Hi all. It is easy to lose money in non trending markets. Please help me indicator code for mt4 to know the market is trending or not.
Good luck to you.
Yes, It's crucial to know when Tide is with me and when against me while am swimming in sea, I also lost some great amount when i was kid about Fx, well We all need to see something like Trend Signaling Mt4 Indicator/s.
Thanks a lot, see ya.
Am newbie, i don't know indepth about programming or EA activities, just got familier with mt4 a few months ago, well am still need to learn a big amount of pages, inthemeantime am doing search if i get any good books or mt4 indicator.
Well Yesterday I found this Trend Indicator, here this as attached.
If Some one gonna use it beside it's default input value then plz update results here in this thread, plz.
It also provides where trend is gonna be reverse, i used in Demo in EUR/USD 15 min, looking good to reserve 5 to 10 pips
You never know when the market is really going to start the trend.
Ofcourse there are some price patterns with forecasting capabilities.
You can apply 200 indicators but if market is not looking to trend
then you are never going to see the trend.
Here is a good question for you!
Do the indicators move the market?
Market move the indicators?
I would suggest you to use price action only.
Like... look for higher highs and higher lows to define an uptrend
and do the opposite for the down trend.
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Also, i read some where that there is "all in one braintrend" indicator, that cares for stop, entry,exit, alert etc. You can search of the same. In the mean while if i happen to come across that indicator, i will attach here.
thanks saivenkat, whenever i got it i'll post it here too for other mates.
Understanding the trends direction give you an upper hands as a trader.