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 simple and easy to use trend following system. Any forex trader can use it to help identify trending market trade opportunities. Even the more advanced forex trader may 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 should have good money management, I ideally like to have a risk to reward ratio that ensures my winning trades are greater than you the losing trades.
Forex Trend Rider Trading Strategy
As the name suggests, Forex Trend Rider is of course a trend following strategy that is flexible and can be used on any trading instrument and time frame. I would trade the more liquid currency pairs such as the EURUSD and GBPUSD as I find that 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 tim, especially when using an ECN forex broker
Forex Trend Rider will give you arrow signals for entry when it finds an 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 time frames but to filter out market noise, I would personally be using it on the higher time frames. This will save time to do other things.
Forex Trend Rider Summary
Overall I would say that Forex Trend Rider is a basic manual trading system and thus 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 can help to built the foundations for incorporating trading principles and money management. The signals provided follow the overall trend and can filter out ranging markets especially when used on the higher time frames. It comes with detailed instructions, full support and a 60 day no questions asked money back guarantee.