Free Forex Indicators (MT4), Trend Following Indicators

BS Trend Indicator

BS Trend Indicator is simply the best among other histogram-based trends following indicators. It uses a separate indicator window and signals the trend states in a very easy way that can be followed by any newbie trader. Great backtest report suggests that this indicator is a higher winning forex trading tool.

BS Trend Indicator is very much suitable to trade all major forex currency pairs. Besides, it fits with all sorts of timeframe charts at the MT4 terminal. Therefore, traders of all kinds have a great opportunity to be benefited from this sophisticated trend finder.

BS Trend Indicator Overview

After the installation of this indicator at your forex MT4 terminal, your trading chart will appear like the following image: 

BS Trend Indicator Overview

BS Trend Indicator plots histogram bars to signal the trend status. Bars closing above the zero level signals the bullish trend. On the other hand, bars closing below the zero level indicate the trend as bearish. Trade must be made according to the trend direction. Going against the trend is risky and may cost you more compared to the return. While on a trade you should make the exit decision only when you find the indicator signaling the opposite trend to your trade direction.

BS Trend Indicator: Buy Parameters

Only One Trade a Day Trend indicator Buy Parameters
  • It’s bars closes above the zero level
  • A bullish bar appears at the bottom area of the chart
  • Enter long at the break of the bullish bar’s high
  • Set stop loss below the nearest swing low
  • Exit long/take profit when the bars continue to close below the zero level 


BS Trend Indicator: Sell Parameters

Only One Trade a Day Trend indicator Sell Parameters
  • It’s bars closes below the zero level
  • A bearish bar appears at the top area of the chart
  • Enter short at the break of the bearish bar’s low
  • Set stop loss above the nearest swing high
  • Exit short/take profit when the bars continue to close above the zero level

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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