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Trend Following Profitable Forex Strategy FREE Download
Black Panther Forex Strategy is a profitable Forex strategy that follows trends and provides easy-to-use buy/sell signals.
This system is based on 4 different indicators. It comes with an on-screen dashboard that shows you ATR, Daily High/Low, and other useful information.
It is a trend trading system with a powerful filter with the goal of having an average profit of 56 to 70%, even when exiting positions at predetermined prices.
The system is very simple.
It is based on only two indicators on the chart. One identifies market trends and also acts as a filter, and the other determines when to enter the market.
A word about the trend arrow filter indicator: I determined that it is a good indicator that can also be used in other trading systems (trend, breakout, and trend-momentum, also as with the price model).
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This trend following strategy is completely manual. Indicators generate signals, but any decision to enter the market and place protective or profitable stops will be up to the trader. Therefore, traders should familiarize themselves with the principles of risk and reward, and use initial support and resistance zones to determine entry and exit.
The Black Panther indicator can provide you with trading signals that you can take or add to your additional chart analysis to further filter the recommended signals. While this system can be used by traders of all experience levels, it helps if you practice trading on an MT4 demo account until you become consistent and confident enough to trade.
Follow money management and do not enter trades during high impact news periods. Exit your trades half an hour before and an hour after high impact forex news.
There are two pattern Signs:
Pattern recognition and candlestick alerts. The Master Pattern Recognition indicator is more stable, so you should choose the best patterns, either from those provided by other Candlestick indicators or from a personal choice.
You can configure this profitable Forex strategy to send you a signal alert. This is useful because it means you don’t have to watch the charts all day, waiting for the signals to appear, and you can view multiple charts at once.
The Forex Trend Following Strategy can be used on any Forex currency pairs and other assets like stocks, commodities, cryptocurrencies, metals, oil, gas, etc. You can also use it anytime that suits you best, from 1-minute to 1-month charts. Works best on Time Frame M15 or greater.
Trading rules for this profitable forex strategy
Follow money management and do not enter trades during high-impact news. Exit your trade within half an hour of high-impact forex news.
As always, for good results, remember good money management. To become a profitable trader, you need to master discipline, emotions, and psychology. Knowing when and when not to trade is very important. Avoid trading during unfavorable market times and conditions such as low volume/volatility conditions, outside of major sessions, exotic currency pairs, wider spreads, etc.
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This Trend Following Strategy works well with trending currencies. It is suggested to use this trend arrow indicator in a longer time frame to identify the trend.
Buy condition
- White trend arrow below the chart.
- BuySell Waiting for a white arrow.
Sell condition
- Blue trend arrow above the chart.
- BuySell Waiting Green Arrow.
Trade Closing
Target Profit on the lines, profit stop/loss ratio 1:1 to 1:2.
All positions with this system can be liquidated with a fixed profit target. Also, a profit target should be set using the previous support or resistance level as a reference point. You can draw a line from the previous support/resistance level to widen horizontally to place your Take
Profit a few pips below that level. You can also exit a trade manually if the system condition reverses (the opposite arrow appears).
You should use a stop loss. Place the SL below the entry price using the previous support/resistance level as a reference point Or above the previous swing high/low.
A fixed stop loss setting without any reference points should not be used.
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