerate a larger retracement)
2. If the price is above all EMAS, then wait for it to retrace and enter the 20 EMA range (in between), once the first candle closes above the 20 EMA range, go for a long trade, set your stop loss at the 70 EMA level and trail the stop as the price moves in your favor, I usually take 15 to 50 pips (sometimes more) depending on the market volatility or when the price retracees to the purple EMA 20. If this happens, you wait for price to break through purple again and go long again.
The same rules apply to short trades, I always have a pivot point indicator and draw Fibonacci lines on the last swing on the 4H chart and always look for support and resistance levels, I use 5M and 15M for entry, always try to look at the larger timeframe to understand what is happening in the big picture, happy point
1. Share my current system that is working so well for me and give something back like all the good people on this forum have done for me.
2. Someone please write an EA for it because I'm tired of sleeping at night haha, attached is a pdf with the rules, I hope you guys like it and squeeze some points out of it, I'll be waiting for comments, any questions just post or PM me
PD I can easily earn 40-100 points per day.
OK, since a lot of people are having problems opening PDFs, I've posted the rules:
Chart settings:
Set up the candles the way you like, I mean, I use candle holders in your favorite color, or use strips, whatever you prefer.
Set an exponential moving average with period 70 applied to closings, okay this EMA70 is your current trend, you can use any time frame you like, it works on all time frames but I like 5M and 15M because I don't like managing large retracements, take long trades only when price is above EMA70 and short trades only when price is below EMA70, okay now add 2 more moving averages:
1. Exponential Moving Average, period 20, applied to the highs, color it purple (or whatever color you like)
2. Exponential Moving Average, period 20, applied to the lows, color it yellow (or whatever color you like)
These two moving averages are what I call the entry range.
If this happens, enter long:
1. If the price is below the 70 EMA and starts to rise, enter a long trade on the first candle with a closing price above the EMA70 (of course, this candle should be above the two EMA20s), place your stop loss at the 70 EMA level (if you want to take a smaller risk), or place your stop loss at the yellow EMA20 level (if you want to tolerate a larger retracement)
2. If the price is above all EMAS, then wait for it to retrace and enter the 20 EMA range (in between), once the first candle closes above the 20 EMA range, go for a long trade, set your stop loss at the 70 EMA level and trail the stop as the price moves in your favor, I usually take 15 to 50 pips (sometimes more) depending on the market volatility or when the price retracees to the purple EMA 20. If this happens, you wait for price to break through purple again and go long again.
The same rules apply to short trades, I always have a pivot point indicator and draw Fibonacci lines on the last swing on the 4H chart and always look for support and resistance levels, I use 5M and 15M for entry, always try to look at the larger timeframe to understand what is happening in the big picture, happy point
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