Micro Trend System
Micro Trend System is an exclusive indicator that combine 4 trend indicators and that come with a complete set of rules to trade Binary Options.
The Micro Trend System can also be used to scalp forex.
Most trading systems look for tops and bottoms to enter trades but this is very tricky to trade this way.
The Micro Trend System looks for a micro trend and for continuation of this trend on the short term which is much easier and safer to trade.
To have reliable indication of the trend we combined 4 trend indicators and only generate signal once all indicators are aligned.
Micro Trend System strategy is a proven, simple and effective strategy to trade Binary Options.
We did all the hard work for you... combining the 4 indicators so that it is easy to follow the trading system.
The indicator displays in a separate window and gives signals as dots of two colors:
- green color: CALL signal to place at the beginning of the next candle
- red color: PUT signal to place at the beginning of the next candle
The only input of the indicator is:
- MaxBars: number of bars to be calculated by the indicator
- Filter (true/false): to activate filter and only show signals that are aligned with underlying trend
Trading rule of the system for CALL:
- Wait for a new low given by the ITC_HighLow_Arrow
- Wait for the next CALL signal given by the Trend System indicator
- Place CALL trade at the start of next candle following the signal candle
Trading rule of the system for a PUT:
- Wait for a new high given by the ITC_HighLow_Arrow
- Wait for the next PUT signal given by the Trend System indicator
- Place a PUT trade at the start of the next candle following the signal candle
You can trade out of different time frames:
- 1M chart with 5M expiry
- 5M chart with 30M expiry
- 15M chart with 1H expiry
How to get the High Low Arrow indicator ? This is a free indicator that you can get from the MQL5 Market
- High Low indicator: https://www.mql5.com/en/market/product/20591
Advanced system: you can enhance the Micro Trend System even more using 2 other indicators that will confirm the trade and filter some false signals. These other indicators are completely optional. The Micro Trend System indicator alone does give good results.
- Trend Direction UD: to get long term trend direction (and go with long term trend only for high probability)
- Trend Direction AD: to confirm strength of short term trend (and only go if short term trend is well established)
How to get the optional indicators ? There are available in the MQL5 Market:
- Trend Direction UD: https://www.mql5.com/en/market/product/20315
- Trend Direction AD: https://www.mql5.com/en/market/product/19225
The Micro Trend System indicator will never repaint.
The Micro Trend System indicator can be used with any class of asset: Binary Options, Forex, Commodities, Equities, Futures, etc..
The Micro Trend System indicator can be used with any time frame.
We recommend to check market conditions before trading:
- avoid ranging markets
- avoid period of low volume since trend will not be sustained
- avoid trading in the middle of the news releases
The Micro Trend System can be for beginners as well as for advanced traders. The system is easy to follow and has proven to be effective.
We not only provide the indicators but also the rules of trading system and the complete template (for basic and advanced system).