A trend is simply a tendency, a market movement direction, and is considered as one of the most essential concepts in technical analysis. Any technical analysis tool used by an analyst has only one purpose, which is to help to identify the market trend. The Forex trend meaning is very much similar to its general meaning - just the direction in which the market moves. But the difference is that the foreign exchange market not like other markets, it moves in a characterized way by series of zigzags, like successive waves that have clear peaks and troughs or as they are often called highs and lows.
Trend trading is one of the oldest classic trading strategies and is now taking its rightful. Its strong logic suggests it keep its relevance among traders around the world in the future. It has three main very logical strong but simple principles:
- Buy when the market goes up (uptrend/bullish trend).
- Sell when the market goes down (downtrend/bearish trend).
- Take no action, see and wait when the market moves horizontally, not up nor down (sideways trend/consolidation).
The trend following strategy application is compatible with trades on various timeframes, but medium and long-term trading has the highest rate of protection accuracy and lowest risk value, where the long-lasting trends are considered strong ones. Swing and position traders whose trading depends on predicting the future market movement direction would greatly prefer using trend trading. Also, scalpers and day traders catch trends, but more precisely in weaker and very short-lived ones, a form of fluctuations within the main big trend.
AX Trader is a High-Frequency Currency Trading Forex Robot coded with a unique hybrid strategy that utilizes Fibonacci and trend following.
With the help of its built-in Forex indicators, Atomic Trader uses its unique algorithm to identify when the market is supposed to go up or down, then enters or closes trades on your behalf while you live your regular day.
Happy Frequency v1.1
Happy Frequency combines the concepts trend/grid/hedge/semi-martingale according to risk low/middle/high/combi EA files. The whole strategy is protected with a News filter.
Omega Trend v1.1
Forex Combo System v6.1
As the name suggests, Forex Combo System is a collection of several subsystems, four to be clear. The most accurate description that fits it is "four different EAs joined together". The result of such an EA could be considered "Pleasant" as you will discover this yourself after some further reading, It's an easy-to-use EA and is one of the most solid automated trading systems that I've ever seen.
Happy Trend v1.8.1
Inertia Trader v1010
As the fundamental market principles form the core of its trading function and it doesn't trade based on past historical data, there is no need for it to be regularly optimized.
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