A trend is simply a tendency, a market movement direction, and is considered as one of the most essential concepts in technical analysis. Any technical analysis tool used by an analyst has only one purpose, which is to help to identify the market trend. The Forex trend meaning is very much similar to its general meaning - just the direction in which the market moves. But the difference is that the foreign exchange market not like other markets, it moves in a characterized way by series of zigzags, like successive waves that have clear peaks and troughs or as they are often called highs and lows.
Trend trading is one of the oldest classic trading strategies and is now taking its rightful. Its strong logic suggests it keep its relevance among traders around the world in the future. It has three main very logical strong but simple principles:
- Buy when the market goes up (uptrend/bullish trend).
- Sell when the market goes down (downtrend/bearish trend).
- Take no action, see and wait when the market moves horizontally, not up nor down (sideways trend/consolidation).
The trend following strategy application is compatible with trades on various timeframes, but medium and long-term trading has the highest rate of protection accuracy and lowest risk value, where the long-lasting trends are considered strong ones. Swing and position traders whose trading depends on predicting the future market movement direction would greatly prefer using trend trading. Also, scalpers and day traders catch trends, but more precisely in weaker and very short-lived ones, a form of fluctuations within the main big trend.
Inertia Trader v1010
As the fundamental market principles form the core of its trading function and it doesn't trade based on past historical data, there is no need for it to be regularly optimized.
Benefit EA v2.46
Once there is a potential kick in an opposing direction, the system will use its meticulous intelligent algorithm to scan and analyze it and determine if it's just a temporary move or not and signals a continuation pattern starting.
It generally trades every week, but sporadic days with no trades can exist, this is how it avoids unnecessary risk for the account.
No martingale, grid, averaging or arbitrage tactics are involved. Its trading frequency average is about 4-5 trades a day.
CabEX EA v2
The next step before starting a trade is to compare such an opportunity to price action for verification, this confirms an impending reversal of the trend direction.
Then the trade entry becomes so favorable and that trade is highly promising and the system puts an order.
Vortex Trader PRO uses a MySQL database to broadcast trading signals, it trades around the clock as was proved by its live performance statements with an average win of 11 pips and average loss of 21 pips.
It trades using baskets with a limited amount of trades achieving good profit on average 30+ pips, the positions are entered at the bar open with dynamic StopLoss and TakeProfit values.
Forex Diamond v6.1 (MT4) / 6.3 (MT5)
Forex Growth Bot v2.0
A trend EA as its name suggests, Forex Growth Bot takes the trader term "cut your losses short, let your profits run" actually earnest. As it trades only the EURUSD on M15 and it's not such a feature-rich software, this review will probably be shorter than my other reviews.
Invite Gmail Contacts