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Forex Mutant V.2

Forex Mutant V.2 is a trend following trading system based on trend indicators. The main indicator that determines the trend is the trend ba...

Forex Mutant V.2 is a trend following trading system based on trend indicators. The main indicator that determines the trend is the trend bars and the trades will always follow its direction.
This is the classic system for which the saying "the trend is youe friend" applies.
Characteristics of the system.
Trend following.
Time frame 30 min and 60 min.
Currency pairs: majors and minors.
Platform Metatrader 4.
Metatrader 4 indicators:
Market Data
Market hours
Signals
Max trend signal (period 7).
Trend Bars (period 1)
Target.
Trading rules Forex Mutant V.2
Trades only following the main trend of the trend bars indicator below the chart.
Long entry
First entry
Main indicator trend bars up arrow (below main chart), blue bar
second entrance
Green dot on main chart and blue bar (below main chart)
Short Entry
First entry
Main indicator trend bars down arrow (below main chart), green bar
second entrance
Green dot on main chart and blue bar (below main chart)
Exit position
initial stop loss at the previous high / low
profit target at the levels of pivot point (target indicator). or close position at opposite signal.
In the pictures below examples of Forex Mutant V.2




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