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Trend indicator – only one trade a day
Trend Indicator is very simple and at the same time profitable indicator not repainting. According to this indicator signals we will open only one position per day for one currency pair. But the open position will not immediately as appear an arrow of Trend indicator, and when to do some action. More on that later.
Characteristics of Trend Indicator
Platform: Metatrader4
Currency pairs: Any
Trading Time: One trade a day
Timeframe: M30
Rules of trade by Trend Indicator
Short trade:
Red arrow down.
Draw lines on the maximum and minimum values of the prices (red horizontal line) in the time interval between 0: 00-03: 30 (GMT +3) (vertical yellow dotted lines).
Set the Pending Order Sell Stop on 5 pips below the red line the minimum price (green horizontal line).
Stop Loss set at 1 pip above the upper red line maximum price.
Save time withd software.
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