Free Forex Indicators (MT4), Trend Following Indicators

Real Cloud Indicator

Real Cloud Indicator is yet a great development for the trend-based traders. This indicator confirms traders about the current market trend and also signals for any possible trend reversals. It doesn’t plot signals very frequently but can be applied for both scalping and day trading purposes. Moreover, it can be applied to trade all kinds of forex currency pairs in the market.

Real Cloud Indicator offers a great simplicity in trading for the traders who always wish to stick with the market trend. Therefore, it can be a great choice for newbie traders for keeping the progress steady in the market.

Real Cloud Indicator Overview

Once you’re done with the installation of the indicator on your mt4 platform, your trading chart will appear like the following image:

Real Cloud Indicator Overview

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Real Cloud Indicator Explanation

Real Cloud Indicator applies a dual moving average system for plotting the trend signals. It combines a 9 and 76-day moving average and calculates them based on both exponential and linear weighted methods. The indicator bars turn white when price moves above its cloud signaling the bullish trend of the market.

Real Cloud Indicator Explanation

On the other hand, price drops below the indicator cloud with the bars turned into blue means the market is in a bearish condition.  Once a trend is confirmed, your job is to look for a price action signal for finding a suitable spot to enter the market within a valid trend direction.

Real Cloud: Buy Conditions

Real Cloud Buy Conditions
  • Price moves above the indicator cloud
  • The indicator bars turn white
  • A bullish candle forms right above the indicator cloud
  • Buy triggers when the above conditions are met
  • Set stop loss below the current level of the indicator cloud
  • Exit long/take profit whenever price candles start closing inside the cloud areas

Also Read: Exness Broker Review

Real Cloud: Sell Conditions

Real Cloud Indicator 1
  • Price moves below the indicator cloud
  • The indicator bars turn blue
  • A bearish candle forms right below the indicator cloud
  • Sell triggers when the above conditions are met
  • Set stop loss above the current level of the indicator cloud
  • Exit short/take profit whenever price candles start closing inside the cloud areas

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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which 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.