Introduction to the Linear Regression Dual Signals Indicator
The Linear Regression Dual Signals indicator works like an improved version of the moving average indicator. It was actually developed to perform much faster at recognizing the market trends.
The main signal line changes its color according to the bullish or bearish trend, giving its users a potential buy/sell forex entry point.
These signals can be judged as highly accurate and reliable.
It fits all kinds of timeframes and currency pairs.
The indicator is displayed directly on the main trading chart.
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.
How does it work? How to apply in trading?
Trading Rules Explanation
Signals provided by the Linear Regression Dual Signals Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
Buy Entry: Open long trade when the Linear Regression Dual Signals indicator signal line turns green. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade when the Linear Regression Dual Signals indicator line turns red. Place your stop loss a few pips above the last swing high.
Exit Trade / Take Profit: Close your open position when the Linear Regression Dual Signals indicator line turns yellow, or use your own preferred method of trade exit.
As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also 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, etc.
The Linear Regression Dual Signals is able to picture the entire trend. This is one reason why traders end up with massive profits from closing positions that were generated off this indicator.
Example of EUR/CAD M5 Chart
This screenshot below shows an example of the Linear Regression Dual Signals Indicator in action.
How to set up the Linear Regression Dual Signals indicator in MT4?
Copy and paste the linear-regression-indikator.ex4 or linear-regression-indikator.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Linear Regression Dual Signals indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, 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 based around it.
Linear Regression Dual Signals Indicator Free Download
To download the Linear Regression Dual Signals Indicator for Metatrader 4 (MT4) for free just click the button below: