Free Forex Indicators (MT4), Trend Following Indicators

FNCD 2 Indicator

FNCD 2 Indicator detects the possible changes in the current market trends and demonstrates the signals of potential buy/sell entries with the higher probability of winning trades. The great outcome of its development has been revealed when its backtest result was published with the higher percentage of winning rates which convinced many traders to accept it as one of the best Forex swing indicators at the market.

FNCD 2 Indicator can be an ideal choice for newbie traders for its simplicity of use and easy signal readings. Furthermore, you can use it to trade any Forex currency pair and at any timeframe chart you want!

FNCD 2 Indicator Overview

Once you are done with the installation of FNCD 2 Indicator at your Forex MT4 platform, your trading chart should be turned as the following image:

FNCD 2 Indicator Overview

FNCD 2 Indicator uses a Fast EMA (green) along with a Slow EMA (red dotted) to demonstrate the trend change indications by plotting crossover signals. Fast EMA moves above the Slow EMA signals the bullish crossover with a possible long entry. Oppositely, Fast EMA moves below the Slow EMA signals the bearish crossover with a short entry opportunity. The basic part is, you’ll have to wait until a clear crossover signal is generated and the price action patterns must be matched with the crossover signals. The EMA values raise above the zero level signals the bullish trend and EMAs carrying negative values indicates the bearish trend is still intact.

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FNCD 2 Indicator: Buy Parameters

FNCD 2 Indicator Buy Parameters

  • FNCD 2 Indicator plots the bullish crossover
  • A bullish candle is closed which matches with the above crossover
  • Buy triggers right above the high of the respective bullish bar
  • Set stop loss below the low of the current swing low of the market
  • Hold long until FNCD 2 Indicator value remains positive
  • Exit long/take profit whenever the indicator plots a bearish crossover

FNCD 2 Indicator: Sell Parameters

FNCD 2 Indicator Sell Parameters

  • FNCD 2 Indicator plots the bearish crossover
  • A bearish candle is closed which matches with the above crossover
  • Sell triggers right below the low of the respective bearish bar
  • Set stop loss above the high of the current swing high of the market
  • Hold short until FNCD 2 Indicator value remains negative
  • Exit short/take profit whenever the indicator plots a bullish crossover

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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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