Every trader knows how important a trend is in trading. This is the reason as to why the trend indicator was introduced is.it is solely designed to show the trend of the market. 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.
The 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.
- 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.
Good luck.
Trend-Indicator . rar
Source : forexobroker.com
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