Forex profit Deep Trend Indicator. The deep trend indicator is best to identify the trend and you can use it to exit your trade-in best time. It can use to identify a long trend or short trend of the forex market. you can apply for any time frame & any currency pairs. you can change indicators settings as you wish.
How to install this Forex profit Deep Trend Indicator.
Download Deep trend indicator> open meta trader plat form> go file menu> open data folder> open MQL4> open indicators> insert deep trend indicator> re start meta trader plat form> load any currency chart> insert indicator to currency chart.
For a buy trend, a deep trend indicator will show in blue color. For a sell trend, a deep trend indicator will show in red color. You can identify the trend with this indicator. combine other analyses with this indicator. use price action methods to trade with this indicator. You can use the Head & Shoulders pattern to confirm the entry point with this indicator. When the price moves down below the neckline after the right shoulder, at that time, if a deep trend indicator will change color to red then you can enter for a sell trade.
When the price moves up above the neckline after the right shoulder at that time, if a forex deep trend indicator will change color to blue then you can enter for a buy trade. Also, you can use the 1-2-3 price action method to enter a trade. Otherwise, you can combine support & resistance, moving average, stochastic, macd, Elliott wave…with a deep trend indicator. The exit is your choice. Choose the exit method with your experience. otherwise use a trailing stop to exit your trades.
When you enter your trade do place stop loss.
Use higher high or lower low.
Exit trade when received the opposite signal or as you wish.
Otherwise, you can use the Trailing stop.