Auto Trend Forecaster Forex Indicator is a technical indicator which helps to forecast the trend of the forex market. The indicator is really simple and easy to trade with. Yet it is very effective and powerful tool for forex traders. So the main aim here is to create a trading strategy that is based on Auto Trend forecaster indicator. This single indicator can be used to trade profitably and consistently if the strategy used is disciplined and sticking to its rules. There are certain rules of the Auto Trend forecaster system which should be followed. Rules should not be broken in any circumstances. You should have patient to wait for the right signal.
Regarding the time frame and currency pairs, you can trade on any time frame with any currency pairs. But certain conditions have to be met in order to execute the trade. The condition is that, the market should be trending on the time frame you are using. For example if you are looking to buy EURUSD by analyzing on 15 Min chart then market should be up trending on EURUSD 15 chart. Similarly if you are looking to short USDJPY on H4, then the dominant trend on the USDJPY H4 chart should be down.
SO, Auto Trend forecaster is really a simple trading strategy which consists of only an indicator. When the Auto Trend Forecaster system is correctly loaded on your system then your trading screen should look like this:
Auto Trend forecaster is a custom made indicator which is a kind of moving average that is displayed on the indicator window. The main feature of this indicator is it changes the color as the trend changes. This color changing feature of Auto Trend Forecaster indicator makes us easier to execute your trade in the market. The main idea is to buy when the Auto Trend Forecaster is blue and sell when the indicator is red.
Buying Conditions Using Auto Trend.
– Market should be up trending.
– Wait for the Auto Trend Forecaster indicator to be blue.
– Place your stop just below the recent swing low.
– Take your profit as soon as the Auto Trend Forecaster turns red.
Selling Conditions Using Auto Trend.
– Market should be down trending.
– Wait for the Auto Trend Forecaster indicator to be red.
– Place your stop just above the recent swing high.
– Take your profit as soon as the Auto Trend Forecaster turns blue.
Forex Indicators Download – Instructions
Auto Trend Forecaster Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Auto Trend Forecaster Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
Do the same with template file (.tpl), if there is any, at File/Open Data Folder/templates.
How to install Auto Trend Forecaster Forex Indicator.mq4?
- Download Auto Trend Forecaster Forex Indicator.mq4
- Copy Auto Trend Forecaster Forex Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Auto Trend Forecaster Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Auto Trend Forecaster Forex Indicator.mq4 is available on your Chart
How to remove Auto Trend Forecaster Forex Indicator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Download Metatrader 4 Trading Platform:
- Free $30 To Start Trading Instantly
- No Deposit Required
- Automatically Credited To Your Account
- No Hidden Terms
Click The Link Below To Download: