Trend Mirror Forex Indicator is a very reliable forex trading system. This indicator is tested and performed well in the past. It can be used in any time frame and any currency pairs. This tool works best in a trending market environment. When the market is choppy, it doesn’t perform well. Thus, you should avoid the market which is non-trending.
When you install Trend Mirror in your trading platform, your chart should look like this:
Trend Mirror consists of two oscillators. You can see blue and red oscillators in Trend Mirror indicator. The buying and selling signals are generated by the crossovers of these two oscillators. When the red oscillator crosses above the blue oscillator, it’s a buy signal and when the blue oscillator crosses above the red oscillator, it’s a sell signal.
Buying Conditions Using Trend Mirror.
– Market should be up trending.
– Red oscillator should cross above the blue 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 blue oscillator crosses above the red oscillator.
Selling Conditions Using Trend Mirror.
– Market should be down trending.
– Blue oscillator should cross above the red 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 red oscillator crosses above the blue
Forex Indicators Download – Instructions
Trend Mirror Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Trend Mirror 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 Mirror Forex Indicator.mq4?
- Download Trend Mirror Forex Indicator.mq4
- Copy Trend Mirror 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 Mirror Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Trend Mirror Forex Indicator.mq4 is available on your Chart
How to remove Trend Mirror 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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