
Trend Dominator Free Forex Strategy Download
Indicator in this Free Forex Strategy Explained
This Free Forex Strategy is composed of multiple indicators, each serving a unique purpose:
Trend STR Dominator & Trend Filter Dominator: Positioned on the main chart, these indicators are instrumental in signaling trend shifts. The Trend Filter Dominator doubles as a support and resistance marker, guiding traders as candle prices interact with the trend line.
Trend Strength Finder Dominator: This is your go-to indicator for action-taking. It gauges the vitality of the trend, ensuring your moves align with market momentum.
Flat Trend Dominator & Trend MA Cross Dominator: These indicators are critical for entry confirmation. Not only do they validate your trading moves, but they also serve as primary signals for exiting trades.
This Free Forex Strategy is entirely manual. The indicators produce the signals, but any decisions to enter the market and set protection or profitable exit stops will depend on the trader. Therefore, the trader must be familiar with the principles of risk and reward and use initial support and resistance areas to set entries and exits.
Forex Trend Dominator Indicator can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, practicing trading on an MT4 demo account can be beneficial until you become consistent and confident enough to go live.
Trading rules for Forex Trend Dominator System
Remember to tighten your Stop Losses around High Impact News Releases or avoid trading at least 15 minutes before and after these events when using this Forex Trend Dominator System.
As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility, beyond major sessions, exotic currency pairs, wider spread, etc.
Buy
Trend Strength Finder Dominator turns Blue.
The Flat Trend Dominator draws a Blue bar.
Trend MA Cross Dominator draws a Blue bar.
Trend STR Dominator main chart line transitions to Blue.
Trend Filter Dominator main chart line turns Green.
Sell
Trend Strength Finder Dominator turns Red.
The Flat Trend Dominator draws a Red bar.
Trend MA Cross Dominator draws a Red bar.
Trend STR Dominator main chart line switches to Red.
Trend Filter Dominator main chart line becomes Maroon.
Exit Strategy
Exiting at the right moment is crucial, and this Free Forex Strategy provides clear guidelines for this:
Terminate trades when both the Trend STR Dominator and Flat TrendDominator align by drawing Red bars for buy positions and Blue bars for sell positions.
A trailing stop is recommended, though its specifics hinge on the time frame.
Place the stop loss at the preceding swing high or low to safeguard your trades.
Conclusion
With Its carefully crafted indicators and straightforward trading rules, Forex Trend Dominator empowers traders, whether novice or seasoned, to identify trends, make informed decisions, and secure their positions. As with any trading strategy, success hinges on understanding, discipline, and consistent application of the system’s principles. With these elements in place, This Free Forex Strategy can be a valuable asset in any trader’s arsena