(A) Breakout trading system:
Breakout systems monitor the price of currency pairs and generate a trade signal in the direction of the trend if the price breaks through a certain level.
(B) Reversal trading system:
Reversal systems look for a trend that is near completion and then generates a trade signal in the direction of the reversal.
(C) Indicator trading system:
An indicator system is designed up to monitor the trader’s preferred technical indicators and then generates a trade signal when one of those indicators is met.
(D) Trend-based trading system:
A trend-based system determines when a trend exists as well as the direction of the trend. It then executes a trade signal in the direction of the trend. This includes volatility based systems.
Bonus Trade Setup Cheat Sheet
(a) Dual Time Frame Momentum Strategy Setup Rules (Stochastic)
