The system for trading on the Forex market

The “Diamond Power Trend” medium-term Forex trading system is adapted to work on hourly charts. Trading is based on the principle of following the trend on the main currency pairs EURUSD, GPBUSD, AUDUSD. Position holding time may vary from one day to one week, so you should seriously consider how to choose a forex broker. The system is based on the precise determination of the price movement direction using seven indicators. First of all, it is the intersection of two exponential moving averages with periods of 9 and 30. SR-SIGNAL” indicator confirms the trend with red and green arrows. The indicator “Ind-TD-DeMark” marks local extrema with red and blue dots. Four more filtering indicators are installed in the lower windows of the terminal. These are standard “MACD”, “Momentum” and little known, but effective oscillators “TRAP” and “UTPOW”. The position of the lines and the height of the bars of these oscillators determine the strength of the signal and trend. This screenshot shows an example of trading on an uptrend. After the “SR-SIGNAL” indicator has shown the green arrow, we wait for the red line on the main chart to intersect upwards. Then we check the other indicators. The yellow “Momentum” indicator line should cross the red 100 level line upwards. The green line of the “UTPOW” indicator should rise above the red line. Green bars should appear in the “TRAP” indicator window and the yellow line should rise above them. Indicator bars “MACD” should be in the positive area. The stoploss is set below the nearest blue point of the “Ind-TD-DeMark” indicator. Here is an example of opening a position to sell. After the red arrow of the indicator “SR-SIGNAL” appears, we wait for the red line to cross down on the main chart. Then we check the other indicators. The yellow “Momentum” indicator line should cross the red 100 level line down. The green line of the “UTPOW” indicator should fall below the red line. Red bars should appear in the “TRAP” indicator window and the yellow line should fall below them. The bars of the “MACD” indicator must be below zero line. The stoploss is set above the nearest red point of the Ind-TD-DeMark indicatorExit from the position in this system is assumed to occur when opposite signals appear. But it is recommended to set a trailing stop after reaching 30-40 profit points.Download system files