Half Trend Buy Sell Indicator
Platform: MT5 Type: Trend Last update: September 22, 2024The Half Trend Buy Sell Indicator for MT5 is a trend-following and non-repainting forex trading gauge. Its signals are calculated and provided in a totally automatic way and are based on moving averages intersections. It’s a newbie-friendly tool as these signals are presented in the form of simple buy/sell arrows. Nonetheless, signal reliability is really solid. You can use it conjuction with any forex trading strategy.
Closer look on the Half Trend Buy Sell Indicator
The main idea behind that indicator is to provide a simple way of demonstrating market trends and trade signals. In the result, both beginners and advanced traders can take advantage of the tool. Just take a look, how it looks when activated in MT5:
As you can see, it’s just a line with buy/sell arrows to trade accordingly. The arrows are placed in the same place where intersection of moving averages happens. However, one cannot change periods of these moving averages. The following are available customizable inputs:
Buy Signal
Follow these tips for a long trade signal:
- Upward arrow occurs
- Open buy trade after triggering candle close
- Set stop loss a few pips below the most recent market low
- Keep your position open till oppsite signal happens or use your own trade exit strategy
Sell Signal
Follow these tips for a short trade signal:
- Downward arrow occurs
- Open sell trade after triggering candle close
- Set stop loss a few pips above the most recent market high
- Keep your position open till oppsite signal happens or use your own trade exit strategy
