Braydensgrail Forex Trend Following Strategy

August 19, 2016

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Braydensgrail Forex Trend Following Strategy

This system works on a 4 hour timeframe. It also uses various indicators and most especially the MA to filter and know trend direction.

Forex Indicators:

EMA 50, 100, 200
William Percentage Range = default
RSI = default
Accelerator Oscillator = default
Stochastic = default

For Long Entry:

WPR must cross over the RSI
Accelerator and stochastic must cross above zero at the same time.

For Short Entry:

WPR must cross below the RSI.
Stochastic and Accelerator must cross below zero.

Note: The red lines are were the indicators/indicator crossed and trades were taken. If you notice the Williams/RSI sometimes crosses first or the Stochastic/AC crosses first (you could use this as an early entry if you want to) these indicators are powerful enough to be used independently. I will sometimes enter the market early if I feel price action is going to cooperate, however I am more confident about a trade when all the indicators are reflecting one another. Other key factors the can influence my trading but not always are trend direction and fundamental reports such as news.

Money Management:

Do not risk 1% of total equity on any trade.
Stop loss must be -73 pips depending on the pair and market condition.

When a trade hits one pip profit, it is advisable to put a 15 or 25 point trailing stop on it (however if the market is acting volatile I will increase my trailing stop) and let it run until stopped out, but you can use which ever size trailing stop you want or your broker offers. Since everyone has a different account size. It is advisable to use a money management program that is best for your account.