Andrew Trading System

After you copy the necessary files and run MetaTrader 4, open EUR/USD, GBP/USD or any other major pair that you want to trade. Set chart time frame to 4 hours and apply the template. You will see a chart like this:

Andrew-Trading-System

 

Andrew  Trading Strategy:

In order to open a long position:
1. Color of Nonlagdot changes from red to blue.
2. Dots of Nonlagdot should be above the Supertrend line
3. Supertrend line color has to be green.

Important: When all conditions are met, we will wait for a rebound. It is important that you notice that we are not opening the position right after all conditions are met!

A position should be opened by execution of a pending order. This order is placed on the upper point of the market extremum, which is formed after the first rebound.

In order to open a short position:
1. Color of Nonlagdot changes from blue to red.
2. Dots of Nonlagdot should be below the Supertrend line
3. Supertrend line color has to be red.

Important: When all conditions are met, we will wait for a rebound. It is important that you notice that we are not opening the position right after all conditions are met!

A position should be opened by execution of a pending order. The order is placed on the lower point of the market extremum, which is formed after the first rebound.

I am sure this example will help you understand what I am talking about:

Andrew-Trading-System-Long-Short-Position

 

Download Andrew Trading System Indicators and template
Download include:

  • strategy4.tpl
  • nonlagdot.ex4
  • SuperTrend_Clean_mtf.ex4

Comments

  1. Firas Ali says

    can you please add more details and an example for the following points

    Important: When all conditions are met, we will wait for a rebound. It is important that you notice that we are not opening the position right after all conditions are met!

    A position should be opened by execution of a pending order. The order is placed on the lower point of the market extremum, which is formed after the first rebound.

  2. alex badr says

    Hello,

    You have not mention where to put stop loss, and when to take profit? can you explain this in details?

    Thanks

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