The Super Forex Trend indicator for MT4 is an amazing trend cloud based buy and sell signals indicator.
It also uses an additional trend filter, the orange colored moving average line (see chart).
The filter allow the indicator to work great in both trending and sideways environments.
- A blue arrow represents a buy trade opportunity.
- A red arrow represent a sell trade opportunity.
For scalping and day trading, it’s recommended to deploy the indicator during the London and U.S. trading sessions for best performance.
Indicator Example Chart (EUR/JPY Daily)
How to trade with it (example)?
Open a buy position whenever the blue colored trend cloud arrow appears on the chart and price is trading above the orange moving average line.
Open a sell position whenever the red colored trend cloud arrow appears on the chart and price is trading below the orange moving average line.
Exit the trade for a fixed profit target or for a reward to risk ratio of 1.5 or better.
Feel free to use your own favorite trading method to open and close trades with the Super Forex Trend indicator.
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Fast, middle, slow, slowest, show arrows, show histogram, show alert, bars count, color settings & style
Indicator type: trend scalper
Repaint? Does not repaint the colored buy and sell scalping arrows.
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 7-21-55-h2.ex4 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.