- July 4, 2022
- Posted by: Maret Edodo
- Category: Forex Trading System
Momentum Trend Trading System Review
The Smoothed Heiken Ashi by Trend Power Momentum Indicator-based Momentum Trend Trading System is a trend momentum trading strategy. Scalpers will thrive in this configuration.
The system also includes a direction indication that updates the Viper binary calculations. Although this trading technique is effective across all time periods, we advise using the London and New York sessions for day trading and scalping. Low time periods are also advised for this form of trading.
This Momentum Trend Trading System can provide trading signals that you can use as-is or further filter with further chart research, which is advised. Although this strategy may be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account first until you are reliable and self-assured enough to trade in real time.
You may instruct the MT4 Scalping Indicator to notify you of a signal via platform pop-ups or mobile notifications. This is advantageous since it allows you to monitor numerous charts at once and eliminates the need to spend the entire day staring at the charts in anticipation of signals.
The Momentum Trend Trading System is applicable to all Forex currency pairs as well as other assets including equities, commodities, cryptocurrencies, precious metals, oil, gas, and so on. Additionally, you may use it on whatever time period that works best for you, from charts that run for one minute to those that run for four hours.
Best Brokers List
The Momentum Trend Trading System works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2007||Sydney, Australia||1:1000||$200||ASIC, SCB, FSA|
|Register||2010||Melbourne, Australia||1:500||$200||FCA , ASIC, DFSA|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2011||London, England||1:500||$25||regulated by CySEC|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
Momentum Trend Trading System Trading rules
It performs admirably for scalping on the M5 or M15 timeframes. But if you like, you may also apply this to the charts for one hour. We also advise experimenting with different approaches and changing (adding or deleting) indicators to suit your needs.
- Binary viper arrow Green color.
- Stochastic colored candles Blue color.
- Trend Power bars Black color or (Grey optional aggressive trading).
- Scalper MA Blue color.
- Binary viper arrow Red color.
- Stochastic candles Red color.
- Trend Power bars Red color or (Brown optional aggressive trading).
- Scalper MA Red color.
Stoploss and TakeProfit
on support and resistance levels or at predefined pip goals of your choosing. You have two options for setting your take profit level: either set a predetermined risk-to-reward ratio or just trail your stop loss a few pip below the blue dots on the chart. This is entirely arbitrary and is determined by the state of the markets.
Momentum Trend Trading System Free Download
We highly recommend trying the Momentum Trend Trading System for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.