TRADE IN BLUES
A trader shares a new trading indicator he will be giving away for free. He also talks about his profitable trading systems and strategies. To get the indicator, viewers must subscribe to his channel and join his Telegram group.
How to Use the Free Indicator for Trading Profitably
Are you tired of losing money in the forex market? Do you want to know the secret to trading profitably? In this article, we will be discussing how to use a free indicator to increase your chances of making profits in the forex market.
Introduction to the Indicator
The free indicator we will be discussing in this article is a simple and easy-to-use tool that can help traders make informed trading decisions. The indicator can be used on different trading platforms, including MetaTrader 4 and 5. It is a trend-following indicator that can help traders identify the direction of the trend and the strength of the trend.
Installing the Indicator
To install the free indicator, follow these simple steps:
Step 1: Go to the file section on the trading platform and select the “MQL4” option.
Step 2: Select the “Indicator” option.
Step 3: Right-click and paste the above code, which will be provided in the next 24 hours if the video hits 50 likes on the YouTube channel.
Step 4: Install the template by selecting the “Template” option in the file section and copying and pasting the template provided in the file.
Step 5: Load the template by selecting the “Load Template” option and choosing the template provided.
Using the Indicator
Now that you have installed the indicator, let’s discuss how to use it to make profitable trades.
Step 1: Identify the direction of the trend. The indicator will display arrows above or below the candlesticks to indicate the trend direction. If the arrow is green, it indicates a bullish trend, and if the arrow is red, it indicates a bearish trend.
Step 2: Confirm the strength of the trend. The indicator will display a line on the chart that moves up or down, depending on the strength of the trend. If the line is moving upwards, it indicates a strong bullish trend, and if the line is moving downwards, it indicates a strong bearish trend.
Step 3: Enter a trade. Once you have identified the direction and strength of the trend, you can enter a trade. If the trend is bullish, you can enter a buy trade, and if the trend is bearish, you can enter a sell trade.
Conclusion
In conclusion, using the free indicator we have discussed in this article can help traders make informed trading decisions and increase their chances of making profits in the forex market. By following the simple steps outlined in this article, you can install the indicator and use it to identify the direction and strength of the trend. Remember to subscribe to the YouTube channel for more profitable trading strategies.
