Forex Ultimate Trend Signals Indicator - MT4 Enjoy Forex Trading with this awesome Trend Signals Indicator (Ultimate Trend Signals Indicator with BUY/SELL Alerts) (Upgraded for new MT4-Build 600 Platform) This is one of the best Forex Indicator system available for MetaTrader-4 Powered by the most advanced, adaptive, and profitable trading (turning-point detection) algorithms on the market, using RSI, MACD, ADX and Moving Average Strategies. This product will give you everything you need to overcome losses due to human emotions and guide you for profitable forex trading When this Indicator is active on a Chart The Information board gives you the Trend Analysis of M1 to H4 Time Frames : Trend is UP or DOWN, WEAK or STRONG, BULLISH or BEARISH using MACD, RSI and Moving Average Strategies And the BUY/SELL indicators (BLUE and RED spots) shows you when to buy and when to sell using Non-Repaint ADX Crossing Indicator system with Message/Sound and Email Alerts This ADX Crossing Arrow (spots) indicator is a Cyclic indicator which follows: Buy-Sell-Buy-Sell...Sequence In addition to above you can see the Daily Average open Price Line and Central Pivot Line which will be discussed later in this guide. Please be noted that this Indicator works on the Time Frames M1 to D1 only and the history of ADX crossing (Buy/Sell) indicators (Blue and RED spots) can be seen on 500 previous bars only. (These limitations have been adopted to avoid malfunctions of the indicator software) I advise you to study the operation of this indicator in a Demo Account before going to use in a real account. Reselling is not allowed for this Product! (1)
Installation How to Install it in Mt4-Build 600 or higher Platform: 1. Find the Ultimate-Trend-Signals-v1-600.ex4 file in the downloaded files and copy this file. 2. Start your MT4 Forex program and on the Menu Bar and go to... File > Open Data Folder > MQL4 > Indicators folder as described in the picture below. Fig - 01 3. Paste the copied Ultimate-Trend-Signals-v1-600.ex4 file into the "indicators" folder. 4. Close all the opened folders and restart your MT4 Forex program. How to Install it in Mt4-Build 500 or lower Platform: 1. Find the Ultimate-Trend-Signals-v1-500.ex4 file in the downloaded files and copy this file. 2. Then, open the "indicators" folder on your hard disk where MetaTrader 4 software is installed. Example: C:\Program Files\MetaTrader\experts\indicators. 3. Paste the copied Ultimate-Trend-Signals-v1-500.ex4 file into the "indicators" folder. 4. Close all the opened folders and start your MT4 Forex program. (2)
Then, open any chart and import the Ultimate-Trend-Signals-xxx.ex4 (xxx = 500 or 600) into the chart as follows. Go to Navigator section in the chart, then go to Custom Indicators and find the Ultimate-Trend-Signals-v1-xxx.ex4 and double click on it. Then you will get the Indicator property window (shown in the figure down). Tick on Allow DLL imports and then click on OK button. M1-Trend-Signals-xxx Ultimate-Trend-Signals-v1-xxx 1 2 Double click Fig - 02 Now you will see the Indicator Display Board appeared at the Top-Left of the Chart. Then, right-click on the chart and in the Menu go to: Properties > Common and un-tick > Chart on Foreground Then the Indicator Display will be appeared front (foreground) of the chart as shown in the picture below. Then restart the MT4 Platform. Thats all. You have done it! You have to wait for few minutes until the signals are established. This is how it shows on a MT4 Chart Fig - 03 (3)
Indicator Display Board You can see the Trend Analysis, Direction and the Strength of M1 to H4 Time Frames in this Information Display Board Trend Analysis and Levels of M1 to H4 Time Frames Entry Signals to go for Buy or Sell entry Best Conditions to open a BUY or SELL trade Other than these conditions, you can follow the BUY/SELL Signal Indicators on the Chart or you can follow both strategies to make a decision when opening a trade. Most important thing is catching the trend as early as possible at the beginning of the trend. (see Fig-3) (4)
A real Trade Example in Scalping: Here, I just wanted to start a Sell Trade when I saw the RED DOT indicating a Down Trend as well as the Trend Analysis was good. I opened a Sell Trade (1st Entry) with Normal Volume size (0.10). Then I realized it is a strong down-trend (information box signals are all red) and opened another entry (2nd Entry) with increased Volume size (0.50). Then the price bar has dropped up to 1.36298 and while it was moving upwards I closed both the trades not taking any risk. You can see in above picture I have earned $36 on the 2nd trade in 5 minutes. This is called SCALPING, taking big profits in a short time. If I have increased the Lot Size to (1.0), I could have earned $72 on the 2nd trade. But it is very risky. You must assure that the trend is very strong. (5)
