STRATEGY NAME – Follow the Trend (Foltron)
CHARTING PLATFORM – File pack is for MT4 only, but strategy can be used on any charting platform
FOR USE ON – Forex
FILE PACK TO DOWNLOAD – CLICK HERE
EXPERT ADVISOR FOR THIS STRATEGY? – Yes!
INDICATORS –
- Exponential Moving Averages (200, 26, 12)
- Slick Trade Follow The Trend
- Candle Moving Average
- Slick Trade Pivots
RULES –
- Open any timeframe chart in MT4
- Right click the chart > Template > Slick Trade Follow The Trend
- You can have Alerts and/or Email Notifications of a setup when a trade sets up by turning the alerts to True
- Once a trade is signaled, look at the 200 Moving Average
- Is price above or below the Moving Average and is there an overall trend direction?
- If a BUY/LONG signal is issued, make sure price is above the 200 Moving Average and/or that the overall trend is showing up
- If a SHORT/SELL signal is issued, make sure price is below the 200 Moving Average and/or that the overall trend is showing down
- Set your SL to the previous swing high/low
- Set TP to 25 pips, then trail stop to gain maximum pip potential
FOLTRON VIDEO SERIES – ACCESS HERE
VIDEO – password is slicktrade
VIDEO – To load on TOS ThinkorSwim – password is slicktrade
This strategy is based on the cross of the 26 and 12 moving averages. Mine is set to EMAs but you are more than welcome to play around with the settings and find what works best for you. By entering trades that are following the current trend, you are lowering risk and maximizing your potential profit. This setup can be used on any time frame, however the H1, H4 and D1 are my favorite timeframes.
SCREENSHOTS –
The Foltron with added Supply and Demand plus Osci Flip
VIDEO – password is slicktrade
The Foltron Modified v2 – CLICK HERE for full post
VIDEO ON MODIFIED V2 OF FOLTRON – password is slicktrade