Free Forex Indicators (MT4), Trend Following Indicators

CatFX50 Indicator

CatFX50 Indicator is an especially parameterized moving average, used to measure the balance between bullish and bearish strength of the market trends.

The demonstration of the indicator looks quite simple but it is a standalone trading tool and has a prospect of signaling the entries with at least 2X profit targets. Besides, its simplicity of use attracts newbie traders too.

CatFX50 Overview

This particular indicator can be applied to trade all kinds of forex currency pairs available in the market. Furthermore, it suits all sorts of timeframe charts within the forex MT4 trading platform.

CatFX50 Indicator Overview

Download the Indicator and install it on your MT4 terminal. Once you’re done, your chart will appear like the following image:

CatFX50 Anatomy

Explanation

CatFX50 Indicator is a slowish moving average built based on the StepMA method. It lags a little but stresses more on better confirmation. For defining the market trends, you’ll need to observe the intention of price movements like it wants to stay above or below the indicator slope. Price is greater than CatFX50 value means the trend is bullish.

On the other hand, the price holding its position below the indicator level represents the bearish trend of the market. An entry can only be made after a trend is confirmed. For exits, you may target at least 2X profits compared to your budgeted loss against each entry.

CatFX50 Indicator: Buy Conditions

CatFX50 Buy
  • Price remains greater than the indicator value
  • A bullish candle forms right above the current CatFX50 level
  • A buy can be triggered once the above conditions are met
  • Set stop loss below the low of the current indicator value
  • Exit long/take profit whenever your trade hits 2X profit compared to your stop loss amount

Also Read: Exness Review

CatFX50 Indicator: Sell Conditions

CatFX50 Sell
  • Price remains lesser than the indicator value
  • A bearish candle forms right below the current CatFX50 level
  • A sell can be triggered once the above conditions are met
  • Set stop loss above the high of the current indicator value
  • Exit short/take profit whenever your trade hits 2X profit compared to your stop loss amount
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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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