Trend Magic Indicator MT4

MT4 Trend TradingFree Download

The Trend Magic Indicator MT4 provides an excellent trading solution for beginners who want to follow trends. It accurately identifies trend conditions and generates buy-sell signals on a daily basis. What’s more, it has consistently demonstrated a high-performance level in signaling forex trades over a proven period of time. Free download is available.

Sounds interesting? Let’s take a closer look at it.

Trend Magic Indicator: Introduction

MT4 Indicator Overview

The download link of the Trend Magic MT4 indicator is placed at the bottom of this post – once you’re done, your Metatrader 4 trading chart should look similar to the example below.

Trend Magic Indicator Example Chart

The indicator appears as a singular line on the activity chart, dynamically changing its color to represent the market sentiment. A blue color indicates a bullish market with the price closing above the indicator’s level, while a red color signifies a bearish market as the price closes below the indicator’s level.

Trend Magic Indicator Explained

The Trend Magic indicator utilizes the powerful combination of the Commodity Channel Index (CCI) and Average True Range (ATR) to determine the direction of the market trend and the current positions of the trendlines. The CCI compares the current price to its historical average to generate accurate buy-sell signals. Meanwhile, the ATR serves as a volatility indicator, assisting in assessing the ideal entry and exit points for trades. Initially, the ATR was primarily used to measure the volatility of commodities.

Trend Magic: Buy Conditions

Follow these steps for a long trade:

Trend Magic turns blue
Price floats above the signal line
Bullish price pattern occurs
Set stop loss a few pips below the last market swing low
Take profit or exit trade whenever opposite signal appears

Trend Magic Indicator Buy Signal

Trend Magic: Sell Conditions

Follow these steps for a short trade:

Trend Magic turns red
Price flows below the signal line
Bearish price pattern occurs
Set stop loss a few pips above the last market swing high
Take profit or exit trade whenever opposite signal appears

Trend Magic Indicator Sell Signal

MT4 Indicators: Download and Installation Instructions

Download the Trend Magic Indicator MT4.rar archive at the bottom of this post, unpack it, then copy and paste the trend-magic.ex4 or trend-magic.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.

Indicator Summary

The MT4 Trend Magic indicator for MetaTrader is a reliable trend indicator that does not repaint, making it an excellent choice for active traders seeking effective trend-following solutions. Moreover, this indicator does not exhibit any lagging problems when generating trend signals. It promptly generates trend alerts as soon as any trend-reversal situations occur in the market. The indicator is available for free download and can be effortlessly installed.