Trendsignal V2.0
Trendsignal Indicator -- It is an custom indicator used in MT4 trading platform used to forecast the direction of currency and commodities with a high level of accuracy, determination and greater Reward / Risk ratio on each signal.
Its the most simplest indicator available free of cost and which really works, it simply shows buy / sell arrows on market possible reversal points to enter into trade and exits too.
The Trendsignal Indicator is listed on MT4codebase website for free of cost to download since 2010 and being rated 10/10 since 5 years having over 40,000 downloads (including both versions) all well satisfied traders.
The updated Trendsignal V2.0 consists of arrows alert, sound alert, email alert, and potential targets covered on chart.
Working -- Trendsignal V2.0 Indicator can be used on any time frame ranging from 1M to 1D, the most recommended time frame are 1H and 4H where frequency of signals are about 8-10 signals a week with great profitability.
About version 2.0 -- In addition to previous version 2.0 version has lines drawn on chart with respect to the signals of Trendsignal indicator, these lines are helpful to determine the potential of the indicator.
The Trendsignal V2.0 EA trades on signals received from Trendsignal V2.0 indicator directly, it has it got following options.
1. LotSize -- User can set accordingly to his balance.
2. Money Management -- User can set automatic lot calculation for trading based on amount of % risk would like to trade on his account, which calculates lot automatically and sets increment as account balance increases.
3. Takeprofit -- User defined, if set to 0 EA will close trade on opposite signal, recommended setting given in guide.
4. StopLoss -- User defined, if set to 0 EA will close trade on opposite signal, recommended setting given in guide.
5. TrailingStop -- For to trail profits after certain pips in profits, recommended setting given in guide.
6. BreakEven -- Breakeven option for breakeven style of trading and to eliminate the risk of losing trade.
Features -- It trades on any time frame 1M to 1D while target and stops varies accordingly. Works simultaneously on multiple majors 12 pairs eur/usd, gbp/usd, usd/jpy, usd/cad, usd/chf, aud/usd, aud/cad, eur/aud, nzd/usd, eur/gbp, gbp/chf, eur/cad. Its potential varies from 1000 to 1200 pips a month from totaling from all pairs (while on 4H chart), its performance the indicator itself shows what potential it has those pairs.