The NRTR Gator Forex Trend indicator for Metatrader 5 is a complete trading strategy that offers entry levels, stop levels and take profit targets.
NRTR stands for Nick Rypock Trailing Reverse.
The complete trading strategy is done by only one technical indicator!
It appears in the price chart as a series of blue and tomato-red colored entry dot signals that also indicate the actual stop loss level.
The original stop loss level can be trailed up or down according to the colored dots system that moves up or down with the prevailing trend.
The indicator offers the following inputs and parameters for customization: period ATR, k ATR, style, and colors.
The NRTR Gator strategy works for any trading instrument supported by the Metatrader 5 charting platform.
Please make yourself familiar with this trading strategy and test it first on a demo account before using it on a real account.
It supports all time frames and Forex pairs.
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NRTR_Gator.mq5 Indicator (MT5)
Chart Example
The following chart shows what the NRTR Gator Forex Trend strategy looks like when applied to the MT5 chart.
How To Buy And Sell Pairs With The NRTR Gator Forex Trend Strategy?
Find a simple trading example below:
Buy Signal
- The first blue colored dot is a buy entry signal (see chart example above).
- Start by placing a buy order and set your stop loss just below the blue colored dot.
- Close and reverse the buy position when a tomato-red colored dot appears in the chart.
Sell Signal
- The first tomato-red colored dot is a sell entry signal.
- Start by placing a sell order and set your stop loss just above the orange colored dot.
- Close and reverse the sell position when a blue colored dot appears in the chart.
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NRTR_Gator.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the NRTR_Gator.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration