The Price Action Trend MT4 indicator can be used as a trading system in and on itself as it will provide you with tradable Buy and Sell signals. Learning how to trade can be a long process that requires time and effort and that’s the sole reason why novice traders need extra help and by using the Price Action Trend MT4 indicator the process of learning how to trade can be much easier and less painful. This new advanced indicator generates high-quality trades and all you need to do is to follow the arrows on the chart.
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The Price Action Trend MT4 indicator is a supplement indicator for the Alpha Trend Spotter Indicator and is suitable more for the 5-minute time frames, but it can be used up to the 1-hour time frame. Not only that it’s designed for the scalper traders, but it can also be used to trade 5-minutes Binary Options. Many of the Forex indicators that you can find on your MT4 platform are lagging indicators that can’t be used to predict future price movements, but the Price Action Trend MT4 indicator is a leading indicator based on price action alone.
A leading indicator will warn you in advance of any possible reversal in price well before the price has really changed direction and that’s the reason why the Price Action Trend MT4 indicator can generate Buy and Sell signals with very high efficiency. Reading the indicator is quite easy: when we have a green arrow that’s a signal to buy, while when the Price Action Trend MT4 indicator generates a red arrow that’s a signal to sell (see below).
Price Action Trend MT4 Indicator Trading Rules
There are various ways in which the Price Action Trend MT4 indicator can be used because this indicator will only tell you when to buy or when to sell, but it will not tell you where to put your protective stop loss or when to take the profits and in this regard in order to take advantage of its Buy and Sell signals it can be used in combination with key support and resistance levels where you can hide your stop loss or take profits.
Without further ado, here are the simple rules when trading with the Price Action Trend MT4 indicator:
- Time Frame: 5-minute TF, ideally 1h;
- Currency Pair: Any;
- Buy Signal: Buy at green arrow using a protective stop loss 10 pips below the most recent swing low and take profit once the Price Action Trend MT4 indicator generates a red arrow;
- Sell Signal: Sell at red arrow using a protective stop loss 10 pips above the most recent swing high and take profit once the Price Action Trend MT4 indicator generates a green arrow;
Price Action Trend MT4 Indicator Trading Rules
As a leading indicator the Price Action Trend MT4 indicator does indeed a really good job in providing very reliable Buy and Sell signals and as the above chart shows, 4 out of the last 5 signals generated by the Price Action Trend MT4 indicator on the 1-hour EUR/USD chart were winning trades which amounts to an 80% winning rate.
Time Frames
Technically speaking, you can use this 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.
How to Trade with Price Action
How to Trade with Price Action
Price Action Trend MT4 Indicator Download
We have provided this powerful trend trading indicator to you at no cost. We humbly request for your help to spread the word by sharing on one of the social platforms below. To unlock the download link, you just need to share this page to help us achieve our goal of helping more traders out there.
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Leave us a comment below to let us know your thoughts on this indicator. If you like this indicator, you might like see other indicators that we have carefully selected that will help you in your trading journey.
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