As many Forex traders know, the ability to identify market trends can be the deciding factor between profit and loss. One tool that has been gaining prominence in this regard is the Trend Trigger Factor (TTF). This strategy, originally conceptualized by M.H. Pee, offers a unique approach to Forex trading by focusing on Buy Power and Sell Power to detect the strength of uptrends and downtrends.
Understanding the Trend Trigger Factor
The Trend Trigger Factor is designed as an “always-in-the-market” tool, meaning it aims to keep the trader positioned in the market to capitalize on significant trends when they occur. It is plotted on a scale where values above 100 and below -100 indicate situations of greater buy or sell power. This allows traders to stay on the right side of the market by determining whether the market is in a bull or bear trend and how strong the trend is.
How to Utilize the Trend Trigger Factor
Using the Trend Trigger Factor is relatively straightforward. When the indicator moves above 100 (displayed with green fill), traders should enter a long position. This position should be maintained until the indicator signals a short position (below -100, shown with red fill). Conversely, when the indicator drops below -100, a short position should be entered and held until the indicator indicates a long position.
Early Warning Alert and Riskier Strategies
In addition to these basic instructions, TTF also includes an early warning alert feature. This feature comes in handy during choppy or sideways markets. When the indicator exits the trigger area (i.e., moves lower than 100 from being >100), it’s a signal to exit a long position. The early warning alert can also be used to set trailing stop losses or to gauge whether the trend is strong enough to continue.
For more adventurous traders, TTF can also be used in a riskier method to capture more profit. Instead of waiting for the confirmation signal, traders can enter a position on the alerts. For instance, a long position can be entered when TTF gives an “early warning to exit short”, indicating that the indicator is rising above -100. This strategy works particularly well during range-bound markets.
Alerts and Parameters
TTF comes with customizable message, sound, and email alerts that can be activated when the trend moves upward or downward. The alerts include early warnings of weakening trends and confirmation signals. The parameters for these alerts, such as calculation length, buy trigger threshold, and sell trigger threshold, can be tailored to suit individual trading strategies and risk tolerance.
FAQ Section
Where can I see independent testing of the Trend Trigger Factor?
Independent testing of the Trend Trigger Factor can be viewed on the forexroboteasy.com website.
Can I subscribe for updates on the results of testing the Trend Trigger Factor?
Yes, the forexroboteasy.com website offers subscriptions for updates on product testing results.
How can I share my experience using the Trend Trigger Factor?
Users are encouraged to share their experiences with the Trend Trigger Factor. Your insights will be invaluable to other traders considering this tool.
It’s important to note that this is an independent product review. The Trend Trigger Factor is a tool that can provide valuable insights for Forex traders. However, as with any trading tool, it’s essential to understand how it works and to use it as part of a broader trading strategy.
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