Trend Lord NRP Indicator for MT4

Introduction to the Trend Lord NRP Indicator

The Trend Lord NRP Indicator for MT4 gives traders a quick notion of the forex market trends. Free download.

The NRP acronym stands for No Repaint, meaning that provided signals do not change with ongoing time. That advantage makes it more solid are reliable.

The form of presented signals is pretty simple, thus it’s suitable for both beginners and advanced forex traders who prefer trend-following strategies.

The whole signal demonstration of this forex indicator looks like a transformed Simple Moving Average.

It fits all kinds of currency pairs and timeframes.

Closer look at the Trend Lord NRP Indicator

The free download link of the Trend Lord NRP indicator for MT4 is placed at the bottom of this post. Once you’re done, your trading chart should look similar to the example below.

Trend Lord NRP Indicator Example Chart

It uses a 12-day Smoothed Moving Average calculated based on the closing prices over the selected period of price data in order to generate trading signals.

As we already mentioned, the Trend Lord works in a similar manner to Moving Averages, but there are some differences.

First of all, it adapts better and quicker to changes in price actions – in other words, it lags less than traditional MAs.

Trading rules explanation

That forex indicator can be considered one of the best trend-following indicators. It doesn’t repaint and provides straightforward, easy-to-read signals.

The only thing you need to pay attention to is the color of the indicator bars. When red, it signifies the trend is bearish, while the blue bar is in rising movement.

When there are blue bars and the price is aligned above them, it means the trend is bullish and a trader should look for buy trades opportunities.

Conversely, red bars and the price aligned below them suggest a bearish trend and potential sell trade opportunities.

The Trend Lord NRP levels can be used as dynamic trailing stops for opened market positions.

Trend Lord NRP Indicator Signals Explained

Long trade

Follow these steps for a long trade:

  • Signal bars color changes from red to blue
  • Price is above the indicator levels
  • Open buy trade when above conditions are met
  • Set stop loss a few pips below a recent market swing low
  • Take profit after reaching satisfying risk-to-reward ratio

Trend Lord NRP Indicator Buy Trade Example

Short trade

Follow these steps for a short trade:

  • Signal bars color changes from blue to red
  • Price is below the indicator levels
  • Open sell trade when above conditions are met
  • Set stop loss a few pips above a recent market swing high
  • Take profit after reaching satisfying risk-to-reward ratio

Trend Lord NRP Indicator Sell Trade Example

Settings

These are available settings.

Trend Lord NRP Indicator MT4 Settings

How to set up the Trend Lord NRP indicator in MetaTrader (MT4)?

Installation Guide

Download the trend-lord-nrp-indicator.rar archive at the bottom of this post, unpack it, then copy and paste the trend-lord-nrp-indicator.ex4 or trend-lord-nrp-indicator.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.

Bottom Line

The Trend Lord NRP indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success.

Nonetheless, 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. Don’t forget that we still have more great free forex MT4 indicators to download and try.

Trend Lord NRP Indicator in MT4 Trading Platform Navigator

Download Free Forex MT4 Trend Lord NRP Indicator

To download the Trend Lord NRP Indicator for Metatrader 4 (MT4) for free just click the button below:

Trend Lord NRP Indicator Free Download


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