Forex Trend Rider Trading system
What is the Forex Trend Rider Trading system?
Forex Trend Rider system is another paid forex trading system given by profxindicators for free. This is an indicator system that consists of many profitable indicators and strategies with user-friendly user UI. Traders can easily understand more accurate signals.
Forex trading is high risk and high returns. You must make the right decisions at right time. You cannot make
it just by indicators. You must have your own knowledge and experience in trading and market behavior.
We provide you an A – Z Free forex Lesson series via ProFX Learning Center. Practice on Demo Account
before trading on a Live Account.
Following main indicators are available in the Forex trend rider trading system. Except for them, there are more indicators are included in the system. You can check the following indicators and descriptions to understand the indicator and signals.
- Bar Trend.ex4
- BBands_Stop_v1_BAR.ex4
- Clock v1_2.ex4
- DailyData.ex4
- EJ_CandleTime.ex4
- EMA Crossover Signal.ex4
- FerruFx_Multi_info+_light_chart_v1.1.ex4
- FLATTRAND_w_MACD_mtf.ex4
- RSI div.ex4
01. Forex Trend Rider Indicator
Red and blue arrows indicate buy and sell signals as red for sell and blue for buy. Purple and green bars also indicate up and downtrend. Four moving averages are available in the system such as 50 (green), 85 (red), 5 (Goldenrod), and 10 (white). Bollinger bands indicator shows with three dotted lines as higher, middle, and lower.
stochastic oscillator with shows black and yellows lines. RSI Indicator shows pink and green up and down bars. You can see two types of BBand stop BAR which is a modified indicator with red and blue sections, (10.1) and (20.2). Red shows a downtrend and blue shows an uptrend. There two types of flat trend indicators as (4,8,9) and (6,13,9). You can identify each indicator by its name. when you move your mouse pointer to the indicator it shows the name, period, and other details. First, you need to understand the system’s behavior then run it on your real account.
Forex Trend Rider indicator Trading system FAQs
01. Which trading platforms are suitable for the Forex Trend Rider Indicator Trading system?
You can run the indicator on MT4 (Meta Trader 4 platform) only. You cannot run it on MT5 or other platforms. More about MT4 and MT5
02. Which time Frames are suitable for the Forex Trend Rider Indicator Trading system?
You can run in any time frame but we recommend 15 minutes and higher for high returns.
More about trading time frames.
03. Which currency pairs can Forex Trend Rider Indicator Trading system?
You can use any major currency pair for trading. More about currency pairs
04. What are the pre-Requirements for Trading?
- You must have a Verified trusted broker Account. Our recommended brokers
- Verified Skrill or Neteler accounts for deposit and withdrawal. Visit ProFX Premium Store to create and verify Skrill and Neteler accounts for a cheaper cost.
05. What we must know before starts trading and how to fulfill them?
- You must have a proper understanding of the forex market and its behavior.
- You must have a proper understanding of the fundamentals of currency trading
- Knowledge and experience about Indicators, systems, strategies, and technical and fundamental factors.
- Understanding trading psychology
You can A-Z learn all these things from ProFX Learning Center for free.
06. What is the affection of news trading and trading sessions at the Forex Trend Rider Indicator Trading system?
- You can learn more about trading sessions and News trading through ProFX Learning Center.
- You can use www.investing.com to check important news related to the forex market.
How to install and use Forex Trend Rider indicator Trading System
1. Download and install MT4 Platform
Visit MT4 configuration Guide to download and install the Meta Trader 4 Platform on your computer or mobile phone. Visit our Recommended Brokers list.
2. Download and install Forex Trend Rider Indicator Trading system
Visit Indicator Installation Guide to download and install the Forex Trend Rider Indicator Trading system on
your MT4 Platform.
3. Required Settings and configurations
Once you install the indicators on your MT4, you need to configure input settings. visit the below link to check the guide about changing indicator settings. Guide Link
4. Trade with Forex Trend Rider Indicator Trading system
When to Buy
- When Arrow is blue
- Trend indicator dashboard show “Strong UP” and the percentage is more than 50% for uptrend
- Bar trend indicator shows Green (Start green bars)
- Candles touch Bollinger Bands lower line
- BBand Stop Bar indicator shows blue color (Start blue color)
- The flat trend indicator shows a blue color
- RSI indicator shows green bars
- Stochastic oscillator crosses the 20 below the line and starts turning the upside
- Check moving average indicators. Moving average lessons
- How to improve buy signal accuracy through ProFX Learning Center.
When to Sell
- When Arrow is Red
- Trend indicator dashboard show “Strong DOWN” and the percentage is more than 50% for Downtrend
- Bar trend indicator shows Purple (Start Purple bars)
- Candles touch Bollinger Bands Upper line
- BBand Stop Bar indicator shows red color (Start blue color)
- Flat trend indicator shows red color
- RSI indicator shows pink bars
- Stochastic oscillator crosses the 80 above the line and starts turning to the downside
- Check moving average indicators. Moving average lessons
- How to improve Sell signal accuracy through ProFX Learning Center
Recommended Stop Loss and Take Profit Table for each time frame. This SL and TP can be changed according to your knowledge and experience. This is a common SL and TP table.
ProFX Learning Center
ProFX Learning center is a different concept started by profxindicators team. Our primary goal
is to carry you towards successful trading. We have provided A – Z lesson series about trading under
three stages such as Basic, Intermediate, and Advance. You can learn following through ProFX Learning
Center
- Fundamentals of trading
- Trading Platforms
- Indicators, Systems and Expert advisors / Develop own systems and strategies
- Advanced trading techniques
- Step by step practical sessions and test your improvement
Your knowledge improvement on trading will make fewer losses and high returns.
ProFX Freemium Store
You can get followings through ProFX Freemium Store
- High Profitable Indicators, Expert Advisors, and Systems with Verified Results
- Open and Verify Forex and Binary Option Trading accounts (Any Broker)
- Open and Verify Skrill, Neteler, and Payoneer Accounts
- Recover restricted Skrill and Neteler accounts
You can follow these images for further trading
