The Leman Forex Crossover Trend indicator for MT4 (Metatrader 4) follows the most profitable trend with the help of a simple crossover trading strategy.
The indicator appears in a sub MT4 chart window as two signal lines that cross each other whenever the trend turns in the opposite direction.
Buy & Sell Trade Example
- Initiate a buy order as soon as the blue colored signal line crosses the red signal line bottom-up.
- Initiate a sell order as soon as the blue colored signal line crosses the red signal line top-down.
The Leman Forex Crossover Trend indicator can be used for both trade entry and exit or as a trend filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “lemantrend.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The chart below displays the Leman Forex Crossover Trend mt4 indicator in action.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Leman Forex Crossover Trend indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend
Does the indicator repaint? No.
