About the Indicator
The Major Trend Forex Signals Indicator for MT4 is a powerful tool designed to assist traders in identifying and following the prevailing market trends.
This indicator provides clear buy and sell signals, making it suitable for various trading styles, including scalping, day trading, and swing trading.
The indicator appears in the MT4 chart window in the upper left part of the screen.
Key Points
- A buy signal occurs as soon as the indicator displays “Major Trend: Up”.
- A sell signal occurs as soon as the indicator displays “Major Trend: Down”.
Free Download
Download the “cTrend Vol.ex4” indicator for MT4
Key Features
- Clear Buy/Sell Signals: Provides straightforward buy and sell signals based on market trends.
- Multi-Timeframe Support: Compatible with various timeframes, allowing flexibility in trading strategies.
- Customizable Settings: Offers adjustable parameters to tailor the indicator to individual trading preferences.
- Non-Repainting: Once a signal is generated, it remains fixed, ensuring reliable backtesting.
- Easy Installation: Simple setup process for quick integration into the MT4 platform.
Indicator Example Chart (EUR/USD H4)
Below is an example of the Major Trend Forex Signals Indicator applied to the EUR/USD 4-hour chart.
How To Trade Using This Indicator
To effectively utilize the Major Trend Forex Signals Indicator:
- Entry Signals: Open a buy trade when the indicator displays a buy signal, indicating a bullish trend. Open a sell trade when the indicator displays a sell signal, indicating a bearish trend.
- Stop Loss: For buy trades, place the stop loss below the most recent swing low. For sell trades, place the stop loss above the most recent swing high.
- Take Profit: Set take profit levels at key support or resistance zones, or use a fixed risk/reward ratio of 1:2.
- Enhance Accuracy: Combine this indicator with other tools, such as oscillators or moving averages, to confirm signals and improve trade accuracy.
Download Now
Download the “cTrend Vol.ex4” indicator for Metatrader 4
Major Trend + EMA Crossover MT4 Strategy
This strategy combines the Major Trend Forex Signals Indicator with the Simple EMA Crossover Signal Indicator to create a robust trading approach suitable for both scalping and swing trading.
By aligning the major trend with shorter-term momentum shifts, traders can enhance their decision-making process and improve trade accuracy.
What is this Strategy About?
The Major Trend Forex Signals Indicator identifies the prevailing market trend, indicating whether the market is in a bullish or bearish phase.
This indicator helps traders align their trades with the dominant trend.
The Simple EMA Crossover Signal Indicator generates buy and sell signals based on the crossover of two exponential moving averages (EMAs).
A buy signal occurs when the fast EMA crosses above the slow EMA, while a sell signal occurs when the fast EMA crosses below the slow EMA.
This indicator helps identify short-term momentum shifts within the broader trend.
By combining these two indicators, traders can filter out trades that go against the major trend and focus on high-probability setups that align with both the long-term trend and short-term momentum.
Buy Rules
- The Major Trend Forex Signals Indicator must indicate a bullish trend.
- The Simple EMA Crossover Signal Indicator must generate a green buy signal (fast EMA crossing above slow EMA).
- Enter a buy trade at the close of the candle when both conditions are met.
- Place a stop loss below the most recent swing low or a relevant support level.
- Set a take profit target based on a risk-to-reward ratio of at least 1:2 or trail the stop loss as the price moves in your favor.
Sell Rules
- The Major Trend Forex Signals Indicator must indicate a bearish trend.
- The Simple EMA Crossover Signal Indicator must generate a red sell signal (fast EMA crossing below slow EMA).
- Enter a sell trade at the close of the candle when both conditions are met.
- Place a stop loss above the most recent swing high or a relevant resistance level.
- Set a take profit target based on a risk-to-reward ratio of at least 1:2 or trail the stop loss as the price moves in your favor.
Trader Case Studies
Below are examples of traders who applied this strategy to different currency pairs and timeframes, demonstrating its effectiveness in various market conditions.
Maria L – Mexico
Maria L, a part-time trader from Mexico City, applied this strategy over 45 days on the USD/MXN and EUR/USD pairs. By following the buy and sell rules carefully, she earned a total of +295 pips during this period.
Samuel A – Nigeria
Samuel A, a swing trader from Lagos, used this strategy mainly on the USD/NGN and GBP/USD pairs. Over 30 days, he closely adhered to the combined signals and managed to secure +370 pips with disciplined risk management.
Aya K – Japan
Aya K, a day trader from Tokyo, applied this strategy on the USD/JPY and EUR/JPY pairs on the H1 and M30 charts. Within just three weeks, she successfully gained +240 pips by following the strategy’s rules consistently.
Disclaimer: These case studies are for educational purposes only. Trading results will vary depending on market conditions, risk management, and individual discipline.
Advantages
- Combines long-term trend analysis with short-term momentum indicators for enhanced trade accuracy.
- Suitable for both scalping and swing trading across various timeframes.
- Helps filter out false signals and improves timing for entries and exits.
- Applicable to multiple currency pairs with low spreads.
- Encourages disciplined trading with clear signals and risk management.
Drawbacks
- Signals may be less frequent, requiring patience and discipline.
- Not immune to false signals in volatile or ranging markets.
- Requires practice to interpret indicator signals correctly.
- May underperform during major news events, causing sudden volatility.
Strategy Conclusion and Tips
This combined strategy leverages the strengths of both the Major Trend Forex Signals and Simple EMA Crossover Signal Indicators to provide a robust approach to forex trading.
By aligning the signals from both indicators, traders can increase the probability of successful trades and manage risk effectively.
For optimal results, consider the following tips:
- Practice the strategy on a demo account to build confidence.
- Use proper risk management techniques, including setting stop losses and take profits.
- Avoid trading during major news events that can cause sudden market volatility.
- Regularly review and adjust your strategy based on performance and changing market conditions.
Indicator Specifications
| Platform | MetaTrader 4 (MT4) |
|---|---|
| Indicator Type | Trend Signal Indicator |
| Timeframes | 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day |
| Currency Pairs | Any |
| Signals | Buy/Sell Signals |
| Inputs | Adjustable parameters for sensitivity, color settings, and style |
FAQ
1. Is this indicator suitable for beginners?
Yes, the Major Trend Forex Signals Indicator is user-friendly and provides clear visual signals, making it ideal for traders new to forex trading.
2. Can I use this indicator on any currency pair?
Absolutely. The indicator is designed to work with any currency pair, offering flexibility in your trading choices.
3. Does the indicator repaint?
No, the Major Trend Forex Signals Indicator is non-repainting. Once a signal is generated, it remains fixed, ensuring reliable backtesting.
Final Words
The Major Trend Forex Signals Indicator is a valuable addition to any trader’s toolkit, providing clear and reliable signals for identifying and following market trends.
To maximize its effectiveness, consider combining it with other technical analysis tools and practice on a demo account to familiarize yourself with its signals.
