wearebluefx

Blue FX Trend Strategy v2

Updated version to our initial Blue FX Trend Strategy

What has changed?


This version is specifically coded for trading off the H1 timeframe, with the H4 confluence automatically built in.

This means that we increase our probability and confluence by ensuring that price has closed above or below on the last H4 candle.

The main update here though it the addition of labels for a SL placement and multiple TP's based on the Average True Range for the pair (14).

What does it do?

Our strategy will help you identify the current trend in the markets and highlight when this is changing. The strategy itself is based upon 4 indicators lining up in total confluence to increase the probability of the trade being a success, this is specifically an EMA , MACD settings, Supertrend criteria and also Momentum.

Absolutely no technical analysis is needed to trade this successfully - this can be used on all time frames and all pairs - obviously with varying profitability as all pairs work differently - this can be reviewed quickly in 'Strategy Tester' to hone in on your own desired settings.

When all criteria is in alignment the strategy will convert all candles to the relevant colour - Green for an uptrend and Red for a downtrend; a candle that is printed normally simply shows that no current trend is in place to warrant a colour change. A normal coloured candle could possibly indicate a change in current market direction or the market consolidating before a further move in the initial direction. When a new signal is valid 'Blue FX Buy'' or 'Blue FX Sell' will be displayed and the small arrow shown on candle open for entry.

The ATR settings are also customisable depending upon your own trading parameters. It is worth while doing some research into using ATR for choosing your SL and TPs - also we encourage you to use a trailing SL function to lock in and secure more profits as shown with the EURAUD example above.

Signup information is available on our website, or drop us a DM .

Kind regards

Darren
Blue FX
Release Notes: Changes made:

  • Candles show trade only on close and not whilst open
    Default settings changed on the ATR for SL and TP - now ATR SL 2.5 TP1 is 2.5 TP2 is 5 and TP3 is 7 - thus by default giving you some straight forward money management risk to reward ratios
    Customisable colours for the SL and TP labels - so they are visible whichever colour scheme you use
    Alerts function now working - we will set up alerts on all pairs to send straight into our telegram channel
    H4 view is clearer too with showing if the candle has closed above or below the EMA by colour change

We are already working on more upgrades too as we continue to seek out marginal gain improvements.

Thank you
Darren
Remove from Favorite Scripts Add to Favorite Scripts
Please like and follow our analysis using our unique Trading View strategy. Join our Discord Server https://discord.gg/v8zucnv & visit our website wearebluefx.com

Comments

How can i use it?
+8 Reply
hi, how can i get this one?
+2 Reply
Can I use this script. How to get approval?
+2 Reply
Hey, how do I get access to your strategy?
Reply
Hi. Would like to try this script on equity. Please allow use
Reply
can i try
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out