Master the trend with Moving Average Crossovers and ADX. The actual source of forex alerts mt4 said that is unknown but the statement remains to be the Holy Grail of the most successful traders.
The Smart Display can now be switched ON and OFF in the indicator’s settings. Recognize strong trends and capture bigger market moves. This video is almost 3 minutes long and shows 45 minutes of real time trading. It was recorded on EURUSD M1 chart for illustration purposes.
Trading H1, H4, D1 is recommended. The MT4 Trend Indicator will help you to see trends formed by moving averages and their crossovers. Using ten indicators at once is often confusing and counter-productive. Following trends is where the big money is in Forex but trading them is a real challenge for most traders. This is where the MT4 trend indicator will come in handy. The Smart Display will also give you immediate insights into current trends and candle direction on upper time frames. Thus making the following of major trends even easier.
The UP and DOWN signals will notify you of each new trading setup as defined in the indicator’s settings. Once the trend indicator is installed and running you will be able to receive free trading alerts continuously without any monthly fees. You will no longer need to stay glued to your monitor screen for hours waiting for a favorable setup. Use H1, H4, D1 charts for greater accuracy of the signals and to capture bigger market moves. The truth is that for most Forex traders more trades don’t always translate into bigger winnings. One to two good trades a week is all you really need to succeed.
Once you receive a signal we recommend taking a look at your charts and confirming it with price action patterns. Signals can be sent directly to your mobile and email. The email alerts, as well as other notifications can be switched ON or OFF in the indicator settings. The trading signals can also be delivered to your mobile via a push notification. In order for this to work you will need to install the Meta Trader 4 App on your mobile.
Push notifications are sent almost instantaneously and because of that they are much faster than email. It will easily run on multiple charts. Although our trend indicator is quite a comprehensive tool it is still very lightweight because it was programmed from the ground up to be extremely fast and responsive. Not only will it run on multiple charts but it can also run with different settings on each chart.
Completely transparent system to help the trader. There are many custom Forex indicators out there that hide certain information from users. For example, some indicators will generate buy and sell arrows on MA lines crossovers but they will hide the Moving Averages and only show the arrows. DOWN arrows are visible on the chart.
However, we feel a trader should always be well informed and seeing the layout of the MA lines helps in determining the structure of a trend. Technical explanation of how the trend indicator is built. Please note that all default settings can be modified by the user. When the fast MA is above the slow MA the indicator will point to an Uptrend, which is marked in green on the Smart Display. When the fast MA is below the slow MA, the indicator will show a Downtrend, which is marked in red.
Moving average crossover signals are good indicators of changing trends but they perform best when markets are trending, not when markets are consolidating and contracting. Generally it is accepted that when the ADX level is above the value of 25 there is a considerable price movement which points to a presence of a trend. The default ADX filter threshold for the arrows and the signals is set at 25. No signals will be generated if the ADX level is below the set threshold. On the Trend Power bar visible in the Smart Display all red bars represent values below 25. The first green bar is a value above 25. Naturally, more green bars indicate higher ADX value which suggests a stronger trend.
The trend on the upper time frame is calculated using the exact same settings. In some instances confirmation of the trend on higher time frames can save you from potentially trading against a predominant trend. H4, will also have to be bullish. In addition to the signals’ filter in the indicator settings, one can also reference the direction of the trend on 2 upper time frames by looking at the Smart Display.
Here is a breakdown of all the available settings and options with a brief explanation for each. If all those settings above frighten you please don’t worry. Settings can be modified to reflect your trading strategy. Here is a quick look at fully automated results. The indicator was backtested on Meta Trader 4 within an expert advisor to see how it performs.