Micro Trend Arrow
Micro Trend Arrow is an exclusive indicator that combine more than 4 trend indicators and that come with a set of rules to trade Binary Options.
Micro Trend Arrow is based on Micro Trend System ( https://www.mql5.com/en/market/product/20589 ) with further signal filters and use of arrows that display in the chart to show signals.
Most trading systems look for tops and bottoms to enter trades but this is very tricky to trade this way.
The Micro Trend Arrow looks for a micro trend and for continuation of this trend on the short term which is much easier and safer to trade.
To have reliable indication of the trend we combined more than 4 trend indicators and only generate signal once all indicators are aligned.
Micro Trend Arrow strategy is a proven, simple and effective strategy to trade Binary Options.
We did all the hard work for you... combining more than 4 indicators and filtering the best signals.
The indicator displays arrows in the chart window:
- green arrow: CALL signal to place at the beginning of the next candle
- red arrow: PUT signal to place at the beginning of the next candle
- 1M chart with 5M expiry
- 5M chart with 30M expiry
- 15M chart with 1H expiry
The main inputs of the indicator are:
- MaxBars: number of bars to be calculated by the indicator
- Filter long term trend (true/false): to activate filter and only show signals that are aligned with underlying long term trend
- Filter trend strength (true/false): to activate filter and only show signals when trend is strong enough
- SymbolArrow: choice of symbol to be used to display the arrows
- ArrowCodeUp: char code of Windings font to display Up arrow (Please select the _Custom in the SymbolArrow drop down list to use this char code)
- ArrowCodeDown: char code of Windings font to display Down arrow (Please select the _Custom in the SymbolArrow drop down list to use this char code)
- Distance: distance between arrow and candle
The Micro Trend Arrow indicator will never repaint.
The Micro Trend Arrow indicator can be used with any class of asset: Binary Options, Forex, Commodities, Equities, Futures, etc..
The Micro Trend Arrow indicator can be used with any time frame.
We recommend to check market conditions before trading:
- avoid ranging markets
- avoid period of low volume since trend will not be sustained
- avoid trading in the middle of the news releases
The Micro Trend Arrow can be for beginners as well as for advanced traders. The system is very easy to follow and has proven to be effective.