Free Download for the Powerful Double Trend Profit Indicator
The Double Trend Profit Indicator is a very powerful trading system that can be used independently and requires no trading experience whatsoever. This is a trend following system that is composed of two simple moving averages and which will generate buy and sell signals quite reliably when applied to the longer term charts.. The Double Trend Profit Indicator is a non-directional strategy that takes advantage from both sides of the market be it a bullish or bearish trend. The main idea behind this strategy is that you don’t have to forecast what the trend would be, all you have to do is to simply wait for the Double Trend Profit Indicator to signal a shift in the trend and simply ride it until the indicator will say the trend is over.
Below, we highlighted the Double Trend Profit Indicator, which is a superior indicator because it gives you a better visual indication of what the current trend is and you can see right away when the two moving-average crossover occurs.
Usually, when we’re dealing with a crossover trading strategy a buy or a sell signal is only generated when the two moving averages cross each other; however the Double Trend Profit Indicator attempts to predict in advance when a crossover will happen.
When the faster moving average changes color from blue to white it’s an indication that sooner rather than later the faster moving average will cross below the slow moving average and a new bearish trend will emerge in which case we’re looking to sell. Once the crossover happens the slower moving average will change color from purple to red. When the faster moving average changes color from white to blue it’s an indication that sooner rather than later the faster moving average will cross above the slow moving average and a new bullish trend will emerge in which case we’re looking to buy. Once the crossover happens the slower moving average will change color from red to purple.
The Double Trend Profit Indicator Settings
The preferred settings for the Double Trend Profit Indicator are as follows: for the SignalPeriod1 we’re going to use a period of 18 which will be the slow moving average while for the SignalPeriod2 we’re going to use a period of 8 which will be the fastest moving average.
The other settings available are the aTake_Profit which is preferred to be 100 pips and the aStop_Loss which is preferred to be 50 pips. The EmailOn variable will send you an email whenever a buy/sell signal is generated while the aAlerts variable, if selected true, it will popup a message box with the buy/sell signal the same like below.
Double Trend Profit Strategy and Trading Rules
You can either trade directly from the buy/sell signal generated by the Double Trend Profit indicator or alternatively you can trade based on this simple swing trading strategy based on the Double Trend Profit Indicator. To make sure that our strategy has a higher success rate, we’re only going to trade off of the Daily chart. Without further ado, these are the trading rules of the Double Trend Profit Strategy:
- Buy Signal: After the 8 moving average crosses from below and above the 18 moving average wait until the 8 MA changes the color to blue and the 18 MA changes color to purple before buying using a protective stop loss of 150 pips and take profit once the two moving averages crossed in the opposite direction.
- Sell Signal: After the 8 moving average crosses from above and below the 18 moving average wait until the 8 MA changes the color to white and the 18 MA changes color to red before selling using a protective stop loss of 150 pips and take profit once the two moving averages crossed in the opposite direction.
In the chart below, we have the EUR/USD daily chart where we have highlighted all possible trade setups based on the Double Trend Profit strategy. We can notice that the strategy has a positive asymmetrical risk to reward ratio and even though we are using a larger stop loss the strategy yields bigger profits.
Double Trend Profit Indicator – Recommended Time Frames
Technically speaking, you can use this MT4 indicator for all time frames. However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly. We recommend that you use higher time frames like the 4H for better consistency.
Double Trend Profit Indicator Download
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