Forex is all about entering the trend at an early stage and exiting your trades at the safest spot possible. Mc TREND is a non-repainting indicator that gives very good trend signal and enables you to ride the trend from its early stage. Go long on the up arrow and exit on the down arrow. Go short on the down arrow and exit on the up one. No Forex system is 100% perfect, so I would simply like to add at this point that you should use a good money management system for your trades. I recommend risking at most 2% of your equity in any trade. Also use a fixed stop loss and take profit and also trail your stop losses.
Input Menu Options
- Period - this is the number of bars the indicator uses in its calculation. Noise is reduced with increase in period (the higher the period, the better the signal). For this indicator, use a period range from 14 to 26.
- EnableAlert - choose either true or false for this option. If true, an alert is displayed on the chart anytime there is a signal.
- EnableMail - choose either true or false for this option. If true, you will receive an email anytime there is a signal.
- Сolor1 and color2 - these are the colors of the arrows. The default colors are red and white but you can change them if you want.
- Alert notification.
- Email notification.
- Compatible with all pairs.
- Use on H1, M15 and M5 timeframes.
- Add trailing stop / stop loss to your trades.
- Use period 14 to 26.