Day Trading Opened Sell Trade here Closed the Trade here The picture above shows an example of Day Trading using Buy/Sell Indicator and the Trend Analysis indicator. At (1) there was no trend and I was awaiting for price bars moving for fair amount (at least 10 pips). At (2) I found price bars started to move in fair amount of pips At (3) found a strong Bearish Trend (with a Red dot over the price bar and good bearish Trend information in the Trend Analysis) At (4) I opened a Sell Trade at 1.38325. At (5) I got Alert signal for Buy Entry and observed the trend is reversed, ( Blue dot and bullish Trend Analysis) then I closed the trade at 1.37545. I have earned around 75 pips in this trade in about 11 hours. (6)
The use of Daily Open Line and Central Pivot Line When a price bar meets/passes Daily Open Line or Central Pivot Line it may cause for a reversal and move the price bar opposite direction. You must take care of these situations. Caution! - possible reversal Daily Open Line Caution! - possible reversal Central Pivot Line Some traders use this action in their strategy while trading. There is about 75% chance of getting reversals here. You can try it out too. If a price bar passes the Daily Open Line or the Central Pivot Line by 2-3 pips you are not in a danger of getting reversals and that means the trend is very strong. (7)
How to avoid losses in Forex Trading: Do not use this Indicator in sluggish market conditions. It will give you wrong information. Better to trade between Tuesday and Thursday avoiding Monday and Friday. For Scalping Always use M1 or M5 time frames and the currency pairs having Low Spreads (Ex: EUR/USD). Size of Spreads depends on your Broker. Do not use this Indicator in these conditions 15M Chart Just 6 pips Flat trend Bearish trend Good for trading 5M Chart 28 pips Good for Scalping If you increase the volume size while scalping, do not go for more than 5 pips even if the indicator shows a perfect trend. Or you must be prepared to close the trade at any moment when the price bar moves opposite direction. If you do scalping first find a Broker who allows Scalping. I suggest 5 digit pricing is good for scalping as bar movements can be seen clearly. It shows price bar movements in each 0.1 pips. (8)
Setting of INPUT - DATA You can change the following Data of input signals as you like. 1. Broker Time 2. The position of the indicator display board on the chart 3. Daily Open Line - ON or OFF 4. Central Pivot Line - ON or OFF 5. ADX Arrow indicator turn On or OFF Set the Broker Time Shift Indicator display board ADX Arrow Indicator ON or OFF 350 Your Local Time Broker Time Alert Messages (9)
Important : Along with the quick profits, you can and most likely will come across a couple losses on this magical Forex trading journey! This is why you have to be able to accept these losses. Trading on a small scale can be easier for some. I always suggest that newer traders should really try to trade on a demo account. Get comfortable with trading on a short term scale. I would advise that you should only trade on a live account when you feel 100% comfortable with every trade. Imagine the demo account being your money. Imagine taking a huge loss in real life when you make a mistake. When you feel fully comfortable with everything even after a big loss, then you are ready for anything. Scalp the Forex market with a plan! This is the best way to avoid losses during your adventure. Use that demo account that we talked about earlier to find a suitable set of indicators or oscillators or even both! The demo account allows you to trade in a real time setting while trying out different systems. This can greatly increase your odds of making a good profit. Try every single combination of technical indicators. Do this until you find a pair that you like. Once you find one then you will truly be on your Forex scalping journey. Please make sure that you use my tips. Wish you for Happy Trading! (bizabey) Reselling is not allowed for this Product! Disclaimer: Trading currencies in the FOREX (foreign exchange) market is not for everyone as it involves substantial risk. In addition, emotional factors may influence a person s ability to trade any trading system, including all systems offered on this package. All trading systems and methods, including those offered here, involve the likelihood of periodic reduction of capital, even on winning trades. For this reason anyone trading systems offered here must be prepared to adequately fund his/her trading account to avoid having enforced losses due to broker trade execution resulting from insufficient margin funding. In purchasing or using any system or method offered on this package you agree that any and all use of any offered system or method is solely at your own risk and without any recourse whatsoever to the seller, seller s associates, subsidiaries, agents or partners. You understand that you are using any system offered here entirely at your own risk. (10)