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Forex Trend Power Strategy Guide

The Trend Power Strategy is a forex scalping system that uses five indicators to identify trends and appropriate entry and exit points. The indicators show the current market trend, previous highs and lows, pivot points, trend strength, and visual signals. Traders look for buy signals when the price nears the lower yellow channel line and sell signals when it nears the upper yellow line. Stop losses are placed at the next channel line to limit losses if the trend reverses. The strategy aims to enter trades in the direction of the prevailing trend.

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855 views2 pages

Forex Trend Power Strategy Guide

The Trend Power Strategy is a forex scalping system that uses five indicators to identify trends and appropriate entry and exit points. The indicators show the current market trend, previous highs and lows, pivot points, trend strength, and visual signals. Traders look for buy signals when the price nears the lower yellow channel line and sell signals when it nears the upper yellow line. Stop losses are placed at the next channel line to limit losses if the trend reverses. The strategy aims to enter trades in the direction of the prevailing trend.

Uploaded by

Raja Raj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
  • Trend Power Strategy
  • How to Trade Using the Trend Power Strategy

Trend Power Strategy

June 3, 2015

The Trend Power Strategy is a trading system that is designed for use by forex scalpers. It is based on a combination
of forex trading indicators which include:

 Channel-signal.ex4

This is actually the center of gravity channel signal. It shows the current market trend and at the same time indicates
the previous highs ad lows by it channel lines. It has got four channel lines. The outermost channel lines are grey in
color and are rarely touched by the market prices. The second outer most lines are orange in color and are the ones
that are used when placing orders if touched or crossed.

 FerruFx_Multi_info THV (2).ex4

This indicator is responsible for showing the previous day highs and lows of the market. It also shows at what price
the market closed yesterday.

 Fibonacci Pivots THV.ex4

This are pivot points and they are displayed as dotted lines. The resistance levels are green in color while the support
levels are red in color.

 trendpowercurve.mql4

This displays the dominant trend in the market. It displays the percentage of the current trend in the forex market
prices of the currency pair that you are trading.

 trendpowervisual.ex4

Fig.1. The template of the Trend Power Strategy.


The template of Trend Power Strategy is titled the Trend Power.tpl. The template comes with all the indicators
attached to it. However, you have to make sure that you copy the indicators into the indicators folder of the MT4 for
the indicators to be displayed when the template is loaded.

How to trade using the Trend Power Strategy

When trading the main things to consider is the strength of the trend, the channel signals and the trendpowervisual
indicator.

When to place a buy order:

A buy order is placed when the sky blue arrow appears. Mainly this will occur when the market prices nears or
crosses the lower yellow channel line. Once you place you trade it is always important to place a stop loss at the next
lower channel line. That is if you open a buy order near the lower yellow line then your stop loss should be at the
Grey channel line. When doing so ensure that you place the stop loss at the point of intersection of a line drawn
vertically though the candle at which you opened your trade and the grey channel line.

Fig.2. Placing and closing order using the Trend Power Strategy.

When to place a sell order:

A sell order is placed when the red arrow appears. Mainly this will occur when the market prices nears or crosses the
higher yellow channel line. Once you place you trade it is always important to place a stop loss at the next lower
channel line. That is if you open a sell order near the upper yellow line then your stop loss should be at the Grey
channel line. When doing so ensure that you place the stop loss at the point of intersection of a line drawn vertically
though the candle at which you opened your trade and the grey channel line.

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