Half Trend TD is a swing trend following system filtered by long term and medium term indicator.
Time Frame 240 min or daily.
Currency pairs:any.
Setting Metatrader indicators:
Half Trend Td amplitude 2.
Long Term filter indicator (Weekly time frame)
Medium term filter indicator ( current time frame) joker filter.
Supporting ADX 12 period with 22 level and smoothed moving average 3 period.
Half Trend TD trading rules
Buy
Half Trend TD arrow buy confirmed by:
Long Term filter acqua bar,
Medium term filter green bar,
and ADX > 22 level or ADX > your moving average (this condition is optional).
Sell
Half Trend TD arrow Sell confirmed by:
Long Term filter magenta bar,
Medium term filter magenta bar,
and ADX > 22 level or ADX > your moving average (this condition is optional).
Re-entry
When the price movement bounce on the Half Trend Trend Line
whit the same previous conditions.
Exit at the opposite arrow or ratio 1.2 initial stop loss or traling stop that depends by time frame and currency pairs. Initial stop loss on the previous swing.
Incoming search terms:
- half trend td mt4 indicator
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