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This system is the preliminary development or a beta test of our flagship trading system Trend Blaster and is developed by us on Amibroker TM platform using some simple yet powerful trend following indicators. We have named it as Trend Blaster Beta Version. Though the fully developed version if much more robust and mechanical the beta test is equally good for newbies.
What are the pre-requisites of the system: This system is designed for 5 minutes or longer time frames, it’s a trend following system that just ride the trend to the maximum profit, you can use shorter time frames but you will be exposed to more market noise, this system works perfectly in 5 minutes to hourly time frame.
-ATR stops must be above the charts, it’s easy to spot a reversal of the atr stop, if the close of the bar is below or above the atr stop line, it means a reversal, it’s the close and not the high or low of the bar that determines that;
-The dots in the chart must be red;
-MACD indicator must be in red color or below zero;
-AO indicator must be red or below zero;
-Bar color indicator must be red.