The EW Easy Forex Trend indicator for Metatrader 4 is a simple to use, yet profitable trend following indicator that consists of a blue trigger signal line.
The EW Forex trend indicator can be traded as a standalone tool or combined with price action.
It’s extremely simple to trade with this indicator, even if you are an absolute beginner.
Just load the EW Easy Forex Trend indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A blue EW Forex trend signal line above the 0.00 level triggers a buy trade.
- A blue EW Forex trend signal line below the 0.00 level triggers a sell trade.
- Does not repaint any signals.
- Utilize for scalping, day trading and swing trading.
Feel free to explore the EW Easy Forex Trend indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD H4 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 EW Easy Forex Trend MT4 Indicator
Buy Signal: Go long when the blue EW Forex trend trigger line jumps back above the zero level from below.
Place your stop loss 1 pip below the previous swing low (support), or use your own favorite stop loss method.
Close the buy trade whenever an opposite signal gets printed on the MT4 chart.
Alternatively, exit the buy trade for a fixed reward/risk ratio of 1.5 or better.
Sell Signal: Go short when the blue EW Forex trend trigger line jumps back below the zero level from above.
Place your stop loss 1 pip above the previous swing high (resistance), or use your own favorite stop loss method.
Close the sell trade whenever an opposite signal gets printed on the MT4 chart.
Alternatively, exit the sell trade for a fixed reward/risk ratio of 1.5 or better.
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Period, trigger, 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.