Trend Correction Histogram MT5 r
- Indicators
- Version: 5.21
- Activations: 10
Crypto_Forex Indicator: "Trend Correction Histogram" for MT5. (No Repaint)
- - 2-Color Logic: Red for bearish trends, blue for bullish ones.
- - Trend Trigger: 7 consecutive histogram columns of the same color signal the start of a new trend.
- - Core Purpose: Designed to minimize losses and maximize profit.
- - Sensitivity: Fully adjustable via the "Period" parameter.
- - Alerts: Built-in mobile & PC notifications.
How to use it as a simple, profitable trading system:
- 1) Spot the Trend: Look for at least 7 consecutive columns of the same color (e.g., 7+ blue columns). This is your primary trend.
- 2) Wait for the Dip: Wait for just 1 (ONE) opposite color column (red), which immediately flips back to blue. This acts as a trend correction.
- 3) Execute: Open a Long trade as soon as the blue column reappears after that single red one. You’re trading in the direction of the main trend on a pullback.
- 4) Risk Management: Place your SL (see pictures) and set TP to be at least 3x larger than your SL. This ensures profitability even with a 30% win rate!
- 5) Shorts: Vice versa for Sell trades (see pictures).
It is original product which is offered only on this MQL5 website.
