Andrew Forex Trading System - MT4/MT5 Resources

Description of my trading system "Andrew Forex"

Currency Pairs: Any but better cross pairs that can provide good trends.
Time range: Any, but usually 4 hours
Indicator: Supertrend, non-lag points (value: 20)

Entry rules

Buy: Nonlagdot's dot changes from red to blue. At the same time, the non-lag point should be above the super trendline. The supertrend line should also be green. A position should be opened by executing a pending order. The order is placed at the upper limit of the market extreme, which is formed after the market's first downward rebound (when the closing price is lower than the previous price). In other words, you should wait until the price exceeds the extreme point before buying. However, if the price fails to move beyond the extreme point levels, you should wait. After the market's new extreme point is formed, orders should be transferred to that point. If the color of a non-lag point or super trend changes to red, the order should be canceled.

For Sale: A dot on Nonlagdot changes from blue to red. At the same time, the non-lag point should be below the super trendline. The super trend line should also be red. A position should be opened by executing a pending order. The order is placed at the lower point of the market extreme, which is formed after the market's first upward bounce (when the closing price is higher than the previous price). In other words, you should wait until the price exceeds the extreme point before selling. However, if the price fails to move beyond the extreme point levels, you should wait. After the market's new extreme point is formed, orders should be transferred to that point. If the color of a non-lag point or super trend changes to blue, the order should be canceled.

It is not recommended to enter the market without placing a pending order.
Entry orders are placed based on the spread amount and an additional 3 pips.

Exit rules

When I exit:
1. Price hits a supertrendline, or
2. The super trendline changes color, or
2. Price hits the first Fibonacci fan line . The Fibonacci fan lines are constructed from the extreme point at the beginning of the market movement up (or down) to the opposite extreme point of the current market, that is, from the bottom of the movement to the top (when buying) and from the top of the movement to the bottom (when selling). It is important not to be confused: Fibonacci fans are not constructed from market entry points, but from the starting points of directional movements or trends (up or down). The Fibonacci fan closest to the price serves as the exit level. And the exit command should be moved to this line.

Stop loss is set:
1. On a supertrend line, or
2. Lower than near price fluctuations, or
3. Below (above) the market's most recent extreme, i.e. in the opposite direction, above the supertrend line.

Set a stop loss order based on the spread amount and an additional 3 pips.

The following m currency management recommendations: either no more than 10% of the capital per trade, or use a progressive system (such as Fibonacci or semi-martingale). Martingale is not recommended as it is too risky in case of insufficient funds after several consecutive losing trades.

It is only recommended to add profitable positions after regular changes in the Nonlagdot color in the direction of the current trend.