Trend Pipper Forex Trading System

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Trend Pipper Forex Trading System

The trend pipper is a forex trading system that is based on the THV and nonlag indicators with other confirmation indicators. The suitable timeframe for this system is 5 minutes. This works on AUDUSD, GBPUSD, and EURUSD pairs. Trade only during London and New York session.

MT4 Indicators:

  • 20EMA;
  • Three NonLagMA indicators in separate window, set to 15, 30 and 50;
  • THV4 TZ Pivots;
  • THV4 Info panel.

Trading Rules:

  • All nonlags must be in the same color. (Red Short, Green Long)
  • It is risky to enter on the signal, the price has often moved away from 20 EMA and we get stopped out on on the retrace.

ENTRY

  1. Wait for price to return to EMA and close in direction of trade below EMA for Short and above EMA for Long
  2. Check NonLag’s still right color for the direction of the trade.
    If they are not this is indication price trend may not be following through on the signal. Sometimes just waiting for 1 or 2 candles we get confirmation.
  3. Try not to enter if price too close to a Pivot point

EXITS

PIVOT POINT – If candles are strongly going towards the pivot point, or if all NonLag stay right color consistently, consider holding to see if the price goes to next pivot point especially if its a mid pivot point.

SIGNAL OTHER WAY (3 NonLags opposite color to trade)
Consider exiting also if 2 of the 3 NonLag’s are the wrong color.
Using this exit usually gets us out of a bad trade for either a couple of pips, break even or a few pips loss.
Rarely should we watch it go to SL as there will usually have been an indication by the NonLag’s that price was reversing? It is better to get out with a few pips loss and perhaps re-enter later.

STOP LOSS

Approx 10 – 15 pips, use your own judgment some pairs may need 15 others may need only 10. If we get the entry right, price often moves quickly in our direction so stop loss, not an issue. But if you try to trade in low volatility or ranging times you may find stops being tested more often.

If we wait for the EMA retrace to enter, stops are hardly ever looked at, exits will then tend to be for a few pips or break even at worst if the trade doesn’t follow through.

TAKE PROFIT

2 or 3 pips from the pivot you are trading towards.
If price misses by 5 pips or more it usually comes back for another go.
Alternate methods, take 50% at the pivot, move to break even and let rest ride to next pivot.

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