- is a leading indicator for Gold on MetaTrader 4
- In Update version has been added new ability on USD pairs
( AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY )
- very easy to use, even for beginners
- Stoploss and Take Profit provided
- no repaint, no redraw and no lagging
When you decide to enter the global market ,
then there is a technical skill you absolutely must have,
- which is all about trends.
Why - GoldTrend is different from others :
Not only uptrend and downtrend, GoldTrend has a special technique
for finding a trend: Sideways (ranging).
Did you know :
- before a trend formed, it often starts with a sideways.
Why - GoldTrend is important to you.
Because you really need:
- high accuracy - certainty in decision making - and you can still spare your time for daily activities
How to use it
You just have to wait for a notification message and / or watch the trend change.
> Uptrend notification is the first time an uptrend begins.
It means that:
- There is a good chance to prepare for a Buy position.
.. If you are a trading expert, you still have a chance to check your support levels.
- It is time to know when to close the previous Sell position.
> Downtrend notification is the first time a downtrend begins.
It means that:
- There is a good chance to prepare for a Sell position.
.. If you are a trading expert, you still have a chance to check your resistance levels.
- It is time to know when to close the previous Buy position.
> Sideways notification is when gold has no certainty of direction.
This is a good time for:
1. Close the previous Buy or Sell position.
2. You can take a break while waiting for new trend notifications after this sideways ends.
3. You can also do scalping at a lower time frame.
Open 2 charts with proportional sizes (press ALT+R on chart)
with time frames: H1 and M15.
Put the GoldTrend indicator into both charts.
1. Trend reference - based on H1.
2. Scalping on M15 or even M5.
> Stop Loss and Take Profit Lines are provided to make your Risk Management more effective
- Real-time trend analysis of all time frames.
Scale H1 is recommended.
- Sideways, Uptrend and Downtrend identification
It is a leading indicator - no repaint, no recalculate, and no lagging.
- GoldTrend is designed for gold and USD pairs.
- Realtime Trend color directly into the chart candles.
- Suitable for any screen resolutions.
- Candle Box for Sideways - default is true (yes). When GoldTrend finds a Sideways trend, the candlestick will be given a box.
- Color - Sideways - default is Lavender. A color for trend: Sideways
- Use Push Notification - default is true (yes). A notification will be sent to the mobile MetaTrader - installed on your smartphone.
- Send alert on screen - default is false (no). A notification will be shown on your chart.
- Chart Background - default is GoldTrend-ChartTitle. You can use an image as a chart background.
How to use chart background :
Put an image file with the .bmp extension in the directory MQL4/ Images, by selecting the menu in the upper left corner: File -> Open Data Folder.
The default image file has been provided by the seller.
Here is the file's link : https://c.mql5.com/31/577/GoldTrend-ChartTitle.zip
Enjoy your trading time !
Very good indicator, I like it!
I use 3 time frames to see higher time frame is controlling the lower scale.