What Is the Half Trend Buy
Sell Trend Indicator For
The MT4 Half Trend Buy Sell indicator is a viral indicator, widely used in trading strategies and its trading signals are shown straight on the main trading chart in the form of up or down arrows.
The Half Trend Buy Sell indicator is a trading instrument designed both for the binary options and the forex market.
This indicator fits all types of timeframes and currency pairs, but for binary options, you should focus on M15-H1 timeframes.
It’s pretty easy to use this indicator: open long trade after the blue upward arrow appears (long option) or open short trade after the red downward arrow appears (short option).
The default indicator settings can be changed straight from the input tab. Don’t hesitate to test the settings and parameters to your own preferences.
Example Of EURAUD H1
The below print screen shows Half Trend Buy Sell Indicator in Action
As you can see in the example above, the MT4 Half Trend Buy Sell Indicator offers very accurate signals. According to the name of this MT4 forex indicator, when the market conditions are favorable, you can make massive profits using this instrument.
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Trading Rules Clarification
Trading signals provided by the Half Trend Buy Sell Indicator are truly intuitive and will not cause you problems. Simply track the recommendations below.
Enter long trade when the Half Trend Buy Sell Indicator shows an upward arrow. You can furthermore confirm the position, with bullish candlestick patterns and price action. Set your stop-loss a few pips below the last swing low.
Enter short trade when the Half Trend Buy Sell Indicator shows a downward arrow. You can furthermore confirm that, with bearish candlestick patterns and price action. Set your stop-loss a few pips above the last swing high.
Exit Trade/Take Profit:
Close your open trade when the reverse signal arises, or use your own favorite method of trade exit.
As you may know, to achieve the best results in trading, remember about the right money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is vital to know when to trade and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, and so on.
Half Trend Buy Sell
Indicator Installation Guide
Copy and paste the Half Trend Buy Sell Indicator.mq4 or Half Trend Buy Sell Indicator.ex4 indicator files into the MQL4 folder of the Meta Trader 4 trading platform.
You can get access your MT4 MQL4 folder by clicking the left top MT4 menu options, as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
On the left side of your MT4 terminal, in the Navigator find the indicator name, right-click it and select Attach to the chart, or just drag and drop it to the chart.
Just like any other technical analysis tool, Half Trend Buy Sell Indicator is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system around it.
Email me at firstname.lastname@example.org if you need the MQL4 source file of the Half Trend Buy Sell Indicator