Ehlers CG Forex Trend MT4 Indicator
The Ehlers CG Forex Trend MT4 Indicator is an awesome trend-following indicator with a 70% win rate.
It provides you trend direction and the exact entry and exit levels with the help of two colored signal lines.
Just load the Ehlers CG Forex Trend indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A buy trend occurs when the red Ehlers CG signal line is positioned above the blue signal line.
- A sell trend occurs when the blue Ehlers CG signal line is positioned above the red signal line.
- Easy to follow trend system that works.
- Utilize for scalping, day trading and swing trading.
Feel free to explore the Ehlers CG Forex Trend indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (USD/CHF H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Ehlers CG Forex Trend MT4 Indicator
Buy Signal: Open a buy trade whenever the red Ehlers signal line crosses the blue signal line upward.
Set your stop loss 3 pips below support, or use your own favorite stop loss method.
Close the buy trade when a valid sell signal arrives on the chart, or use your own favorite take profit method.
Alternatively, close the buy trade for a reward/risk ratio of 1.5 or more.
Sell Signal: Open a sell trade whenever the blue Ehlers signal line crosses the red signal line upward.
Set your stop loss 3 pips above resistance, or use your own favorite stop loss method.
Close the sell trade when a valid buy signal arrives on the chart, or use your own favorite take profit method.
Alternatively, close the sell trade for a reward/risk ratio of 1.5 or more.
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Length, colors, width, style.
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.