In this post I will be reviewing the Forex Trend Rider manual forex trading strategy for the popular and free MetaTrader 4 trading platform. This is a very simple and easy to use trend following system. The most novices of forex traders can use it to help identify trending market trade opportunities. Even the more advanced forex trader will find it useful to filter their trades to be on the correct side of the trend – after all, the trend is your friend! Forex trading does not have to be over complicated and by using a simple trend following strategy such as Forex Trend Rider you can consistently take winning trades and make profit provided you are using good money managements with a risk to reward ratio that ensures your winning trades are greater than you r losing trades.
Forex Trend Rider Trading Strategy
As the name suggests, Forex Trend Rider is of course a trend following strategy that is very flexible and can be used on any trading instrument and timeframe. For best results I would trade the more liquid currency pairs such as the EURUSD and GBPUSD as they tend to move more and give some big moves. They also have lower trading costs and plenty of trading volume the majority of the time. Forex Trend Rider will give you clear arrow signals for entry when it finds a reliable entry in line with the overall trend. It gives a clear indication of where to place your stop loss and when to exit a trade after the trend is exhausted. You can use it on the lower timeframes but to filter out market noise and for more reliable big moves I would recommend using it on the higher timeframes. This will save you time to do other things whilst also ensuring you are gaining a large amount of pips on each winning trade. With a trend based system such as Forex Trend Rider you can expect a win rate of around 65-70% which is more than adequate when you consider the winning trades are greater than the losing trades.
Forex Trend Rider Summary
Overall I would say that Forex Trend Rider is a very good manual trading system and it is so simple to use. You simply load it on your charts and wait for signals. I think beginner traders would find this especially useful as it has the strong foundations for incorporating solid trading principles and money management. The signals provided are reliable as they follow the overall trend and do a good job to filter out ranging markets especially when used on the higher timeframes. Provided you stick to the rules and cut the losing trades short and let your winners run then you can be successful trading with this manual system. It comes with detailed instructions, full support and a 60 day no questions asked money back guarantee.