The BDPC Percent Trend Forex indicator is very effective for currency trading and seeks profitable trend direction based on percentages and period.
You can trade the major and minor currency pairs with it.
Based on the period and percentages, the BDPC displays easy to trade buy and sell arrows on the chart together with a purple trend line for double trade entry confirmation.
- Price above the purple trend line suggests a bullish trend.
- Price below the purple trend line suggests a bearish trend.
- A blue BDPC arrow represents a buy trade entry signal.
- A red BDPC arrow represents a sell trade entry signal.
Read below how to open buy and sell trades with the BDPC Percent Trend Forex MT4 indicator.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
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BDPC Percent Trend MT4 Forex Indicator Chart
Here’s an example (EUR/AUD H4 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The BDPC Percent Trend Forex Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Buy the currency pair when price is positioned above the purple BDPC percent line and a blue arrow pops up on the chart.
Place initial stop loss 2 pips below support or use your own favorite SL method.
Close the buy trade for a reward/risk ratio of 1.5 or higher, or use your own take profit strategy.
Alternatively, close the buy trade for a fixed TP, for example +30 pips on the M15 intraday chart.
Sell Trigger: Sell the currency pair when price is positioned below the purple BDPC percent line and a red arrow pops up on the chart.
Place initial stop loss 2 pips above resistance or use your own favorite SL method.
Close the sell trade for a reward/risk ratio of 1.5 or higher, or use your own take profit strategy.
Alternatively, close the buy trade for a fixed TP, for example +12 pips on the M1 scalping chart.
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Percent, maximum period, color, width, style.
The indicator can be deployed as a standalone trading system or strategy.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, DeMarker,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI, Parabolic SAR,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.