Forexwebstore

Sale!

Day Traing System Auto trendline

$40

  • Original Indicator
  • Currency pair: All
  • Platform: Metatrader 4
  • Trading time: Every time
  • Timeframe: M15, M30, H1
  • Instant Download in Zip file
  • Lifetime license with unlimited Pc/Laptop
  • Type of strategy: Scalping and Long term

AutoTrendLines is an indicator for MT4 that spots the most exact trend lines and automatically plots them on the chart. The indicator displays only the most actual trend lines.

If you often rely on trend lines in your daily trading, the given indicator will make it much easier to work with them and relieve you of the need to spot. The indicator doesn’t redraw, but it can change the angle of the lines when new extremes occur. It is best suited for intraday and mid-term Forex trading. The optimal timeframes to work with are M15-H1.

Non Repaint Indicator

How to trade using the Trendlines Indicator?

Most techniques of trading with trend lines can be classified into two main groups:

  • Price bounce (reversal) from trend line;
  • Trend line breakout.
  • BuyΒ if the price has approached or touched the uptrend line;
  • SellΒ if the price has approached or touched the downtrend line.

Day Trading System

Let’s describe the logic behind placing Stop Loss orders using the example of the market situation shown in the picture above:

  • It’s recommended to place a Stop LossΒ order under the previous low by a sufficient number of points so that it’s not triggered by a false breakout.
  • Take ProfitΒ can be placed at the highest price level within the range of the corresponding trend line (TP1), or the distance equaling the height of the previous wave (TP2).

Non Repaint Forex Indicator

Reviews

There are no reviews yet.

Be the first to review “Day Traing System Auto trendline”

Your email address will not be published. Required fields are marked *