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Forex trading system "Forex Trading Made Simple"
Learn to trade Forex using the TDI indicator
In this strategy, the TDI (Traders Dynamic Index) is used as it uses some of the most powerful indicators such as the RSI as well as other types of calculations to determine the trend and momentum of the pairs. The trade is then confirmed with the combination of the Synergy APB (Average Price Bar) Candle indicator and the Simple Moving Average.
Details
Categories: Technical, Trend Following, Long-Term Trading, Metatrader Only
Timeframes: ANY, 1 Hour
Currency pairs: ANY
Trading sessions: ANY
Indicators used
- TDI Red Green
RSI Period: 13
RSI Price: 0
Volatility Band: 34
Download TDI Red Green Indicator
- Moving Average
Period: 5
MA method: Simple
Shift: 2
Apply to: Typical Price
- Synergy APB Candles
Download Synergy APB Candles Indicator
Entry rules
Likewise, we open a buy trade when the blue line crosses the pink line of the TDI indicator and the blue line is showing an upward slope and the previous blue candle has closed above the green SMA line as shown in the following picture.We open a sell trade when the pink line crosses the blue line of the TDI indicator and the pink line is showing a downward slope and the previous pink candle has closed above the green SMA line.
Trade management
The trades are managed using the method as describe in the following exit rules.
Exit rules
We close the sell trade when the candle closes above the SMA. Likewise, we close the buy trade when the candle closes below the SMA as shown in the following picture.
Advantages
This method is simple and uses a few indicators in which it has been reported by a trader that it has 70-80%+ wins on a regular basis.
Disadvantages
This strategy does not give us 100% win, so the TDI indicator will gives false signal as the market is going into retracement.
Metatrader 4 chart template files
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