Trend Catching Forex Trading System use a lot of moving averages, placing them manually can detailing them here can be confusing, so using the template provided here is the best solution. The setup is using 10 moving averages in all.
If you want to profit take look chart refer to the screenshot above in order to get a clear idea on the SELL signal generated by this system. The same rules for the Takeprofit and Stoploss levels apply to the sell as well.
How to setup your charts
1. Compile the BBANDS indicator place it in your experts/indicator folder
2. Use the template and place in in the metatrader/templates folder
3. Apply the template on your chart.
When not to trade
1. You should not be taking any trades when all these rules have not been met.
2. You should not be trading when the Blue moving averages are stuck to one another, this shows that the market is ranging and this system will not make money in ranging markets.