Trend Profit Signals Indicator
Platform: MT4 Type: Trend Last update: September 29, 2024The Trend Profit Signals indicator for MT4 is a great trend detection tool. Thanks to that gauge you will know the exact time of trend beginning and trend ending.
It consists of a signal line that is colored into aqua and red. For a better understanding, it plots the trade signals directly as “BUY” or “SELL” labels around the price bars.
Explaining the trend profit signals
Signals provided by the Trend Profit Signals Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
Buy Entry: Open long trade when the Trend Profit Signals indicator turns aqua and displays the “BUY” label. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade when the Trend Profit Signals indicator turns red and displays the “SELL” label. 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.
Example of CAD/JPY H1 Chart
This screenshot below shows an example of the Trend Profit Signals Indicator in action.
