At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase

Trend Following Systems

Find the Right Edition That Fits You
Scalperology Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 37.65%
7-Day Profit: 34.08%
Support: 24х7 via Telegram
Free EA🚀
Breakopedia Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 24.18%
7-Day Profit: 15.59%
Support: Developer
Download💾

Understanding Trend Following Systems

  • Trend following systems aim to harness price momentum, capitalizing on persistent market moves in one direction.
  • These systems are typically focused on identifying breakouts, i.e., when price surpasses historical highs or lows.
  • Utilizing indicators like moving averages and trend lines helps traders to visualize the prevailing market trend.

    • Key Strategies in Trend Following

  • Utilizing systems such as the Turtle Trading method, which leverages breakout strategies over different timeframes to enter and exit trades based on price movements.
  • The Trend Screener Indicator delivers clear trend continuation signals, making it easier to manage risks while trading.
  • Advanced models like the Trend Breakout Catcher that identifies breakout points for new trends, ensuring traders can enter at optimal times 🚀.

    • Market Conditions for Success

  • Trend following systems work best in trending markets, as the fundamental principle is "the trend is your friend".
  • They may be less effective in choppy or range-bound markets, where price lacks clear direction.
  • Trading across multiple uncorrelated instruments—such as commodities, forex pairs, and indices—can diversify risks and optimize performance.

    • Tools and Indicators

  • The Smart Trend Trading System combines multiple advanced indicators, offering robustness and flexibility to adapt to various market scenarios.
  • Tools like the Blue/Orange Clouds provide dynamic support and resistance levels while helping to spot new trends.
  • Indicators should ideally be non-repainting to ensure that trading decisions are based on accurate signals without misleading old data.

    • Advantages and Disadvantages

  • Advantages include the potential for significant gains when entering trades aligned with strong trends.
  • Unlike mean reversion systems, trend following trades typically have lower win rates but often generate larger profits on winning trades.
  • Disadvantages encompass the risk of whipsaws, especially during sideways market phases, which can lead to losses if not managed properly ⚠️.

    • Conclusion on Trading with Confidence

  • With tools like the Trend Rider Pro V2, traders can automate their strategies, reducing screen time and increasing efficiency.
  • The importance of backtesting and optimizing strategies cannot be overstated; this helps in understanding how a system performs across different market conditions.

    • Welcome to the whimsical world of Follow The Trend EA, where traders can either find their golden ticket or the infamous rabbit hole. With the allure of automating your trading while basking in the glow of Forex profits, this EA claims to harness the power of the Advanced Breakou ...

    Release Date: 08/12/2022

    Sign in \ Up
    Sign in \ Up

    Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.