Every trader knows how strong a trend is in trading. This is why the trend indicator was introduced. It is solely designed to show the market trend of the market. It is straightforward to use, just as the title goes.

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

This forex indicator is made so that the user can only open one trade in any mt4 currency pair in a day. This means that you cannot open two market trades with the aid of this forex indicator on the same mt4 currency pair in a day. as an example, if you choose to trade the forex EURUSD pair, you can only open a buy entry or a sell order in one day, depending on which indicator tells you to enter. But you should make sure that it is not a must that you place a trade in all the mt4 pairs in a day since this forex indicator may not indicate that there is a preferably every tradable trading trend.

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

Trading using the Forex trend indicator

fxcracked.com Trend-Indicator
  1. Opening short trades :

The trader should wait for a red color down arrow to show up. Then go and draw lines on the max and min values of the forex market prices at the point where the color arrow appears. You can use a green color line on the min price values and a red line on the maximum price values. Divide your mt4 chart into 30 minutes using maybe yellow color horizontal lines. The forex trader is then supposed to set the sell order at 4-5 pips below the minimum price values and stop a loss above the red color line. After that, you can also put the take profit(TP) at a level of your choice depending on your anticipated profit.

  1. Opening Long position:

This is done if the color arrow that appears is green color. Then just as in the sell entry position, go ahead and draw lines on the max and min values of the forex market prices at the point where the arrow appears. You can use a green color line on the minimum price values and a red line on the maximum price values. Divide your mt4 chart into 30 minutes using maybe yellow color horizontal lines. The forex trader is then supposed to set the sell entry order at 4-5 pips below the minimum price values and stop a loss above the red color line. After that, you can also put the take profit(TP) at a level of your choice depending on your anticipated profit.

It is good for the take profit targets to set your lever not too far. For example, you can set a target of sixteen pips or less. Otherwise, you can use the trailing stops.

Read More: WATL Trend Lines Forex Indicator Free Download

Trend Forex Indicator Free Download

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