The Fisherkus Star Forex Trend MT4 indicator is a popular trend-following indicator that works out of the box.
It appears in a separate trading window in the form of colored star signals that forecast the trend.
It also includes a digital filter for better trend trading.
Utilize as a standalone trend indicator or use together with a trading oscillator for sniper accurate trade entry and exit.
The buy and sell trading rules are very simple and no further analysis required from your part.
Just load the Fisherkus Star Forex Trend indicator onto the Metatrader 4 chart and start trading with it in minutes.
- Trend-following indicator that works.
- Nice layout with star signals.
- Does not repaint, 100% guaranteed.
- Can be used as a standalone buy/sell trend indicator.
Feel free to explore the Fisherkus Star Forex Trend indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD M5 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 Fisherkus Star Forex Trend MT4 Indicator
Buy Signal: Execute a buy trade when the Fisherkus star signals turn back to blue above the 0.00 level.
Set your stop loss 3 pips below support or consolidation area, or use your own favorite stop loss strategy.
Close the buy trade when the Fisherkus star signals turn back below the 0.00 level.
Alternatively, exit the buy trade for a fixed profit target of your preference.
Sell Signal: Execute a sell trade when the Fisherkus star signals turn back to red below the 0.00 level.
Set your stop loss 3 pips above resistance or consolidation area, or use your own favorite stop loss strategy.
Close the sell trade when the Fisherkus star signals turn back above the 0.00 level.
Alternatively, exit the sell trade for a fixed profit target of your preference.
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Range periods, price smoothing, index smoothing, draw type, draw size, colors, width, style.
More Info About This Indicator
Recommended Currency Pairs: any
Trading Platform: MT4
Time Frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend-following
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.