This is unquestionably one of the very best chart setup patterns you will ever meet in your trading career. Once you train your eyes you will notice them all over the place. At the beginning of a new trend, at the end of a retracement, within a trading range, within falling or rising trend. The truth there is no holy grail, however MW is so reliable, enough to make you plenty of money.

In my personal trading experience, this pattern is by far the most accurate and most profitable. If you want to become an expert in one chart pattern setup, this is it, stop looking for any other! In the package you will find following files: ZigZag-Fractals. You should be familiar with the numbers and what they represent on the chart.

We can see that price rallied from point 3, found resistance at point 2 and retraced. We now have a double bottom chart pattern and just as the 1 2 3 trading strategy needs a breach of 2 to confirm the pattern, so does the double bottom.

If you do get a double bottom after a move in price, that could signify weakness in the market. If bulls were fully in chart during the retrace at 2, we should not see two shots at the level 3. Price breaks above 2 and you can either enter at the breakout or, my preference, take a position at the close of the candlestick to confirm a true break. You can also put an order to buy slightly above the candlestick that broke the 2 level.

Your stop loss should be below 2 with buffer room to allow for noise. You can also, my preference is coming, use a 14 period Average True Range x 2. Price rallies from 1 and gives us a strong reversal candlestick at 2. Once price begins to retrace, put this currency pair on your radar. Price find support at 2 inside the previous consolidation pattern from trade 1 and shows strength as it rallied to 2.

Once price shatters the 2 price zone, enter at the close of the daily candlestick or whatever time frame you are using and use an ATR stop. The average true range stop for this trade would actually be in the middle of the candlestick that printed just before the breakout candlestick. We have most variables need for the 1 2 3 trading strategy but price is forming a range near the level at 3.

When price is basing in this fashion, it shows that the side that was dominant, in this case bulls, have tired. As a trader for years, I have seen the following occur:. This formation of the consolidation is also a great trade entry into the potential of the 1 2 3 chart pattern continuing. We can position early in the 1 2 3 formation when we have basing occurring. If it does then all. bets are off. The pattern does not exist. Scratch it off and move on.

the number two point on the pattern. Honestly, it is a VERY SIMPLE pattern that always give lots of opportunity and a. Once you grasp the fundamental basics and practice you will. see them all over the place. The system will work on many Forex pairs and many major Stocks. The rules to this super easy. system are simple. The only tricky part is bringing your knowledge of how to draw the lines onto your chart.

Let me introduce to you to the 3 simple steps below. Then I. ll take you through some worked examples in order to illustrate just how easy this. system is. This trading system involves 4 simple steps.

Identify a current trend. Identify 2 signals. Place your trade. Manage your trade later.. s take an example when a trend is down. The opposite rules for the an up trend. Draw a trend line built-in tool in any trading platform. Trend line must be based on 3 points. Now wait for the price to breakout of your trend line. This is your Signal 1. As soon as a trend line breakout occurred. identify the last.

of your trend - strong. resistance level :. Now draw a horizontal line at that point the last high.

Home » Trend Following Systems » Free Forex Systems MT4 » Trading System. Published On Besides the market trends, it also finds key areas of the chart which are also considered as swing levels of the market. However, this system works better when used for short-term purposes thus, suits great with M1 to M15 timeframe charts of the MT4 platform.

Especially the newbie traders who are less experienced with the market can easily master it and try it for a demo. Download the Trading System and install it at your MT4 terminal. Load the system and find your chart like the image below:. Also Read: Exness Review. Volume Profile Indicator.

Flash FX Scalper. Mandrake Trading System. Lang Strategy Trading System. CTG Structure Neural Networks Model. The Spectrum Forex Trading System. Rider Evo Forex System. The Valeo FX Method Trading System. I have been actively trading the financial markets since April Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs.

At my leisure, I love attending live music, traveling, and partying with friends. Save my name, email, and website in this browser for the next time I comment. Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money. Forex Brokers. Trend Following Systems. Trend Following Indicators. Install System in MT4. Install Indicator in MT4. Forex No Deposit Bonus.

Best Forex Trading Strategy. Free Forex Systems MT4 , Trend Following Systems Trading System Home » Trend Following Systems » Free Forex Systems MT4 » Trading System.

By Arun Lama Published On Contents hide. Free Download Trading System. Share on:. Recommended Reading Arun Lama I have been actively trading the financial markets since April Leave a Comment Cancel reply Comment Name Email Save my name, email, and website in this browser for the next time I comment.

About Trend Following System Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money. Important Links Install System in MT4 Install Indicator in MT4 Forex No Deposit Bonus Best Forex Trading Strategy. Risk Warning : Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected.

Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable.

The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.

The average true range stop for this trade would actually be in the middle of the candlestick that printed just before the breakout candlestick. pdf MW Forex Trading System free download: LINK. recommended for beginners. Prev Article Next Article. About Trend Following System Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money. Recommended Reading Once price shatters the 2 price zone, enter at the close of the daily candlestick or whatever time frame you are using and use an ATR stop.

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