The Trend Finder Forex indicator for Metatrader 4 enables traders to trade crossover signals in the most profitable direction of the trend.
The indicator appears in the main MT4 chart window as a blue and red colored signal line.
Trend Finder can be used by both beginners and seasoned traders and is non-repaint.
Buy & Sell Trade Example
- Open a buy trade as soon as the blue signal line crosses the red signal line bottom-up.
- Open a sell trade as soon as the red signal line crosses the blue signal line bottom-up.
The indicator can be used for both trade entry and exit or as an additional B/S signals indicator that works together with your own favorite trading strategy or system.
Free Download
Download the “Trend finder.ex4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Stalin 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 Stalin 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.
Trend Finder and X Super Trend Candles MT4 Strategy
This MT4 strategy combines the power of the Trend Finder Forex Indicator and the X Super Trend Candles Forex Indicator to create a reliable trend-following system.
It works by using the Trend Finder’s signal line crossovers for precise entry timing and confirming trend direction with X Super Trend Candles.
This strategy is suitable for traders who prefer a straightforward approach with clear signals and want to trade on 15-minute, 30-minute, or 1-hour charts.
It is especially useful for forex pairs with strong trending behavior like EUR/USD, GBP/JPY, and USD/CHF.
Buy Entry Rules
- Open a buy trade as soon as the blue signal line of the Trend Finder crosses the red signal line from bottom to top.
- Confirm that the X Super Trend Candles are green, indicating an ongoing buy trend.
- Set the stop loss below the recent swing low to protect against sudden reversals.
- Set the take profit at a 2:1 risk-to-reward ratio, or trail the stop as the trend develops.
Sell Entry Rules
- Open a sell trade as soon as the red signal line of the Trend Finder crosses the blue signal line from bottom to top.
- Confirm that the X Super Trend Candles are red, indicating an ongoing sell trend.
- Set the stop loss above the recent swing high to minimize risk.
- Set the take profit at a 2:1 risk-to-reward ratio, or trail the stop to maximize gains during strong trends.
Advantages
- Provides clear buy and sell signals based on precise crossovers.
- Trend confirmation with colored candles reduces false entries.
- Works well on multiple time frames, allowing flexibility for scalping or swing trading.
- Helps traders stay in the trend longer by combining two complementary indicators.
- Easy to use for beginners due to straightforward entry and exit rules.
Drawbacks
- Stop loss placement can be tricky in volatile currency pairs.
- Less effective on very short time frames where price noise is high.
Case Studies
Case Study 1: EUR/USD 30-Minute Chart
During a strong uptrend, the blue Trend Finder signal line crossed above the red line, and X Super Trend Candles turned green.
A buy trade was opened at 1.1025 with a stop loss at 1.1005 and a take profit at 1.1065.
The trade followed the trend, capturing 40 pips before the price reversed slightly.
Case Study 2: GBP/JPY 1-Hour Chart
The red Trend Finder signal line crossed above the blue line, and X Super Trend Candles turned red, indicating a strong downtrend.
A sell trade was opened at 172.50 with a stop loss at 172.90 and a take profit at 171.50.
The trade captured 100 pips as the trend continued downward, showing how the strategy works well for pairs with strong directional momentum.
Strategy Tips
- Use proper money management and never risk more than 1-2% of your account per trade.
- Combine this strategy with a higher time frame analysis to identify the main trend.
- Consider trailing stops to lock in profits during extended trends.
