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Tactical Trend Trader

This MT5 indicator has been designed to be used on any currency pair or indices and on the daily time frame or higher.

The indicator looks for medium-term high-probability continuations in price and will indicate you to go long (buy) or short (sell) if you see a green or red arrow next to the current candlestick respectively.

The indicator paints an arrow when the specific criteria are met, however, you must wait until the current candlestick has closed until you enter a trade. Therefore you would normally enter a trade at the beginning of a trading day (which could be at 11pm) or sometime during the next day if price has not moved too far away from the entry level.

The indicator only provides the signal to buy or to sell. It is your decision how much money you risk on each trade and it is also your responsibility to trade sensibly. The indicator does not provide any stop loss or take profit suggestions to you however I have found that the best stop loss placement is under the previous candle stick's low for a buy trade and above the previous candlestick's high for a sell trade. As for taking profits, my suggestion is that you use a trailing stop or use your own preferential indicators as support and resistance zones to exit the market.

Please take a look at the photos where you can see the green and red signals to buy and sell respectively. All of the photos were taken on the daily time frame and above of popular currency pairs and indices to show you the versatility of the indicator.

I hope that you can be more profitable when using this indicator.

Please let me know if you have any questions.

Thank you.



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Versión 3.0 2022.12.09
Solid arrow signals which are more visible than before.
Versión 2.0 2022.11.01
Optional alerts functionality added.