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Auto Trend Indicator V1.01 MT4

Original price was: $299.00.Current price is: $0.00.

The Auto Trend Indicator V1.01 is a custom forex trend-following indicator designed for the MetaTrader 4 (MT4) trading platform. It generates trading signals based on the crossover of two custom lines.

Description

Auto Trend Indicator V1.01 MT4: A Comprehensive Guide

Overview

The Auto Trend Indicator V1.01 MT4 is a powerful tool designed for MetaTrader 4 (MT4) traders. It assists in identifying trend directions and potential trading opportunities. Here’s what you need to know:

  1. Minimum Deposit: $500
    • To use this indicator effectively, consider starting with a minimum deposit of $500 in your trading account.
  2. Timeframes: M5 to H1
    • The Auto Trend Indicator V1.01 MT4 works optimally on timeframes ranging from M5 (5-minute) to H1 (1-hour).
    • Traders can adjust the time frame based on their preferred trading style and risk tolerance.
  3. Platform Compatibility: MetaTrader 4 (MT4)
    • Install the indicator on your MT4 platform to access its features.
    • Download it from our website.
  4. Supported Currency Pairs:
    • GBP/USD (Great British Pound vs. US Dollar)
    • EUR/USD (Euro vs. US Dollar)
    • XAU/USD (Gold vs. US Dollar)

 

Auto Trend Indicator V1.01 MT4

Auto Trend Indicator V1.01 MT4

Auto Trend Indicator V1.01 MT4

Trading Strategy

The Auto Trend Indicator V1.01 MT4 follows a trend-based strategy. Let’s explore how it takes trades:

  1. Trend Identification:
    • The indicator automatically plots trend lines on the chart, highlighting potential trend directions.
    • It identifies both upward (blue) and downward (orange) trend lines.
    • The solid lines represent the current trend, while the dotted lines project potential trend continuation areas.
  2. Price Bounce (Reversal) from Trend Line:
    • When the price touches the trend line, it often bounces back in the direction of the trend.
    • Traders can use these bounces as potential entry points.
    • For example, if the price bounces off the blue (uptrend) line, consider a buy opportunity.
  3. Trend Line Breakout:
    • True breakouts occur when the price decisively crosses a trend line.
    • Traders can use these breakouts as signals for trend continuation or reversal.
    • For example, if the price breaks below the orange (downtrend) line, consider a sell opportunity.

 

Stay Updated

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Visit our website YoForex.org for additional resources and insights.

 

Additional Resources 

Instant Download:  https://yoforex.org/product/auto-trend-indicator-v1-01-mt4/

Contact:  @yoforexpremium

 

🔔😎Happy Trading😎🔔

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