RIDING THE TREND TRADING STRATEGY

"Following the master trend is the wisest strategy either when you are a Day-Trader or a Swing-Trader"


TRADING STRATEGY

Style: Swing Trade Strategy

Name: Riding the Trend Trading Strategy

FINANCIAL ASSETS

Forex Majors | Metals and Energy | Stocks | Indices



TIMEFRAME

■ H1 timeframe (1-Hour)



INDICATORS & SETUP

This strategy is applied using a simple model of determining the trend and Stochastic.

■ Determining the Trend

In order to determine the trend we use the simplest definition of trend formation.

Rising Trend:

A Trend is rising when a local High is higher than the previous High and at the same time the recent Low is Higher than the previous Low.

Falling Trend:

A Trend is falling when a Local Low is lower than the previous Low and at the same time the recent High was lower than the previous High.

■ Stochastic

We set the Stochastic at:

%K period = 12, %D period = 3, Slowing = 3

Note that the standard settings are (14,3,3)



TRADING SIGNALS

This is how you may implement the Riding-the-Trend Strategy

■ (↑) Long Trades

1. Identify a new Uptrend using the simple definition mentioned before.

“The New High is Higher than the Previous High and the Recent Low is Higher than the Previous Low”

2. Confirm that Stochastic is recovering from the oversold levels of 20 and enter a Long Trade.

■ (↓) Short Trades

1. Identify a new Downtrend using the simple definition mentioned before.

“The New Low is lower than the Previous Low and the Recent High is Lower than the Previous High”

2. Confirm that Stochastic is falling from the overbought levels of 80 and enter a Short Trade.



TRADING ORDERS

Take Profit: 100 pips | ■ Stop-Loss: 40-50 pips | ■ Profit/Loss Ratio: 2


CHART: Riding the Trend Strategy

Following the master trend is the wisest strategy either when you are a Day-Trader or a Swing-Trader


 

 

FIND ALSO: ► EA BUILDER TESTER | ► GET STARTED WITH FOREX | ► TRADE SYSTEMS

STRATEGIES: ► DAY-TRADE | ► SWING-TRADE | ► SCALPING STRATEGY | ► BINARY STRATEGIES

FOREX RATINGS: ► DIRECTORY | ► TRADE SPREADS | ► FOREX SCALPING | ► SWAP RATES | ► FUNDS SAFETY

 

Riding the Trend Trading Strategy

ForexExperts.net ©

Pin It

Enter the Compare Zone

Compare Forex Brokers Based on the Algorithms of the Forex RatingFormula 5.0..

Compare Forex

Consisting four (4) Rating Factors {Safety, Competition, Options, Technology) -Maximum score is 100%

Review Brokers

Compare Forex Brokers

Review ECN/STP Online Forex Brokers..

Cryptocurrency Tutorial

Learn how to trade cryptocurrencies like a pro...

Trade Systems

A trading system is a set of specific processes and rules that can help traders to optimize their trading process, or to develop automated trading strategies (EAs):

» EA Builder for MT4, MT5, and TradeStation

» Compare EA Systems

» Market Sentiment

» Forex PAMM Accounts

Strategy Quant for Automated Strategies

Forex Ratings

Forex Broker Ratings Powered by the Revolutionary RatingFormula 5.0Forex Broker Ratings Powered by the Revolutionary RatingFormula 5.0 (?)

» IC Markets Rating

» FxOpen Rating

» FXTM Rating

» AXI Rating

» FBS Rating

(+) All Forex Ratings

The RatingFormula series is a concept of George M. Protonotarios aiming to objectify the online corporate ratings. In the future, search engines and other applications will use similar rating algorithms to estimate the real value of online corporations for end users and list them respectively in their search results.

Forex Cash Bonuses

Forex Cash Bonuses


□ 100% LQDFX BONUS  (UP TO $20,000, WITHDRAWABLE)

The 100% LQDFX cash Bonus applies to all deposits above $250, in all account types, and it is instantly credited.

BONUS DETAILS:

-1-. The maximum cumulative amount that can be earned is 20,000 USD/EUR per trading account.
-2-. The 100% Bonus Value is calculated as USD 5 per round-turn lot traded. (100,000 units round turn) traded on FX & Gold products
-3- Positions open for less than three minutes are not eligible to qualify for the volume requirement.
-4- The 100% Bonus can be withdrawn
-5- The minimum deposit amount to qualify for the 100% bonus is $250 per deposit

□ START HERE:

100% LQDFX WELCOME BONUS


□ $50 FBS NO-DEPOSIT (FREE) BONUS

BONUS DETAILS:

-1- Trade and multiply your profit with a maximum leverage of 1:500
-2- Profit received on the bonus funds is withdrawable after 2 lots are traded, and profit reaches $25 or more
-3- Maximum profit made with the Bonus account is $500

□ START HERE:

$50 FBS (FREE) NO-DEPOSIT BONUS

Go to top