Trend Lord Indicator for MT4 | Free Download
The Trend Lord Indicator is one which overlays on the price chart.
It signals the trends in the price action by means of a histogram that plots the values above or below the price.
Subsequently, the uptrend and downtrend are signaled based on where this Indicatorplots.
At first glance, the Trend Lord Indicator might seem like a moving average-based indicator, which it is but it’s more than just a moving average indicator.
When to go Long using the Trend lord indicator?
The long signal is generated when price breaks past the previous downtrend.
This results in the Trend Lord Indicatorplotting the bullish bars.
Once this happens, wait for the first candlestick to close and then go long.
When to exit your long positions?
When the trend is strong, it is best to continue trailing the trend.
Eventually, you will get stopped out at some point, which is where you will book profits.
Another option is to use a fixed risk to reward ratio set up as well.
When to go short using the Trend lord indicator?
Prepare for a short position when the price is breaking the trend lord indicator.
When this happens, the Indicator turns to red.
After the first candlestick is closed, take a short position on the next candlestick’s open.
When to Exit Your Short positions?
Similar to long positions, you can trail your stops along with the trend lord indicator.
Simply set your stops a few points above the values to get the maximum benefit of a strong trend.
Alternately, use a fixed risk to reward ratio.
Where to set the stop loss using the Trend lord indicator
Set your stop loss at the nearest swing high or swing low points, depending on whether you are going long or short.
Simply look to the left side of the chart to identify these points and once price moves in your favor, move your stops to break-even position.
The Trend Lord Indicator is very useful in capturing trends in the market.
This is a great way to ride the trend and also to make some big profits.
However, the key is in avoiding the ranging markets, where this Indicator does not work so well.
Therefore, it is best to use other indicators along with the Trend Lord Indicatorto filter out only the strongest signals.
How to Increase Your Winning Ratio with the Trend Lord Indicator?
When you add the Stochastic Cross Alert Indicator and use it together with a proven trend trading system like the Elite Swing Trader or Simple Trend Trading System, you can only expect to achieve a better win ratio and better risk-reward ratio.
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 H4 or even higher for better consistency.
How to Install Custom Indicators on MT4 on Windows
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