Black Panther Forex Strategy is a Trend Following Profitable Forex Strategy that gives easy-to-use buy/sell signals. This system is based on 4 different indicators. It comes with ON-SCREEN dashboards that show you ATR, Daily High/Low, and other various helpful information.
It’s a trend-following trading system with a robust filter whose purpose is to have an average profitability of between 56 and 70%, even with outputs of positions at predetermined price levels. The system is straightforward. It is based on two indicators only on the chart. One defines the market trend and also plays the role of a filter, and the other defines market entry timing.
A few words about the trend arrows filter indicator: I point out that it is a good indicator that can also be used in other trading systems(trend, breakout, and trend-momentum, also with the pattern of price).
This Trend Following Strategy is entirely manual. The indicators produce the signals, but any decisions to enter the market and to set protection stops 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.
Black Panther 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, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
Follow money management & Don’t enter to trade within the high-impact news period. Exit from your trades before half & an hour from the high-impact forex news.
There are two pattern indicators; Pattern recognition and Candlestick alert. The Pattern Recognition Master indicator is more stable, so you have to select the best patterns, which can be chosen from those proposed by the other Candlestick indicator or from a personal choice.
You can set this Profitable Forex Strategy to send you a signal alert. 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.
Trend Following Forex Strategy can be used on any Forex 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 through to the 1-month charts. Work best on M15 or higher TimeFrames.
Trading rules for this Profitable Forex Strategy
Follow money management & Don’t enter to trade within the high-impact news period. Exit from your trades half & an hour from the high-impact forex news.
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 conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
This Trend following strategy works well with trending currencies. Recommend using this trend arrows indicator in a higher timeframe to identify the trend.
- White Trend arrows below the chart.
- BuySellwait white arrow.
- Blue Trend arrows above the chart.
- BuySellwait Blue arrow.
Profit Target on the lines of levels, profit ratio stop/loss 1:1 to 1:11.5.
Any positions with this system can be liquidated using a fixed profit target. Alternatively, the profit target should be set using previous support or resistance as a reference point. You can draw a line from the previous support/resistance to run horizontally to set your Take Profit a few pips below that level. You may also exit the trade manually if the conditions of the system reverse (the opposite Arrow appears).
It is recommended to use a stop loss. Set SL below the entry price using previous support/resistance as a reference point Or on the previous high/low swing. Using fixed stop loss settings without any reference points is not advocated.