EasyTrendFollower

Trend following indicator for MT4

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Download the demo version and run it in the MT4 Strategy Tester.

Trend following indicator for Forex and Commodities

Trend direction indicator mt4 that offers instant trend signals for Forex and Commodities. It shows two different arrows in a chart, blue is signaling a bullish trend and red is signaling a bearish trend. EasyTrendFollower is a trend following strategy very powerful at detecting and tracking the trend while effectively filtering small price movements that represent intermediate corrections but without threatening the underlying trend.

Features

  • The indicator does not repaint and works on any timeframe and symbol.
  • The indicator is suitable for scalping and intraday trading.
  • Real-time alerts system, push alerts, email alerts, and visual on-screen alerts.

Parameters

  • Bars - Number of bars for the indicator calculation.
  • Deviation - The strength of volatility (TO INCREASE FOR THE MOST VOLATILE CURRENCY PAIRS).
  • Sound Alert - Message box alerts.
  • Email Alert - Email alerts.
  • Mobile Alert - Mobile phone alerts.
  • Enable Dashboard - Display the information panel on the screen.

Recommendations on usage

The blue arrow can be used for opening a buy trade. Vice versa for short trades. It is not recommended to open a trade at every arrow. It is advisable to trade using a multi-timeframe to determine the trend direction in the longer term and focus ONLY on signals that move in that direction. The idea is to use a "positioning time unit" (the shortest), and a "trend definition time unit" (the longest). We, therefore, recommend the following couples: 4 hours (recommended )
1 minute and 15 minutes (Scalping)
5 minutes and 1 hour
15 minutes and 4 hours

Trend following - Trend trading

Trend following strategy or trend trading is a simple trading strategy that has proven itself for decades.

Trend indicator mt4

Best forex trend indicator, trend trading strategies, forex trend indicators