Zwinner Trend Indicator

MT4 Free Download

Introduction to the Zwinner Trend Indicator

The Zwinner Trend Indicator is a simple, but effective forex trend recognition tool. The provided trading signals are represented in the form of green and red bars. As you can probably guess, green bars indicate a bullish trend, and red bars indicate a bearish trend. Both beginners and advanced forex traders can it a try.

The Zwinner Trend Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below 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

As the name suggests, the Zwinner Trend is a trend-following indicator. Therefore, it gives the best results during strong market trends. During sideways markets, the signals provided can be a bit noisy. You can pair it with some other technical analysis tool to increase signal accuracy or for confirmation. Detailed instructions are provided below.

Important note: on the internet, you can find the misinformation that this is a no repaint indicator. We have conducted test, and it proved that it is, unfortunately, a repainter.

Buy Signal

Follow these steps for a long trade:

Zwinner Trend bars switch from red to green
Price swings higher from recent low swing
Buy trade is triggered after the above conditions are met
Set stop loss a few pips below the last swing low of the market
Take profit or exit trade whenever the Zwinner Trend provides opposite signal or use your own method of trade exit

Zwinner Trend Indicator Example of Buy Trade

Sell Signal

Follow these steps for a short trade:

Zwinner Trend bars switch from green to red
Price swings higher from recent high swing
Sell trade is triggered after the above conditions are met
Set stop loss a few pips above the last swing high of the market
Take profit or exit trade whenever the Zwinner Trend provides opposite signal or use your own method of trade exit

Zwinner Trend Indicator Example of Sell Trade

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.

How to set up the Zwinner Trend indicator in MT4?

Installation Guide

Download the Zwinner Trend.rar archive at the bottom of this post, unpack it, then copy and paste the Zwinner Trend.ex4 or Zwinner Trend.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 Zwinner Trend 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.