The Trend Movers Indicator For MT4
Table Of Contents:
- The Trend Movers Indicator For MT4
- Settings of the Trend Movers Indicator For MT4
- Advantages of using the Trend Movers Indicator For MT4
The Trend Movers Indicator For MT4 is a unique tool can gain an edge over the market if used correctly. By combining multiple indicators and analyzing all of them at the same time it can help you to make good trading decisions.
This analysis of multiple indicators at the same time is very hard to do for a human, because of the sheer amount of things you would have to pay attention to. In contrast to that you can see everything in one place using this indicator and form your own opinion of the upcoming market direction, while you can also see the indicators opinion.
Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
At the start of this article I will shortly explain the different settings of the Trend Movers Indicator For MT4. Afterwards you will learn about all the advantages that the indicator provides to its user as well as some trade examples.
Settings of the Trend Movers Indicator For MT4
At first sight it might look like the Trend Movers Indicator For MT4 has a lot of settings, but on a closer look you will find that all these settings are the basic settings of the different other indicators which are used to analyze the market and thus all the settings are pretty simple and straight forward.
Take for example Setting 5, meaning “EFast”, “ESlow” and “EPeriod”, those are the standard settings of the popular MACD indicator. “EFast” determines the period of the fast EMA, “ESlow” is used for the slow EMA period and “EPeriod” determines the MACD SMA period.
The same principle applies to all the other settings as well. If you don’t want to use the standard settings for one or all of these indicators, go ahead and experiment a little bit until you find the perfect settings for your trading style.
Advantages of using the Trend Movers Indicator For MT4
The biggest advantage of the Trend Movers Indicator For MT4 lies in its ability to combine multiple values, that are created by the different indicators it uses for the analysis, into one signal.
The next advantage of this indicator is a combination of the above. The indicator keeps everything very simple for you, which makes it super easy to use and to understand.
Another advantage is that you can customize all the indicators that are used for the analysis to your likings. For example, if you are more interested in scalping, smaller periods for the different indicators might be a better fit for you than the standard settings. Try out some settings and see which you like the most.
In the above picture you can see an example trade with the Trend Movers Indicator For MT4. The indicator shows a strong buy setup after a longer downward move. On the chart you can also see a strong V-formation, which is a very strong sign of a trend reversal.
We use V-formations with our V-Power system and have great success with them. You can learn more about these V-formations over there. Based on this analysis we would now enter a long trade. Below you can see how that trade developed over time thanks to the calculations of the Trend Movers Indicator For MT4.
As you can see the usage of this indicator is simple and it can be useful in your trading.
Please note that you should always use a demo account when you learn to use a new trading tool. This will help you to avoid financial losses during the learning curve which comes with every new trading tool. On a real money account we suggest a conservative money/risk management where you should not risk more than 1% of your trading capital for each trade.
