Trend Flex X2 Indicator
MT4 Trend TradingFree DownloadThe Trend Flex X2 Indicator was developed by John Ehlers who describes it as “a new zero-lag indicator”. In essence, it is a crossover-based trend-following gauge. In our opinion, it’s better to pair it with some filter to increase the success rate of provided signals.
Anatomy of the Trend Flex X2 indicator
The signals of the Trend Flex X2 Indicator are based on a simple crossover between two MAs with specific settings. The first and fast trendflex MA is 20-period, while the second and slow trendflex MA is 50-period. When the 20 TMFA is located above the 50 TFMA it represents the bullish crossover is considered. Conversely, the 20 TFMA located below the 50 TFMA, it means the signal is bearish.
Buy Signal
Follow these steps for a long trade:
- 20 TFMA crosses above the 50 TFMA
- Bullish price action takes place
- Buy trade is now triggered
- Set stop loss a few pips below the most recent market low
- Take profit after reaching satisfying risk to reward ratio
Sell Signal
Follow these steps for a short trade:
- 20 TFMA crosses below the 50 TFMA
- Bearish price action takes place
- Sell trade is now triggered
- Set stop loss a few pips above the most recent market high
- Take profit after reaching satisfying risk to reward ratio
