Forex Mutant V.2

Forex Mutant V.2 is a trend following trading system based on trend indicators. The main indicator that determines the trend is the trend bars and the trades will always follow its direction.

This is the classic system for which the saying "the trend is youe friend" applies.

Characteristics of the system.

Trend following.

Time frame 30 min and 60 min.

Currency pairs: majors and minors.

Platform Metatrader 4.

Metatrader 4 indicators:

Market Data

Market hours

Signals

Max trend signal (period 7).

Trend Bars (period 1)

Target.

Trading rules Forex Mutant V.2

Trades only following the main trend of the trend bars indicator below the chart.

Long entry

First entry

Main indicator trend bars up arrow (below main chart), blue bar

second entrance

Green dot on main chart and blue bar (below main chart)

Short Entry

First entry

Main indicator trend bars down arrow (below main chart), green bar

second entrance

Green dot on main chart and blue bar (below main chart)

Exit position

initial stop loss at the previous high / low

profit target at the levels of pivot point (target indicator). or close position at opposite signal.

In the pictures below examples of Forex Mutant V.2

Download Forex Mutant V.2 indicators and template MT4.