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Trend Explosion Forex Trading System
Our continuous enhancements and strategy testing has lead to what we can only call the Trend Explosion Forex Trading System.
It is a 100% trend following system that buys pullbacks in uptrends and sells rallies in downtrends.
Buy Rules
If 720 min FX Multimap is green, preferably dark green then trend is up and we buy all pullbacks to yellow balance point line, lower keltner channel or hourly statistical low. We also watch 4320 min (3 day) Multimap. If this is also green you know the uptrend is very strong and you can expect to take bigger profits.
Sell Rules
If 720 min FX Multimap is red, preferably dark red then trend is down and we sell all rallies to yellow balance point line, upper keltner channel or hourly statistical high. We also watch 4320 min (3 day) Multimap. If this is also red you know the downtrend is very strong and you can expect to take bigger profits.
Depending on how strong/weak 60 min FX Multimap is determines if we take small scalp like profits or larger ones. If you buy and the market goes up but 60 Multimap is significantly less strong than on previous swing then you exit with 5 or 6 to 10 pip gain. If FX Multimap is 15 to 20+ then you can look for 10 to 20+ pip gains and use chandelier trailing stop to maximize profits. It's psychologically easier to take half the trade off at 10 pips and trail your stop on the rest.
Look at the 720 min (half day) and 4320 min (3 day) trends for added confirmation and to adjust the size of your profit targets.
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