Forex Trading Strategy for Super Trend

21 January 2016, 16:51
Abdul Salam
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Forex Trading Strategy for Super Trend

We will study a forex trading strategy who used in higher timeframes. 
As always, the purpose of this forex trading strategy is to have a profitable entry point with the minimum risk. 
  
We can use this forex trading strategy with any currency pair. 
  

Timeframe


4H timeframe is the most preferable.


The forex trading strategy contains the following indicators: 

  • SuperTrend_Clean_mtf
  • Nonlagdot 


Buy Rules


1. Color of Nonlagdot changes from red to blue. 
2. Dots of Nonlagdot should be above the Supertrend line 
3. Supertrend line color has to be green. 
  
We are not opening the position right after all conditions are met. 

We will wait price to  bounce. 

In this forex trading strategy we have to use pending orders. 

We will  put the pending order on the upper point of the forex market which is formed after the first recovery. 
  

Sell Rules


1. Color of Nonlagdot changes from blue to red. 
2. Dots of Nonlagdot should be below the Supertrend line 
3. Supertrend line color has to be red. 
  
We are not opening the position right after all conditions are met. 
We will wait price to  bounce.
In this forex trading strategy we have to use pending orders. 
We will  put the pending order on the lower point of the forex market which is formed after the first recovery.

Is possible that some traders to don’t have the indicators but wish to test the forex trading strategy. They can send us a simple note through our website and 'contact us' page, writing simply the name of the forex trading strategyand we will send the template and the indicators.


Important : All investors should know that any forex trading strategy before implementing in a real account needs to be tested in a demo account in order to be fully understood.

Also, all traders should be aware that extraordinary events occurring in the forex market very often, and is likely to alter the financial results of a forex trading strategy.
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