- September 15, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex Indicators
Half Trend Indicator MT4 Review
This indicator is distinct since it is founded on the trend theory.
The Half Trend Indicator MT4 is a whole approach that flawlessly depicts not only the trend itself, but also continually catches up with it, exposes fresh signs, and attempts to capitalize on the trend to the fullest.
The SSV-v5 indicator has five indications stitched in at once to help you filter out erroneous signals during the reversal period.
The indicator has a good performance both during regular trading hours and at all times.
The SSV-v5 indicator has built-in parameters, so there is no need to modify it; all that is needed to get started trading is to impose it on the chart.
Best Brokers List
The Half Trend Indicator MT4 works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
|Register||2008||Port Vila||1: 1000||$10||VFSC|
Half Trend Indicator MT4 Setting
We place the indicator in the Indicators folder, update the indicator data or simply reload MT4. Then open the Navigator tab (Ctrl+N).
Choose an indicator and put it on the chart.
The Half Trend Indicator MT4 is an amazing Fx tool, it shows a signal (arrows: blue, red) after the trend peak (reversal).
The indicator shows NOT one signal as usual trend indicators do, but many (in practice, up to 35 signals in one trend),
which allows you to take a good profit even on a small trend (from practice for the week 520%).
Timeframe 5 min. (other times are available upon request).
Input: when the signal changes (the appearance of a new one). It is recommended to skip the first signal as a possible noise (trend indicators can make noise sideways).
With the appearance of each new arrow (signal) on the trend, we open a new position.
If the signal was at night or during the day (missed), we place a pending order.
when the opposite signal appears (after the red, the blue arrow, and vice versa).
Stop. Considering that there are different trends (long-term, short-term, intraday, etc.) and they can reverse, it is worth placing stops.
For the exit point, you can focus on support and resistance levels, and set additional indicators (channel or overbought-oversold).
You can also use additional indicators 15-09-TW to exit
you can set the level (size) of profit (the totality of all open orders).
For example 500, 1000, 5000, I recommend 10000 pips to take the trend.
The main thing in trading is to remember that a trend with additional signals covers possible drawdowns (for any indicator,
if it doesn’t redraw, there are false signals).
Lot size: increased risk by $100 ($300 moderate risk) deposit, open 0.01 lot. The lot size is always unchanged, we do not increase it, we trade according to strict rules.
Don’t rush, watch. This is a trend indicator, it has its own characteristics, you can complete your strategy with other indicators that remove noise sideways.
Maximum profit (in one direction, trend): SSV-v5Trend indicator +50,286 points, $5,028 or 502%
Half Trend Indicator MT4 Free Download
We highly recommend trying the Half Trend Indicator for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.