Trend Trading Forex Indicator

Trend Trading Forex Indicator

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This Trend Trading Forex Indicator is solely designed to show the trend of the market. Every trader knows how important a trend is in trading. It is very easy to use just as the name goes.

It one of the very few indicators that will give you one hundred percent profit if used in the right way.

The indicator is made in such a way that the user can only open one trade in any currency pair in a day. This means that you cannot open two trades by the aid of this indicator on the same currency pair in a day. For example if you choose to trade the EURUSD pair, you can only open a buy or a sell order in one day depending on which the indicator tells you to open. But you should note that it is not a must that you open a trade in all the pairs in a day since the indicator may not indicate that there is a preferably tradable trading trend.

This indicator is for use with the MT4 and can be used on any currency pair of your choice. However the most advisable timeframe to use with this indicator is the 30 minutes since it will show a better insight on a one day trade.

Trading using the trend indicator

Opening short trade positions:
The trader should wait for a red down arrow to show up. Then go ahead and draw lines on the maximum and minimum values of the market prices at the point where the arrow appears. You can use a green line on the minimum price values and a red line on the maximum price values. The divide your chart into 30 minutes using maybe yellow horizontal lines. The trader is then supposed to set the sell order at 4-5 pips below the minimum price values and place stop a loss above the red line. After that you can also set the take profit at a level of your choice depending on the profit you are anticipating to get.

Opening Long positon:
This is done if the arrow that appears is green. Then just as in the sell position, go ahead and draw lines on the maximum and minimum values of the market prices at the point where the arrow appears. You can use a green line on the minimum price values and a red line on the maximum price values. The divide your chart into 30 minutes using maybe yellow horizontal lines. The trader is then supposed to set the sell order at 4-5 pips below the minimum price values and place stop a loss above the red line. After that you can also set the take profit at a level of your choice depending on the profit you are anticipating to get.

For the take profit targets, it is good if you set you lever not too far. For example you can target sixteen pips or less. Otherwise you can use the trailing stops.

Forex Indicators Download – Instructions

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

Trend Trading 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 Trading Forex Indicator.mq4?

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

How to remove Trend Trading 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
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Click The Link Below To Download:
Trend

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