The Forex OFF Trend MT4 indicator represents a great trend-following crossover system with reduced time lag.
It reacts faster to recent price changes and gets you in the trend more quickly.
The indicator consists of two signal lines that cross each other.
Each crossover represents a buy or sell trade opportunity.
Utilize as a stand alone Forex trading system or combine with other technical indicators or with price action.
Just load the Forex OFF Trend indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- A simple to follow trading system.
- Works well for beginners.
- Works for scalping, day trading and swing trading.
- Reduced time lag.
- No-repaint system indicator.
Feel free to explore the Forex OFF Trend indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “ForexOFFTrend.ex4” Metatrader 4 indicator
Indicator Chart (GBP/JPY 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 Forex OFF Trend MT4 Indicator
Buy Signal: Open a long position when the red Forex OFF Trend signal line crosses above the blue signal line from below.
Set your stop loss 5 pips below short-term support, or use your own favorite stop loss strategy.
Exit the buy trade for fixed profit target or wait until you get an opposite sell signal.
Sell Signal: Open a short position when the red Forex OFF Trend signal line crosses below the blue signal line from above.
Set your stop loss 5 pips above short-term resistance, or use your own favorite stop loss strategy.
Exit the sell trade for a fixed profit target or wait until you get an opposite sell signal.
Download This Forex Indicator Now
Download the “ForexOFFTrend.ex4” MT4 indicator
Adjustable Parameters
Count bars, SSP, K min, K max, 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
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
