Key Advantages of the Forex Infinite Trend Indicator
- Simplicity and Efficiency: This Trend Indicator offers an easy, visual method for detecting trends, enhancing the effectiveness of trading strategies.
- Advanced Filtering: It allows traders to refine their strategies by filtering market noise.
- Enhanced Statistical Analysis: After establishing an entry point, the system calculates statistics for take profit and exit signals, ensuring informed decision-making.
- Accuracy and Consistency: MT4 Trend Indicator prides itself on its accuracy, never repainting, backpainting, or recalculating signals.
- Timely Signals: Signals are given strictly at the “Close of the bar” for precision.
- Versatility: Compatible with various timeframes and financial instruments including forex, cryptocurrencies, metals, stocks, and indices.
- Integrated Alerts: The system includes pop-ups, emails, push notifications, and sound alerts for timely trading.
- Expert Advisor Compatibility: Its indicator buffers are fully compatible with EA development, enhancing its utility for automated trading systems.
Forex Trend Indicator can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, practicing trading on an MT4 demo account can be beneficial until you become consistent and confident enough to go live.
Forex Infinite Indicator is straightforward. Even a complete beginner can start trading and making profits with this system. You can set it to send you a signal alert via mobile notification, platform pop-ups, and email. This is helpful because it means you do not need to stare at the charts all day, waiting for signals to appear, and you can monitor multiple charts simultaneously.
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MT4 Trend Indicator can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minute through to the 1-month charts.
Enhanced Statistics Calculation
The indicator includes a system for calculating win and loss stats and shows on the indicator dashboard.
- Win Conditions: A win is registered when a signal reaches at least TP1 or when a trade closed on an opposite signal results in a positive profit.
- Loss Conditions: A loss is noted when a trade closed on the opposite signal results in a negative profit.
- Success Rate Calculation: The system calculates the percentage of signals that meet the win condition, aiding in identifying more profitable trending pairs and timeframes.
Input Parameters
- Period – the number of bars used to calculate the trend.
- Period – 2 to 5 when used in entering trades (Entry Indicator).
- Period – 6 to 15 when used to filter trades (Filter Indicator).
- Target Factor – the multiplier used to calculate take profit levels.
- Increasing this value will give more take profit but decrease the success rate.
- Decreasing this value will give less profit but increase the success rate.
- Target Factor – 1.50 to 1.80 for quick trades and scalping
- Target Factor – 2.00 to 3.00 for long-term and trend trading
- Maximum History Bars – maximum number of bars used.
- Universal Draw Buffers – Enable/Disable all buffers drawn on the chart.
- Universal Draw Objects – Enable/Disable all objects drawn on the chart.
- Universal Delete Objects – Enable/Disable all objects to be deleted on the chart.
- Universal Enable Alerts – Enable/Disable all alerts to be triggered
- Show Trend Arrows – show/hide trend direction arrows
- Show Entry Arrows – show/hide entry point arrows
- Show TP Targets – show/hide TP arrows
- Show TP Hit Line – show/hide TP Hit lines
- Show TP Tracking Line – show/hide line from Entry to TP
- Show EXIT Targets – show/hide EXIT arrows
- Show EXIT Hit Line – show/hide EXIT Hit lines
- Show EXIT Tracking Line – show/hide line from entry to exit
- Show Profit – show/hide profit/loss
- Profit Font Size – text size of profit
- Visual Mode – Enable 3D colors
- Charts To Foreground – force charts to be drawn on top of all objects
- Show Dashboard – show/hide information dashboard
- Show Dashboard Background – show/hide dashboard background box
- Dashboard Font Size – Text size for statistics.
- Dashboard X-Offset – Distance of statistics horizontally. Increase value to move it to the right (Ex. 100 to 1000).
- Dashboard Y-Offset – Distance of statistics vertically. Increase value to move it lower (Ex. 100 to 1000).
- Dashboard Y-Spacing – factor used as row distance.
- Dashboard Background X-Size – the size of the dashboard background.
- Auto Color Dashboard Background – use the chart background color as the dashboard background color
- Auto Color Dashboard Text – use the chart foreground color as the dashboard text color
- Enable Pop-Up Alerts – Enable MT4 box alerts.
- Enable Email Alerts – Enable email alerts.
- Enable Push Notification Alerts – Enable smartphone or SMS alerts.
- Enable Sound Alerts – Enable sound alerts.
- Sound Alert Name – File name of sound alert.
- Enable Screen Comments – Enable comments on the top right corner of the screen.
Trading rules for Infinite indicator
Remember to tighten your stop losses around high-impact news releases or avoid trading at least 15 minutes before and after these events when using the Infinite indicator.
As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
Trading with the Forex Infinite Trend Indicator involves three straightforward steps:
- Trade Setup: Enter a signal if the Statistics Success Rate is higher than 65%.
- Set Stop Loss: Exit buy signals on a new sell signal and vice versa.
- Set Take Profit: Options include taking profit at TP1, partial profit at TP1, and closing the remaining position at TP2, or taking profit on the opposite signal or riding the trend until it reverses.
Conclusion
The Forex Infinite Trend Indicator stands out as a comprehensive solution for traders seeking reliable and effective tools for trend trading. Its advanced statistical analysis, versatility across various instruments, and user-friendly interface position it as a must-have tool for novice and experienced Forex traders. With its promise of never repainting or recalculating signals, Infinite Indicator ensures that traders are always equipped with the most accurate and timely information, leading to better decision-making and improved trading outcomes.
