Trending trading strategy UniTrendNoise Balance

Trending trading strategy UniTrendNoise Balance - This is a very original system for trading on trendIt is based on the use of only one indicator in two windows with different settings and has very simple rules for entering the market.

Input parameters

• Currency pairs: any, indices, commodities
• Timeframe: M5 and older
• Bidding time: any
• Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction

Used indicators

• Unitrend Noise Balance

Setting up the price chart

• Unpack the archive
• Copy the template into the templates folder
• Copy the indicators to the folder MQL4 -> indicators
• Restarting the terminal
• Open the chart of the desired currency pair
• Install the template named UniTrendNoiseBalance_white

The schedule should look like this:

Signals indicating the opening of a long position

• the top line of the Unitrend Noise Balance indicator is above the 40 level;
• bar of the bottom Unitrend Noise Balance indicator is green.

Signals indicating the opening of a short position

• the top line of the Unitrend Noise Balance indicator is above the 40 level;
• bar of the bottom Unitrend Noise Balance indicator is red.

Setting Stop Loss and Take Profit Orders

• stop loss is set above/below the previous local maximum/minimum;
• Take Profit is set by the trend, depending on the used timeframe and currency pair.

Trending trading strategy UniTrendNoise Balance is very effective and is able to give accurate and profitable entry signals. In our opinion, the disadvantage of the strategy is the lack of reference points for setting a take profit order.

Before using the UniTrendNoise Balance strategy on a real deposit be sure to test it on demo account.

Download UniTrendNoise Balance strategy template and indicators

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