Forex We Trade Live Trend Entry Short Long MT4 Indicator:
About the Forex We Trade Live Trend Entry Short Long MT4 Indicator
As a trader you are looking for to enter trades at the perfect time. This indicator takes advantage of any price action and indicates when a certain level has been made and a potential break out is going to be made.
Check LTF (Check Long time frame) feature added to 5mins , 15mins, 30mins 1hr & 4Hr chart which will check the trend on all frames times in particular the 4hr trend. so if a alert is received to buy or sell and the trend is not correlating to long term 4hr trend . you will receive a message to check analysis of sell or buy signal before entering , if all trends correlate you will receive a message of strong sell or buy this is a feature which allow you to filter out false signals and increase the accuracy of trend follow on trades.
when turned on Variable will check 15mins, 30mins, 1hr charts fast computer may be required for following timeframes to be turned on when turned off will appear on 15 minute chart
when setting is turned off it will only checks the 15min chart for trend entries , which is possible the best used for entering trades.
This indicator works best on the 4hr time frames , it can work on all time frames , 15 mins & 30 Mins can be used for medium to long analysis, 1 hour & 4hr charts for longer traders, primarily use the 4hr chart has the highest success rate. This indicator has been made for manual trading so when an alert has been triggered it is also important you then analyse the position with the other We Trade Live indicators and other time frames to see if it is a valid entry point some alerts may require you to wait to get the best entry into a trade. so it is advised to also use the timeframe indicator as well to which way the market is going.
this a fantastic tool addition to the We Trade Live Trend indicators this indicator provides additional confirmation of trading entries or exits. Trade in the overall direction of the prevailing trend in order to reduce the amount of false breakout signals.
Use in conjunction with
1. We Trade Live Trend Candle Sticks
2. We Trade Live Trend Entry Exit
3. We Trade Live Trend Max
4. We Trade Live Levels
5. We Trade Live Trend Flat
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)