Trend Dominator System is a Free Forex Strategy that blends simplicity and power. This trend-following system equips traders to harness daily market opportunities. At its core, the Forex Trend Dominator excels in deciphering market strengths and weaknesses, an attribute pivotal for informed decision-making.
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.
You can set Forex Trend Dominator System to send you a signal alert via Mobile Notification, platform pop-ups, and Email. This is helpful as it means you do not need to stare at the charts all day, waiting for signals to appear, and you can monitor multiple charts simultaneously.
This Free Forex Strategy can be used on any currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minute to the 1-month charts.
Trading rules for 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.
- 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.
- 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.
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.
- Read More Rise and Fall DBot FREE Download
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 arsenal.