We’re introducing a powerful trend-following buy-sell indicator for MT5, specifically designed for forex and stock scalpers as well as intraday traders. This beginner-friendly indicator is the perfect companion for traders aiming to make informed decisions in live markets.
Key Features of the Indicator
- Bullish and Bearish Trend Alerts: Displays clear green and red dots on the price chart to indicate trend directions.
Take-Profit and Stop-Loss Levels: Automatically identifies potential profit zones and stop-loss limits to ensure better risk management.
Green horizontal lines: Indicate projected take-profit levels.
- Red horizontal lines: Indicate ideal stop-loss levels (use SL1 for scalping and SL2 for intraday trading).
- Versatile Timeframes: Works seamlessly across all timeframes, making it suitable for scalping and intraday trading.
- Adaptable to Any Market Session: Perform trades in any session without restrictions.
How to Use This Indicator
- Set Up the Indicator: Add it to your MT5 platform and configure the settings according to your trading strategy.
Place a Trade: Follow the buy or sell signals displayed by the indicator.
- Set your stop-loss.
- Set your take-profit.
- Monitor the Market: Always keep SNR (Support and Resistance) levels in mind before executing a trade.
- Avoid News Events: Refrain from trading during major news events, especially on lower timeframes, to minimize risks.
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