Free Forex Indicators (MT4), Trend Following Indicators

DAT Cloud Indicator

DAT Cloud Indicator can easily be nominated as the best Forex indicator in terms of its consistent performance and easily understandable signal demonstrations. It has been combined with some of the finest market analyzing tools and the outcome is tremendous. It has already proved its potentiality with higher level of winning records through the back test results.

DAT Cloud Indicator can easily be fit with all sorts of time frame charts. Besides you’ll be able to use it to trade any Forex currency pair available at your trading terminal. For its simple rule of use and easily understandable demonstrations, newbie trend following Forex traders are specially recommended to give this astonishing tool a try.

DAT Cloud Indicator Overview:

After the installation of DAT Cloud Indicator at your Forex MT4 terminal, your trading chart will be appeared as the following image:

DAT Cloud Indicator Overview

DAT Cloud Indicator uses a simple cloud or slope to identify the trend. The only thing you’ll have to look for is, how the price action is behaving right around the cloud. Price intends to hold above the cloud signals the bullish trend. Ina contrary, price holds its position below the cloud confirms the bearish trend. The cloud gets wider means the current trend of the market is getting stronger. Oppositely, a narrower cloud suggests the present trend is getting weaker.

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DAT Cloud Indicator: Buy Parameters

DAT Cloud Indicator Buy Parameters
  • Price moves and holds above the DAT Cloud level
  • A bullish bar is formed right above the cloud
  • Buy triggers when above conditions are met and the high of the bullish bar is broken
  • Place the stop loss below the cloud area
  • Exit long/take profit once price starts to close back to the inside of the cloud

DAT Cloud Indicator: Sell Parameters

DAT Cloud Indicator Sell Parameters
  • Price moves and holds below the DAT Cloud level
  • A bearish bar is formed right below the cloud
  • Sell triggers when above conditions are met and the low of the bearish bar is broken
  • Place the stop loss above the cloud area
  • Exit short/take profit once price starts to close back to the inside of the cloud

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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