Forex Cracked
The video discusses Sam’s Trend Blaster indicator and how it can be used to identify entry and exit signals in trading, as well as its interactions with support, resistance, and trend lines. The indicator includes a 10 period moving average, 100 and 200 period exponential moving averages, and price bands. Perfect entry signals depend on three conditions: price touching or between the two price bands, a signal candle below/above the 10 period moving average, and the red/green line below/above the yellow line in the trader’s dynamic index. Exiting trades is done by following the opposite signal.
Maximizing Your Profits with Sam’s Trend Blaster Indicator
Introduction
As we enter the world of Forex trading, we are constantly seeking ways to maximize our profits. Sam’s Trend Blaster Indicator has proven to be a valuable tool in achieving this goal. In this article, we will discuss how to use this indicator effectively to identify entry and exit signals and how it interacts with support and resistance levels and trend lines.
Understanding Sam’s Trend Blaster Indicator
Sam’s Trend Blaster Indicator is available for purchase on the mql5 marketplace. However, if you have a MetaTrader4 platform with your broker account linked to it, you can search for and purchase the indicator under the terminal market on the mql5 community account.
Once installed, the indicator appears in the top window of the chart. Below it, we have the Traders Dynamic Index Pro, which shows the current trend of the market. The indicator comprises a white line (10 period moving average), yellow line, and green price band (100 and 200 period exponential moving averages) at the bottom and a red price band at the top.
To understand how to use the indicator to obtain excellent entry and exit signals, you would require the PDF that comes with the purchase. We will, however, explain it in detail in this video.
Identifying Good Entry Signals for Buy and Sell
Sam’s Trend Blaster Indicator displays entry signal arrows along its axis. Green arrows are for buys, while red arrows indicate sells. To maximize profits, we do not trade every signal provided by the indicator. We trade only the perfect ones—the best ones.
To identify perfect entry signals for buys, price must be between or below the two green price bands. We must also have a signal candle above the 10 period moving average. The red and green lines of the Traders Dynamic Index should be above the yellow line, indicating an uptrend.
For sells, the opposite is the case. Price should be between or even above the two price bands. The signal candle must be below the 10 period moving average, and the red and green lines must be below the yellow line, indicating a downtrend.
How to Identify Exits
Sam’s Trend Blaster Indicator is not only useful for entry signals— it also helps you identify exit signals. To exit a trade, you want to watch out for the opposite signal. So, once you spot a signal against your trade direction, you might want to exit your trade, as it shows that things might not go your way.
The Importance of Support and Resistance Points
Sam’s Trend Blaster Indicator works excellently when you incorporate support and resistance levels in your trades. The support and resistance levels are areas that price tends to either hold for some time or break through.
Incorporating Trend Lines
Trend lines are also essential when using Sam’s Trend Blaster Indicator. A trend line is a diagonal line that connects price points that are essential in identifying price trends. The indicator also incorporates trend lines, making it an integral part of your analysis.
Using Sam’s Trend Blaster Indicator with Other Indicators
Sam’s Trend Blaster Indicator can be used with other indicators and trading strategies. Incorporating other indicators such as Moving average convergence divergence (MACD) and the Relative Strength Index (RSI) could improve your trading strategies.
Conclusion
Sam’s Trend Blaster Indicator is an essential tool for traders looking to maximize their profits. In summary, understanding the indicator, identifying perfect entry signals and exit signals, incorporating support and resistance, and trend lines are essential in improving your trading strategies.
With practice and patience, you would find that using Sam’s Trend Blaster Indicator alongside other indicators could help improve your trading performance.
