Trend Master Indicator for MT4

Introduction to the Trend Master Indicator

The Trend Master indicator is a perfect choice for traders who wants to know the current market trend by just taking quick glance at the chart.

That forex indicator simply consists of two elements: a blue buy upward arrow and a red downward arrow. These arrows reflect a bullish market trend, and a bearish market trend respectively.

The Master Trend indicator is pretty versatile, as it can be used as a major trend recognizer, reversal point provider, or exit/entry points levels finder.

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 Trend Master Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.

Buy Entry: Open long trade when the Trend Master indicator shows a blue upward arrow. Place your stop loss a few pips below the last swing low.

Sell Entry: Open short trade when the Trend Master indicator shows a red downward arrow. Place your stop loss a few pips above the swing high.

Exit Trade / Take Profit: Close your open position when the opposite signal occurs, 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.

Example of EUR/GBP H4 Chart

This screenshot below shows an example of the Trend Master Indicator in action.

Trend Master Indicator in action.

How to set up the Trend Master indicator in MT4?

Installation Guide

Copy and paste the Trend master.ex4 or Trend master.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 Master 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.

Trend Master Indicator Free Download

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

Trend Master Indicator Free Download

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