Free Forex Indicators (MT4), Trend Following Indicators

Solar Winds Indicator

Solar Winds Indicator has been developed to guide the newbie traders with their trend-following trading activities. Its developers have kept its demonstration process so simple that it can be read, mastered, and applied for trading purposes by traders with any level of market experience.

This indicator can be applied to trade all kinds of forex currency pairs in the market. Moreover, this handy indicator suits all sorts of timeframe available within the forex MT4 trading platform.

Solar Winds Indicator Overview

Download and install the indicator on your MT4 platform. Once you’re done, find your chart like the image below:

Solar Winds Indicator


Solar Winds Indicator Overview

The indicator applies a 10-day period price monitoring system that closely observes the changes in price action, accumulates the price data, and transforms them into simple trade signals. All you need to do is to keep an eye on the indicator value. The value turns positive and the bars turn into green color when it is a bullish trend of the market. On the other hand, the bars turn into red color carrying negative value signals for the bearish market trend. The indicator value stands at the zero level means the market is sidelined or there is no market trend. If you counter an opposite trend signal to your trade entry, you may consider it as a trade exit indication.

Solar Winds Indicator: Buy Conditions

Solar Indicator Buy
  • The indicator value turns positive
  • The Solar Wind bars turn into green color
  • Buy triggers after the above conditions are met
  • Set stop loss below the low of the respective signaling candle
  • Exit long/take profit whenever Solar Winds value turn negative

Also Read: Forex No Deposit Bonus

Solar Winds Indicator: Sell Conditions

Solar Indicator Sell
  • The indicator value turns negative
  • The Solar Wind bars turn into red color
  • Sell triggers after the above conditions are met
  • Set stop loss above the high of the respective signaling candle
  • Exit short/take profit whenever Solar Winds value turn positive

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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