The Forex Trend Manager indicator for Metatrader 4 is a free powerful buy/sell trading system that can be used by any currency trader.
The indicator appears in the main MT4 chart window and draws blue and red clouds on the screen.
Forex Trend Manager can be used by both beginners and seasoned traders and is non-repaint.
Buy & sell signal:
- Open a long trade when the blue cloud appears on the chart.
- Open a short trade when the red cloud appears on the chart.
The indicator can be used for both trade entry and exit or as an additional technical signals indicator that works together with your own favorite trading strategy or system.
Indicator Example Chart (EUR/USD H1)
The example chart below displays the Forex Trend Manager mt4 indicator in action on the trading chart.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown above.
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with this powerful indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Signals
Does the indicator repaint? No.
How to install this indicator on Metatrader 4?
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.