Great Trader v1.5 trading strategy for trend trading

Good day to you, dear readers of ForTrader.org. Today we will look at the undeservedly forgotten, but not lost its functionality Great Trader trading strategy. The strategy has not appeared in Russian-language forums for a long time (even with pay per post), but in the English-language segment it appears regularly.

Input parameters

• Currency pairs: any
• Time frame: M30 - recommended
• Trading hours: 24 hours a day
• Type of strategy: trending, indicator

Great Trader trading strategy installation

The Great Trader trading strategy is installed in a standard way. If you have done everything correctly, your terminal should have the following form:

Used indicators

Great Trader trading strategy has an optimal number of indicators, which are competently selected and do not tire the eye. In our case, there are 6 indicators, all of which are responsible for entering a position.

• Moving Average - standard trend indicator. platform MetaTrader 4. The strategy uses a moving average with a period of 60. It is believed that if the price crosses a moving average, it signals a change in the market trend. The moving average parameter can be optimized to your needs, thus making the system more flexible.
• Great Trader NLD - the indicator is displayed in the form of red and blue dots. The blue point is a bullish trend, and the red one is a bearish trend. As my experience tells me, all indicators of this kind are nothing more than a modification of the standard Parabolic indicator.
• Great Trader TLSM - this indicator is displayed as two lines that change color. If the line is red - the trend is bearish, if the line is blue - the trend is bullish. The indicator is based on two moving averages crossover. Thus, if the fast moving average crosses the slow one from the bottom upwards, the indicator color becomes blue, and vice versa. The indicator parameters can be changed by increasing or decreasing the moving average parameter, thus making the system more flexible and adjustable to any trading conditions.
• Great Trader MACD Color — данный индикатор в стратегии отображается в виде гистограммы синего и красного цвета. Индикатор построен на основе стандартного MACD indicator with similar settings.
• Great Trader FT is an author's indicator, I do not know the settings of its parameters. It is located in the second additional window and is displayed in the form of red and blue bars.
• GreatTrader PW - this indicator is located in the third additional window in the form of bars. Red bar - bearish trend, dark red - bearish trend, but stronger signal, blue bar - bullish trend, dark blue - strong bullish trend. The indicator is based on two oscillators RSI and CCI, but the strategy uses only the settings RSI indicator.

The peculiarity of the trading signals of the strategy

The Great Trader trading strategy has one important feature. When trading on it, a confirmation of the signal on the lower timeframe is necessary, so the market entry is made by the current signal, rather than by the general trend.

Buy signals on the Great Trader strategy

The following conditions must be met in order to enter a buy:

• The price (candle, bar) crosses the Moving Average indicator from bottom to top.
• The Great Trader NLD indicator draws a blue dot.
• The Great Trader TLSM indicator lines are colored blue.
• The histogram of the Great Trader MACD Color indicator is colored blue.
• The column of the Great Trader FT indicator is colored blue.
• The GreatTrader PW indicator bar is colored blue or dark blue.

If these conditions are met, it is necessary to switch to timeframe M5, and if the point of the NLD indicator and the Great Trader TLSM indicator lines are blue, we can open a buy position. If there is no confirmation on M5, we ignore the signal.

Then we go to M5 and look for confirmation.

The Great Trader's sell signals

To enter the sale, the following conditions must be met:

• The price (candle, bar) crosses the Moving Average indicator from top to bottom.
• The Great Trader NLD indicator draws a red dot.
• The Great Trader TLSM indicator lines are colored red.
• The histogram of the Great Trader MACD Color indicator is colored red.
• The Great Trader FT indicator bar is colored red.
• The GreatTrader PW indicator bar is colored red or dark red.

If these conditions are met, we need to move to the M5 timeframe, and if the point of the indicator NLD and the Great Trader TLSM indicator lines are red, then we open a sell position. If there is no confirmation on M5, the signal is ignored.

Then we go to M5 and look for confirmation of the signal.

Money Management. Stop Loss Setting. Exiting a position

When trading with the Great Trader trading strategy it is very important to follow the rules money management. The percentage of risk per position must not exceed 2% of the deposit.

Stop-loss is set in the classic way - at local minimums and maximums, important levels.

Author's personal opinion

Considering that the Great Trader trading strategy is from 2011, it has not lost its profitability and functionality. In fact, all indicators can be optimized, so it can easily be reconfigured for any timeframe and currency pair. Also I'm pleased with the proper selection of indicators that complement each other. To my mind, Great Trader strategy is not very complicated, so I can confidently recommend it to both beginners and professionals.

Download Great Trader v1.5 trading strategy template and indicators

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