Looking for a perfect indicator but have very little time to trade? I believe I have an excellent tool for you – Today Trend Signal Indicator!
At the beginning of the trading day, this MT4 indicator will give you one trading signal. Based on its market analysis, today’s trend will give you either a buy or sell signal.
- A blue arrow represents a buy signal.
- A red arrow represents a sell signal.
In brief, every morning you will need to check the chart once and the indicator will provide you with a buy or sell signal. No additional trading signals won’t pop up until the next day.
Some examples of the signals:
Basic Trading Signals
Signals from the Today Trend Signal MT4 indicator are easy to interpret and go as follows:
Buy Signal: Open buy order when the Today Trend Signal forex indicator displays a blue arrow on the activity chart. This is a buy signal. Place a stop-loss below the most recent swing low level.
Sell Signal: Open sell order when the Today Trend Signal forex indicator displays a red arrow on the activity chart. This is a sell signal. Place a stop-loss above the most recent swing high level.
The default take profit level is set to 30 but can be changed to whatever TP target you need.
P.S. Have problems with installation? Send me an email at olivermurphy@altraforex.com or support@altraforex.com
I would love to help!
I look forward to testing this Oliver.
Dear Vincent
Thank you for leaving a comment!
oliver Hi,
Yes i like the strategy very much but perhaps your could clarify its operation for me,
The green and red linesabove and below the signals, The green one presumably is the 30 point take profit target and the red one,
is presumably the what you call “stop/reverse” line. Does this mean that if trade goes the wrong way that when market reaches this line it will be 30 points loss rnd then we should reverse the trade to the opposite direction in order to recover the loss and possibly go into profit? Also I notice that particularly on the daily signals that if you hover over some of the blue signals that although they should be long , they are showing go short. Does the signal change before or after taking a loss on the trade or is it just a change of concept after the initial selection of direction?
Finally what is the stop loss figure set to and can it be changed and where?
Dear Ray
Thank you for your question!
For BUY trades place a stop-loss below the most recent swing low level
and for the SELL trades place a stop-loss above the most recent swing high level.
Sir , good morning Please send me your MT 4 ” Trend Signal indicator” link . Thanks .
Dear Jagannath
Please email me at olivermurphy@altraforex.com,
I will send you the ex4 file directly
Can I sue this on the US indexes/equities? If so, what platform can I use it on?
Dear Ron
Thank you for your questions!
Yes, you can use it on indexes/equities, the platform is MT4
The file is downloaded as “crdownload file”
The pathetic Windows computer doesn’t know what to do with it.
Why not send it as a “compressed” file or ex.4?
I’m glad you’ve managed to download the file.
In order to prevent the issue in the future
please do not download the files via Google Chrome, use any other browser.
Happy trading!
THANK YOU WILL TEST…
WHAT TIME FRAME?
I use this indicator on H1 timeframe