Next week you’ll be presented with a game-changing trading tool that will most probably become your one-and-only forex software. Until that, I offer you to look at a very interesting BUY/SELL indicator that according to the developers is capable of giving more than 200 pips profit daily.
Trend striker Extreme is a simple trend following MT4 indicator specifically designed for novice traders. It signals the current trend based on the last 48 candles for the selected time period. It also shows the strength of the trend and spread information in the upper left corner of the chart.
Currency pairs: any, most recommended major
Timeframes: H1 and above
Trend Striker uses a very simple technique to showcase trending market signals. It displays colored vertical lines: blue if the trend is bullish and red if the trend is bearish.
After the installation, your trading chart will appear as the following image:
Basic Trading Signals
Whenever the indicator signals a change in the market trend, you need to look for a candlestick bar that matches the trend signal to confirm the open position.
BUY signal: the Trend Striker indicator lines turn blue. Exit at the opposite signal or at the Take Profit, the size of which can be pre-set in the settings of the indicator.
SELL signal: the Trend Striker indicator lines turn red. Exit at the opposite signal or at the Take Profit, the size of which can be pre-set in the settings of the indicator.
Examples of the trades: