Forex Secret Protocol trend strategy ver. 2 (part 2)

Beginning

The next version of the trending strategy Forex Secret Protocol. The strategy is now simpler and, at the same time, more diverse, providing the opportunity to enter the market with different degrees of risk.

Ultra aggressive buy entries

• Must form a strong downward movement (as an example: on the five-minute timeframe, the size of the movement should be at least 80 pips).
• The FSP Fast Trend indicator is colored blue.
• A blue bar has formed on the FSP Ultra Aggressive Entry indicator. The next bar should also be blue.
• Stop Loss and Take Profit are put in the same way as in the previous cases.

Example:

Ultra aggressive sales entries

• There should be a strong upward movement.
• The FSP Fast Trend indicator is colored red.
• A red bar has formed on the FSP Ultra Aggressive Entry indicator. The next bar should also be red.
• Stop Loss and take profit are set in the same way as in the previous cases.

Example:

The safest signal to open a long position

• All 10 indicators must be colored blue.
• At the close of the current candle, when the last indicator is colored blue, opens a long position, which is held as long as all indicators remain blue.
• The rules for setting a stop and a take are the same as in the previous cases.
• When a strong uptrend is formed, or when the market is moving downward, a trade is closed manually if the bars of one or more trend indicators (FSP Short Trend, FSP Conservative Trend, FSP HTF Trend or FSP Fast Trend) are colored red or disappear.

Using this signal to exit trades will help maximize profits in trending markets. On the other hand, when price is moving in the opposite direction, this method helps to close a position before the stop loss is triggered.

The safest signal to open a short position

• All 10 indicators must be colored red.
• At the close of the current candle, when the last indicator is colored red, opens a short position, which is held as long as all indicators remain red.
• The rules for setting a stop and a take are the same as in the previous cases.

When a strong downtrendor when the market is moving up, a trade is closed manually if the bars of one or more trend indicators (FSP Short Trend, FSP Conservative Trend, FSP HTF Trend or FSP Fast Trend) turn blue or disappear.

Examples:

Open a long position when the signal is confirmed by four trend indicators

• All four trend indicators (FSP Short Trend, FSP Conservative Trend, FSP HTF Trend and FSP Fast Trend) are colored blue.
• A blue bar has formed on one of the indicators signaling an open position (FSP Ultra Conservative Entry, FSP Conservative Entry, FSP Medium Aggressive Entry, FSP Aggressive Entry, FSP Ultra Aggressive Entry or FSP Fast Entry). The current bar should also be blue.
• The rules for setting a stop and a take are the same as in the previous cases.
• The deal is closed when the bars on one of the trend indicators turn red or disappear.

Opening a short position when the signal is confirmed by four trend indicators

• All four trend indicators are colored red.
• A red bar has formed on one of the indicators signaling the opening of a position. The current bar should also be red.
• The rules for setting a stop and a take are the same as in the previous cases.
• The deal is closed when the bars on one of the trend indicators turn blue or disappear.

Examples:

Each of the four trend indicators can be traded individually.

Opening a long position based on one of the trend indicators

• A blue bar has formed on one of the trend indicators. The current bar should also be blue.
• The rules for setting a stop and a take are the same as in the previous cases.
• The deal is closed when the bar on the indicator disappears or turns red.

Opening a short position based on one of the trend indicators

• A red bar has formed on one of the trend indicators. The current bar should also be red.
• The rules for setting a stop and a take are the same as in the previous cases.
• The deal is closed when the bar on the indicator disappears or turns blue.

Examples:

Each of the indicators that signal the opening of trades can be combined with trend indicators. For example, the FSP Conservative Entry can be used in combination with the FSP Short Trend to open conservative trades in the direction of short trend. However, you should keep in mind that such signals are more risky than those described above.

Opening a long position based on a combination of a trend indicator and an indicator that signals the opening of a position

• The FSP Short Trend indicator is colored blue.
• A blue bar has formed on the FSP Conservative Entry indicator. The current bar should also be blue.
• The rules for setting a stop and a take are the same as in the previous cases.
• The deal is closed when the FSP Short Trend bar has turned red (or has disappeared).

Opening a short position based on a combination of a trend indicator and an indicator that signals the opening of a position

• The FSP Short Trend indicator is colored red.
• A red bar has formed on the FSP Conservative Entry indicator. The current bar should also be red.
• The rules for setting a stop and a take are the same as in the previous cases.
• The deal is closed when the FSP Short Trend bar has turned blue (or has disappeared).

Examples:

Download templates and indicators of the Forex Secret Protocol strategy ver. 2

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