Mega TrendFX Nitro 5.0 comes up with the greatest scalping strategy based on trend directions and current momentums. This system does most of the price action analysis with its powerful trend detecting tools and states the report and a pretty much clear manner to assist the decision makings of the traders.
Mega TrendFX Nitro 5.0 is considered as one of the best scalping system for its consistent signaling performance and steady win rates. Besides, traders will be able to apply it on all kind of currency pairs and fits best with M5 and M15 charts.
Newbie traders who are looking for making money in forex market are strongly recommended to give it a try at the first place.
Mega TrendFX Nitro 5.0 Overview
Once you are done with the installation of this best forex trading system at your mt4 terminal, your trading chart will appear as the following image:
|Time Frame||Currency Pairs||Indicator Factors||Ratings|
|M5 & M15||Any||4||9.8/10|
Mega TrendFX Nitro 5.0 Anatomy
- Trend Detector H: It displays the current trend information with its signaling arrows (down or up) at the left top corner of the main chart window during market hours. It also states the level of trend strength by it trend meter with numeric parameters.
- ABC Trend Meter: This is the secondary trend meter that analyzes the trend in details on the basis of M10, M20 and H2 (two hourly) timeframes so that traders can have an idea in details about the current trend condition.
- Market Trend Monitor: This tool sources the market data of several major currency pairs and points their trend directions in a single window so that you can also monitor other currency pairs without switching your chart window.
- Clear Chart 2: This indicator is considered as the heart of this trading strategy. It looks like the Ichimoku Cloud and also works in the same manner to detect the trends. Price below its level is considered as the bearish trend and above its level signals the existence of bullish trend.
Recommended Strategy: 5 Min Trend Follower Strategy
Mega TrendFX Nitro 5.0: Buy Parameters
- Price is supported by Clear Chart 2 to the upward direction
- The signaling bar closes above the Clear Chart 2 level
- Trend Detector H points the bullish trend plotting the upward arrow
- ABC Trend Meter plots three upward arrows in a row
- Set stop loss limit below the Clear Chart 2 level
- Take profit whenever Trend Detector H and ABC Trend Meter signal the bearish trend onwards.
Mega TrendFX Nitro 5.0: Sell Parameters
- Price is rejected from Clear Chart 2 to the downward direction
- The signaling bar closes below the Clear Chart 2 level
- Trend Detector H points the bearish trend plotting the downward arrow
- ABC Trend Meter plots three downward arrows in a row
- Set stop loss limit above the Clear Chart 2 level
- Take profit whenever Trend Detector H and ABC Trend Meter signal the bullish trend with upward arrows