super trend indicator mt4 is a non-redrawn trading system that usually costs $399. This free forex indicator analyzes the price behavior on the chart every second and determines the ideal entry point based on a built-in algorithm that informs you when you need to open and close a position to take profit.
It captures very fast and profitable price movements and gives you simple buy/sell signals with upward and downward indications. Each trade signal is very carefully verified by the system to produce only the highest probability trades.
Indestructible Trend Winners can provide you with trading signals that you can accept or add your additional chart analysis to further filter the signals, which is recommended. While the system can be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
You can set up an indestructible trend winner that sends you instructions by indicating up and down.
This is helpful because it means you don’t have to stare at the charts all day waiting for signals to appear, and you can monitor multiple charts at once.
The system can be used with any Forex currency pair and other assets such as stocks, commodities, cryptocurrencies, precious metals, oil, natural gas, etc. You can also use it in any time frame that suits you best, from 1 minute to 1 month charts.
Why is the MT4 Super Trend Indicator useful?
There are many ways to verify trends. Some traders use moving averages, some use trendlines, others use these tools or some other combination of indicators.
The super trend indicator mt4 is just another simple indicator that helps to spot trends based on price positions and a combination of MA and ATR indicators.
The Supertrend indicator is useful in the following situations.
Trend following strategies, in which you want to trade against a trend.
Trend reversal strategies, when you want to trade with the trend when it changes.
Risk management – you can use Supertrend to set a stop loss or trailing stop.
Exit Signals, if you want to exit a trade when the trend reverses.
Supertrend can be an entry signal, an exit signal and a stop loss follower.
The Supertrend indicator is probably one of the most popular custom indicators for MetaTrader 4. The indicator is perfect for trend following strategies to spot ongoing trends.
In addition, you can use it to buy when the price changes from a downtrend to an uptrend and to sell in the opposite case.
To install the MT4 Super Trendline Indicator, please follow these instructions.
Download the indicator archive file.
Open the MetaTrader 4 data folder (via File->Open Data Folder).
Open the MQL4 folder.
Copy all folders from the archive directly to the MQL4 folder.
Restart MetaTrader 4 or refresh the list of indicators by right-clicking on the Navigator subwindow of the platform and selecting Refresh.