100% Accurate Alfa Trend Forex Indicator Free Download
Platform: MT4 Type: Scalping Last update: September 21, 2024The 100% Accurate Alfa Trend indicator is a premium forex trading indicator delivering on-the-spot buy and sell signals. The performance and accuracy of this indicator hover at a crazy 80-100% making this one a must-have tool for serious traders.
A simplified trading rules with the Alfa Trend Indicator are:
- A blue upward pointing arrow pops up fairly below the candlesticks indicates the start of an uptrend.
- A red downward pointing arrow pops up fairly above the candlesticks indicates the start of a downtrend.
The indicator is displayed directly on the main trading chart in the form of arrows. It fits all kinds of timeframes and currency pairs. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences. As always, you should remember about proper money management. Don’t forget to check if market conditions are propitious (to check if spread is reasonable you can use that mt4 spread indicator).
Anatomy of the Alfa Trend Indicator
The screenshot below represents the core of the Alfa Trend Indicator, namely blue and red arrows:
Buy Signal
Follow these steps for a long trade:
- Blue upward arrow occurs
- Price makes a bullish pattern or move
- Optionally you can confirm entry with another filter
- Set stop loss a few pips below the most recent market low point
- Take profit when the red arrow occours
Sometimes you will meet multiple buy signals in a row.
Sell Signal
Follow these steps for a short trade:
- Red downward arrow occurs
- Price makes a bearish pattern or move
- Optionally you can confirm entry with another filter
- Set stop loss a few pips above the most recent market high point
- Take profit when the blue arrow occours
Sometimes you will meet multiple sell signals in a row.
