Trend Trade for EUR/JPY - MT4/MT5 Resources

This is a trend trading system with a slightly contrarian view. In fact, I use moving averages to find potential peaks in trending markets. I say a bear market when all but one of the moving averages indicate a bull market. In fact, you will always find a peak when all but one of the moving averages are rising. I then zero out the section labeled Bull and wait for the price action to indicate Bear. enjoy.

Instrumentation :
EUR/JPY

Time range:
4H My preferences

rule :
Downtrend :
1. Wait for the following colors to be arranged in short order from top to bottom.
White - MTF Weekly SMA
Yellow - 5 SMA
Aqua - 10 SMA
Blue - 50 SMA
Green - 200 SMA

2. Next look for a close below heiken ashi's previous low and go short.

3. Place your stop loss near the recent high.

4. Goal, at least twice your risk

Uptrend :
1. Wait for the following colors to be arranged in short order from top to bottom.
green blue aqua yellow white

2. Next look for a close above heiken ashi's previous high and go long.

3. Place your stop loss near the recent low.

4. Goal, at least twice your risk

Below is an example of a downtrend short.