The Winner Trading System represents a simple trend-oriented forex trading strategy for MT4 users. It is quite suitable for beginners who are less experienced in technical analysis. This system shows how a strong price-action trading strategy can be built by using basic MT4 indicators.
It applies two types of moving averages for determining the long-term direction of the market trend. Besides, its Winner oscillator spots the trend-reversal moments and filters the trend signals delivered by EMAs. This system also includes the Stochastic Oscillator as a momentum indicator adding more confirmation to your trade entries.
The 60 EMA (blue) crosses above the 200 EMA (red) represent a bullish crossover signal. During this period the price should be moving above both EMA levels and treating the moving averages as support.
The Winner(fast) turns above its slow-MA confirms the trend as bullish. Finally, the stochastic oscillator value drops below the 20 level signals the market is oversold. Also, its %K turns above %D indicates the existence of strong bullish momentum behind the price.
In this above signal, the 60 EMA already dropped below the 200 EMA and the Winner indicator plotted a bearish crossover to signal a bearish market trend. The Stochastic oscillator also turns above 80-level with its %K moving below %D.
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It means the market has found its bearish momentum back after reaching overbought. Besides, as you can see in the above image, the price rejected the 60 EMA and treating the level as resistance before moving downwards.
The Winner Trading System uses simple MetaTrader indicators to form a highly effective trading strategy. It suits all types of timeframes of MT4 and supports trading forex, stocks, and commodities.
According to our review, this system offers a standalone trading technique and doesn’t require any addition of extra indicators. Moreover, this system is configured for both scalping and intraday trading. So, it doesn’t require any further modification either.