The Magic Trend Forex indicator for Metatrader 4 deploys a trend-following trading strategy and delivers precise buy and sell signals that work out of the box.
The indicator pops up in the main MT4 chart window in the form of a colored green/red/gray signal line.
Buy & Sell Trade Example
- Enter long when the green signal line gets printed on the chart.
- Enter short when the red signal line gets printed on the chart.
The Magic Trend Forex indicator can be used for trade entry and exit or as an additional confirmation 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 “Magic_Trend.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The picture below shows the Magic Trend Forex mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Magic Trend Forex 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: Signals
Does the indicator repaint? No.
