The Trend Veldon Trading System For MT4 is based on multiple custom indicators to get a reliable price direction. This trading strategy uses a lot of conditions to ensure the accuracy of the trend direction. However, all of these indicators have almost the same colour, so that it is easy to read the chart. Moreover, this strategy is applicable in both bullish and bearish conditions in forex trading.
The Trend Veldon Trading System For MT4
The Trend Veldon Trading System is a trend trading system where we will determine the price’s long-term view and follow the trend from a minor correction.
The forex market moves like a ZigZag, and there are minor bullish corrections in a bearish trend and minor bearish corrections in a bullish trend.
Therefore, we aim to find selling pressure in the price within the bullish trend and jump into the trade as soon as the selling pressure ends and the long term buying pressure resumes. We will follow the same concept in the bearish market as well.
Overall, this trading strategy does not require a depth knowledge about the market as all of the indicators show price direction by changing the color from blue to red or red to blue.
However, it is important to understand the logic behind the strategy before moving to the exact buying and selling system.
Elements of The Trend Veldon Trading System
In this section, we will see the list of indicators used in this system with a summary to understand the logic behind the price indication.
List of tools used in this strategy:
- B-gen trend
- Djani 9 Minor Histogram
- Djani9 Major Trend
- FX Trend V2
- Wildan System
- Pivot Points
In the image above, we can see how indicators are set in the chart for a better view.
This strategy uses a lot of indicators but taking a trading decision is very busy in this system. If you look at the image carefully, you would see that all indicators’ colors are red or green.
The green color represents bullish price action, where the red color represents bearish price action. Therefore, you can take trading decisions even if you don’t know every indicator’s exact meaning.
Overall, the FX trend V2 is the most important indicator in this system that shows the chart’s exact buy or sell indication. However, we should focus on confirmations from other indicators to get the ultimate trading decision.
Bullish Trend Veldon Trading System
The bullish trading strategy is suitable for any trading assets from the forex market, including the EURUSD, GBPUSD, USDJPY, AUDUSD, and GBPJPY.
Moreover, timeframes are flexible as this strategy works well in any timeframes from 30 minutes or above. However, it might not be profitable below 30 minutes timeframe, considering the volatility in the forex market.
Conditions
- Price is above the Pivot Blue Line.
- Wildan System is Bullish (shown in Blue Color)
- FX Trend V2 is Bullish (shown in Blue Color)
- Djani9 Major Trend Signal shows a bullish blue Buy arrow.
- Djani 9 Minor Histogram is Bullish and shown in Green Color.
- Bgen trend is Bullish (shown in Blue Color).
When To Enter The Trade?
The trading entry is valid as soon as the price started to move up by filling all conditions. However, a closing candle is important to take the trade as indicators color changes after every closing candle. Therefore, open a buy position after a bullish candle appears in the chart.
Stop Loss Guide
Setting the stop loss is easy for this strategy, where the primary invalidation level is below the recent swing low. Moreover, the aggressive approach is to consider the SL level below the Djani9 Major Trend Signal.
Make sure to use a buffer of 10 pips in every trade to avoid volatility in the price.
Take Profit Guide
Take profit is based on Horizontal and Pivot Resistance levels, where you can use partial closing by following the risk: reward ratio.
Bearish Trend Veldon Trading System
The bearish trading strategy is suitable for forex trading pairs, including the EURUSD, GBPUSD, USDJPY, AUDUSD, and GBPJPY.
Moreover, timeframes are flexible as this strategy works well in any timeframes from 30 minutes or above. However, it might not be profitable below 30 minutes timeframe, considering the volatility in the forex market.
Conditions
- Price is below the Pivot Blue Line.
- Wildan System is bearish (shown in Red Color)
- FX Trend V2 is Bearish (shown in Red Color)
- Djani9 Major Trend Signal shows a Bearish Red Sell arrow.
- Djani 9 Minor Histogram is Bearish and shown in Red Color.
- Bgen trend is Bearish (shown in Red Color).
When To Enter The Trade?
The trading entry is valid as soon as the price started to move down with all conditions. However, a closing candle is important to take the trade as indicators color changes after every closing candle. Therefore, open the sell position after a bearish candle appears in the chart.
Stop Loss Guide
The primary invalidation level is above the recent swing high. Moreover, the aggressive approach is to consider the SL level above the Djani9 Major Trend Signal.
Make sure to use a buffer of 10 pips in every trade to avoid volatility in the price.
Take Profit Guide
Take profit is based on Horizontal and Pivot Support levels where you can use partial closing by following the risk: reward ratio.
Summary
Let’s summarise The Trend Veldon Trading System For MT4:
- The Trend Veldon Trading System For MT4 is based on multiple custom indicators to get an accurate price direction.
- FX trend V2 is the most important indicator in this system that shows the chart’s exact buy or sell indication.
- This strategy is suitable for any currency pairs from the forex market.
- The primary invalidation is based on the recent swing levels, and the take profit is based on Horizontal and Pivot Resistance levels.
The main drawback of this strategy is that it does not include any fundamental direction of the price. Therefore, it is better to avoid trading when important new releases.
