Trend
Indicator is
very simple and at the same time profitable indicator not repainting. According
to this indicator signals we will open only one position per day for one
currency pair. But the open position will not immediately as appear an arrow of
Trend indicator, and when to do some action. More on that later.
Characteristics
of Trend Indicator
- Platform: Metatrader4
- Currency pairs: Any
- Trading Time: One trade a day
- Timeframe: M30
Rules of
trade by Trend Indicator
Short
trade:
1.
Red
arrow down.
2.
Draw
lines on the maximum and minimum values of the prices (red horizontal line) in
the time interval between 0: 00-03: 30 (GMT +3) (vertical yellow dotted lines).
3.
Set
the Pending Order Sell Stop on 5 pips below the red line the minimum price
(green horizontal line).
4.
Stop
Loss set at 1 pip above the upper red line maximum price.
Example
Short trade:
Long
trade:
1.
Green
arrow up.
2.
Draw
lines on the maximum and minimum values of the prices (red horizontal line) in
the time interval between 0: 00-03: 30 (GMT +3) (vertical yellow dotted lines).
3.
Set
the Pending Order Buy Stop on 5 pips above the red line the maximum price
(green horizontal line).
4.
Stop
Loss set at 1 pip below the lower red line minimum price.
Example Long
trade:
The author
recommends the use of a fixed Profit Target of 16 pips, but sometimes it is
very premature exit from the position. Therefore it is better to use a trailing
stop.
Some more
features of trade by Trend indicator provided in the manual of the author,
which can be downloaded below.
trend .rar
