Trend Continuation Factor 2 Forex Indicator

Trend Continuation Factor 2 Forex Indicator

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The Trend Continuation Factor 2 Forex Indicator is an oscillator based technical indicator. It is a highly profitable and is best in trending market. This indicator should not be used in sideways market. It is a very dynamic forex trading indicator and can be used to trade any currency pairs and any time frame. It will generate good results only when one follows the rules of the system very strictly. This indicator is for the serous traders only.

When you install this indicator in your trading platform, your chart should look like this:

The indicator consists of two oscillators; red and blue. The crossovers of blue and red oscillators generate trading signals. When the blue oscillator is above the red oscillator, it’s a buy signal. And when the red oscillator is above the blue oscillator, it’s a sell signal. Following the trend is the main trick of the indicator. If you are against the trend, you are likely to lose.

Buying Conditions Using Trend Continuation Factor 2.

– Market should be up trending.
– Market should be bouncing from the recent swing low.
– Blue oscillator of the trend continuation indicator should cross above the red oscillator.
– Place your long position as soon as above conditions are met.
– Place your stop loss just below the recent swing low.
– Take your profit when the blue oscillator crosses below the red oscillator.

Selling Conditions Using Trend Continuation Factor 2.

– Market should be down trending.
– Market should be falling from the recent swing high.
– Red oscillator of the trend continuation indicator should cross above the blue oscillator.
– Place your short position as soon as above conditions are met.
– Place your stop loss just above the recent swing high.
– Take your profit when the blue oscillator crosses above the red oscillator.

Forex Indicators Download – Instructions

Trend Continuation Factor 2 Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

Trend Continuation Factor 2 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 Trend Continuation Factor 2 Forex Indicator.mq4?

  • Download Trend Continuation Factor 2 Forex Indicator.mq4
  • Copy Trend Continuation Factor 2 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 Trend Continuation Factor 2 Forex Indicator.mq4
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Trend Continuation Factor 2 Forex Indicator.mq4 is available on your Chart

How to remove Trend Continuation Factor 2 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

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Click The Link Below To Download:
Continuation Factor 2

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