Forex Trend Detector Metatrader 4 Indicator
The Forex Trend Detector for MT4 is a very popular stop and reverse trend trading indicator that works out of the box.
It’s a complete trading system, no other indicators or price action methods needed to trade with it.
For scalping and day trading, use the system during the London and US trading sessions for maximum performance.
For swing trading, use it 24/7.
- A green arrow represents a buy trade.
- A yellow arrow represents a sell trade.
- It’s a stop and reverse trading system.
- Many traders love with the Forex Trend Detector.
- Easy to trade with, even for beginner traders.
Read below how to open buy and sell trades with the Forex Trend Detector MT4 indicator.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
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Forex Trend Detector Indicator Chart
Here’s an example (GBP/USD M15 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 Forex Trend Detector Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy trade when the green Forex Trend Detector arrow appears on the chart.
Place initial stop loss below the green arrow, or use your own favorite SL method. Trail your stop loss up just below the green dotted line.
Close the buy trade when a yellow sell arrow appears on the chart.
Alternatively, exit the buy trade for a reward/risk ratio of 1.3 or higher, or use your own take profit strategy.
Sell Trigger: Open a sell trade when the yellow Forex Trend Detector arrow appears on the chart.
Place initial stop loss above the yellow arrow, or use your own favorite SL method. Trail your stop loss down just above the yellow dotted line.
Close the sell trade when a green buy arrow appears on the chart.
Alternatively, exit the sell trade for a reward/risk ratio of 1.3 or higher, or use your own take profit strategy.
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Length, deviation, money risk, signal, 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,…)
- 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.