Super Trend Forex Trading Strategy
<p>Trend following traders often dream of catching that next big trend. Trends that could run for several days, even up to more than a month. Trades that could produce yields that are several times more than the risk on the trade. However, most traders haven’t been lucky enough in their quest for such trades. Often, they would get stopped out or take trades that does not result to long trends.</p>
<p>There are several factors that cause traders to miss out on these big trends. True enough, these long trends do not come too often. Even the luckiest or most skilled traders don’t get to take such trades every day or every week. However, they always put themselves in a position wherein they have a good chance to catch such trending moves. They often do this by making use of long-term trend entries and trading on trend reversals.</p>
<p>The Super Trend Forex Trading Strategy is a trend following strategy that produces trend signals on trend reversals. This allows traders to enter a trade right at the start of a fresh trend. It also makes use of indicators that are suitable for mid-term to long-term trend projections, allowing it to produce trades that are of high probability.</p>
<h2><strong>Super Trend Indicator</strong></h2>
<p>The Super Trend indicator is a momentum indicator which aids technical traders in identifying trend direction. This indicator is based on the median of price and the ATR. The indicator basically computes for the median by getting the average of the highs and lows. Then, it adds a multiple of the ATR coming from the median. The Super Trend indicator shows a trend reversal signal whenever price closes beyond these.</p>
<p>The Super Trend indicator prints a line representing the point which is drawn based on the multiple of an ATR. This line shifts above and below price action based on the trend direction. Bullish trending markets have the Super Trend indicator line printed below price action and is colored lime. On the other hand, bearish trends have the Super Trend indicator line printed above price action and is colored red.</p>
<h2><strong>MMR Indicator</strong></h2>
<p>The MMR Indicator is a custom indicator based on the combination of a Moving Average (MA) crossover, the Moving Averagea Convergence and Divergence (MACD) and the Relative Strength Index (RSI). This convergence of signals produced by a variety of reliable indicators produce trade signals that are very accurate compared to other indicators.</p>
<p>The MMR indicator is an oscillating indicator which creates histograms in order to indicate trend direction. It draws green histograms whenever it detects a bullish trend and red histograms whenever it detects a bearish trend.</p>
<h2><strong>Trading Strategy</strong></h2>
<p>The Super Trend Forex Trading Strategy produces trade signals based on the confluence of the Super Trend Indicator and the MMR Indicator. These indicators are complementary. A strong trending market condition typically follows whenever these indicators produce trend signals that are somewhat aligned. This is because it takes a strong momentum candle in order to change the direction of these two indicators.</p>
<p><strong><em>Indicators:</em></strong></p>
<ul>
<li><em>MMR</em></li>
<li><em>SuperTrend</em></li>
</ul>
<p><em><strong>Timeframe:</strong> preferably 4-hour charts (swing trading)</em></p>
<p><em><strong>Currency Pairs:</strong> preferably major and minor pairs</em></p>
<p><em><strong>Trading Session:</strong> Tokyo, London and New York</em></p>
<h3><strong>Buy Trade Setup</strong></h3>
<p><strong><em>Entry</em></strong></p>
<ul>
<li>The MMR line should cross above zero indicating a possible bullish trend</li>
<li>The MMR indicator should produce a positive histogram colored green indicating a bullish trend reversal</li>
<li>The Super Trend indicator should be shifted below price action and should be colored lime indicating a bullish trend reversal</li>
<li>These bullish trade signals should be somewhat aligned</li>
<li>Enter a buy order on the confluence of the above conditions</li>
</ul>
<p><strong><em>Stop Loss</em></strong></p>
<ul>
<li>Set the stop loss on the support level below the entry candle</li>
</ul>
<p><strong><em>Exit</em></strong></p>
<ul>
<li>Close the trade when the Super Trend indicator line is shifted above price action and is colored red</li>
<li>Close the trade when the MMR line crosses below zero</li>
</ul>
<p><img class="alignnone size-full wp-image-65425" src="https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-1.png" alt="Super Trend Forex Trading Strategy 1" width="977" height="479" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-1.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-1-300×147.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-1-768×377.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-1-324×160.png 324w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<p><img class="alignnone size-full wp-image-65424" src="https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-2.png" alt="Super Trend Forex Trading Strategy 2" width="977" height="479" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-2.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-2-300×147.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-2-768×377.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-2-324×160.png 324w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<h3><strong>Sell Trade Setup</strong></h3>
<p><strong><em>Entry</em></strong></p>
<ul>
<li>The MMR line should cross below zero indicating a possible bearish trend</li>
<li>The MMR indicator should produce a negative histogram colored red indicating a bearish trend reversal</li>
<li>The Super Trend indicator should be shifted above price action and should be colored red indicating a bearish trend reversal</li>
<li>These bearish trade signals should be somewhat aligned</li>
<li>Enter a sell order on the confluence of the above conditions</li>
</ul>
<p><strong><em>Stop Loss</em></strong></p>
<ul>
<li>Set the stop loss on the resistance level above the entry candle</li>
</ul>
<p><strong><em>Exit</em></strong></p>
<ul>
<li>Close the trade when the Super Trend indicator line is shifted below price action and is colored lime</li>
<li>Close the trade when the MMR line crosses above zero</li>
</ul>
<p><img class="alignnone size-full wp-image-65423" src="https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-3.png" alt="Super Trend Forex Trading Strategy 3" width="977" height="479" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-3.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-3-300×147.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-3-768×377.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-3-324×160.png 324w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<p><img class="alignnone size-full wp-image-65422" src="https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-4.png" alt="Super Trend Forex Trading Strategy 4" width="977" height="479" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-4.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-4-300×147.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-4-768×377.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2020/12/Super-Trend-Forex-Trading-Strategy-4-324×160.png 324w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<h2><strong>Conclusion</strong></h2>
<p>This trading strategy is a trend following strategy that trades on trend reversals. However, instead of making use moving average crossovers, it produces trade entries based on the confluence of two accurate indicators.</p>
<p>These entries are indicative of momentum shifts. As such it works best when combined with other technical analysis methods such as breakouts of supports and resistances.</p>
<p>It is also best to use a sound trade management technique which should include moving the stop loss to breakeven when possible and trailing the stop loss to protect profits. This is typically done whenever a new fractal is formed as the stop losses trailed on the fractals in order to protect profits.</p>
<p><h3><span><strong><br />
Forex Trading Strategies Installation Instructions</strong></span></h3>
<p>Super Trend Forex Trading Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.</p>
<p>The essence of this forex strategy is to transform the accumulated history data and trading signals.</p>
<p>Super Trend Forex Trading Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.</p>
<p>Based on this information, traders can assume further price movement and adjust this strategy accordingly.</p>
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<h3><strong>How to install Super Trend Forex Trading Strategy?</strong></h3>
<ul>
<li>Download Super Trend Forex Trading Strategy.zip</li>
<li>*Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /</li>
<li>Copy tpl file (Template) to your Metatrader Directory / templates /</li>
<li>Start or restart your Metatrader Client</li>
<li>Select Chart and Timeframe where you want to test your forex strategy</li>
<li>Right click on your trading chart and hover on “Template”</li>
<li>Move right to select Super Trend Forex Trading Strategy</li>
<li>You will see Super Trend Forex Trading Strategy is available on your Chart</li>
</ul>
<p><span><em>*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.</em></span></p>
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<p>La entrada <a rel="nofollow" href="https://www.forexmt4indicators.com/super-trend-forex-trading-strategy/">Super Trend Forex Trading Strategy</a> se publicó primero en <a rel="nofollow" href="https://www.forexmt4indicators.com">Forex MT4 Indicators</a>.</p>
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