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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. 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 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 pips below the minimum price values and stop a loss above the red color line.
A simple moving average for 20 periods is plotted along with a line chart. If the slope of the band is up then traders should do only long trades and if the slope of bands is down then short trades are more beneficial to do. Traders can take entry when price give pullback at those moving average and form aby candle pattern. Trend Trading: Buy Conditions Price should give breakout from moving average band. The slope of bands should be rising.
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