[FOREX TIP] Trend Lord Indicator for MT4 | Free Download

The Advanced ADX Indicator is a visual oscillator that plots the ADX Indicator’s values.

However, instead of the moving lines that one gets to see with a regular ADX Indicator, the Advanced ADX Indicator plots values as a histogram.

Thus, the trend strength is displayed differently and allows for better trading decisions to be made.

Advanced ADX Indicator: When to go Long

When to go Long using the Advanced ADX Indicator

The strength of the uptrend is rising when you see the Advanced ADX Indicator plotting higher green lines.

Firstly, wait for such a signal, and then go long on the next candlestick that opens.

When to Exit Your Long Positions

Either set a fixed risk-reward ratio or follow the Advanced ADX Indicator to trail the trend.

Note that this second method works only when the evolving trend is strong. This can help you to lock in bigger profits.

Advanced ADX Indicator: When to Short

When to go short using the Advanced ADX Indicator

When the price is moving in a downtrend, the Advanced ADX Indicator will start plotting rising red bars.

Wait for such a bar to form and then go short on the open of the next candlestick session.

When to Exit Your Short Positions

Set your take profit to a fixed risk-reward ratio or use the trend strength Indicator to trail your profits.

This can only work when the prevailing trend is strong.

It will help you to lock in big profits when prices continue to move in the trend.

Where to set the Stop loss using the Advanced ADX Indicator

Stops for long or short positions should be set by looking at the left side of the chart.

Identify the most recent swing high (for shorts) and swing lows (for longs) and then place your stops few pips above or below this price level.

Conclusion

The Advanced ADX Indicator simply depicts the strength of the trend.

Unlike the regular ADX Indicator, the Advanced ADX Indicator plots the values as histograms.

This can offer traders easy to understand signals and allows them to go long or short.

How to Increase Your Winning Ration with Advanced ADX Indicator?

When you add the Stochastic Cross Alert Indicator and use it together with a proven trend trading system like the Elite Swing Trader or Simple Trend Trading System, you can only expect to achieve a better win ratio and better risk-reward ratio.

Recommended Time Frames

Technically speaking, you can use this MT4 indicator for all time frames.

However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly.

We recommend that you use higher time frames like the H4 or even higher for better consistency.

Click Here for Your Free Download of Advanced ADX Indicator .ex4 file

How to Install Custom Indicators on MT4 on Windows

How to Install Custom Indicators on MT4 on Mac OS

---

FREE Metatrader 4 Download | Free MT4 Download

Visit our Free MT4 Indicator Download page.

We hope you have enjoyed this post as much as we have created this strategy post for you.

Good luck and thank you for your readership.

The post Trend Lord Indicator for MT4 | Free Download appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] Free Forex Trading Signals AUD/JPY – 3rd June 2020

Free Forex Trading Signals AUD/JPY – 3rd June 2020

This trade idea was generated by our powerful Elite Swing Trader System on an H4 time frame.

Free Forex Trading Signals AUD/JPY – 3rd June 2020

Trade Summary:

• Buy Stop: 75.061
• Stop Loss: 75.103
• Take Profit: 73.367

When you spot a mistake especially when it comes to the price, please use common sense and check the chart.

We wish you good luck and good profit for this trade idea. For more trade ideas, join the Price Action Society…

If you like our analysis and would like to receive 3 to 7 trade ideas per day, then
Click here to learn more about the Price Action Society.

The post Free Forex Trading Signals AUD/JPY – 3rd June 2020 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

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[FOREX TIP] Advanced ADX Indicator for MT4 | Free Download

The MBFX Time Indicator is a visual oscillator that plots potential turning points in price.

This Indicator basically can be used to pick short term tops and bottoms in the price chart.

The Indicator is best suited to use with other technical Indicators and mostly as a way to Time your entries.

MBFX Time Indicator: When to go long

When to go long using the MBFX Time Indicator?

First, identify the trend.

Then wait for the MBFX Time Indicator to fall to zero and then wait for the color to turn from orange to green.

When the MBFX Time Indicator turns green, open a long position on the open of the next candlestick.

When to Exit Your long positions?

You can exit long positions based on a fixed risk to reward ratio.

But you can also use the MBFX Indicator to continue to hold on to the long position.

A simple look for the trend to change and then exit.

MBFX Time Indicator: When to go short

When to go short using the MBFX Time Indicator?

When the price is in a downtrend, take a short position when the MBFX Time Indicator rises close to 100 and then turns orange.

Open a short position on the next candlestick.

When to exit your short positions?

Exit the short position with a fixed risk to reward set up.

If the trend is strong, then you can opt to keep your position open and continue to book profits partially until the trend starts to lose momentum.

Where to set the stop loss

For long or short positions, always look to the recent swing high or low points that are formed prior to your trigger for initiating the position.

You can also choose to set your stop loss at or above the high or the low at the entry point of your trade.

Conclusion

The MBFX Time Indicator is a simple Indicator that is very helpful to Time your entries into a trend.

It allows you to pick turning points in the price. It is ideal that this Indicator is used along with other trading strategies.

Increasing Your Win/Loss Loss Ratio

When you add the Stochastic Cross Alert Indicator and use it together with a proven trend trading system like the Elite Swing Trader or Simple Trend Trading System, you can only expect to achieve a better win ratio and better risk-reward ratio.

Recommended Time Frames

Technically speaking, you can use this MT4 indicator for all time frames.

However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly.

We recommend that you use higher time frames like the H4 or even higher for better consistency.

Click Here for Your Free Download of MBFX Time Indicator.ex4 file

How to Install Custom Indicators on MT4 on Windows

How to Install Custom Indicators on MT4 on Mac OS

---

FREE Metatrader 4 Download | Free MT4 Download

Visit our Free MT4 Indicator Download page.

We hope you have enjoyed this post as much as we have created this strategy post for you.

Good luck and thank you for your readership.

The post Advanced ADX Indicator for MT4 | Free Download appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] Free BUY/SELL Trading Signals EUR/CAD – 2nd June 2020

Free BUY/SELL Trading Signals EUR/CAD – 2nd June 2020

This trade idea was generated by our powerful Elite Swing Trader System on an H4 time frame.

Free BUY/SELL Trading Signals EUR/CAD – 2nd June 2020

Trade Summary:

• Buy Stop: 1.50964
• Stop Loss: 1.50476
• Take Profit: 1.51838

When you spot a mistake especially when it comes to the price, please use common sense and check the chart.

We wish you good luck and good profit for this trade idea. For more trade ideas, join the Price Action Society…

If you like our analysis and would like to receive 3 to 7 trade ideas per day, then
Click here to learn more about the Price Action Society.

The post Free BUY/SELL Trading Signals EUR/CAD – 2nd June 2020 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies