Free Forex Indicators (MT4), Trend Following Indicators

Trend Striker Extreme

Trend Striker Extreme is a simple trend-following forex trading indicator, specially designed for newbie traders. It signals the current trend status based on the last 48 candlesticks over the selected period of time. It also shows the trend strength and spread information on the top left of the chart. Trading forex using the Trend Striker Extreme indicator is so easy that traders with any level of experience will be able to apply it for real trading purposes.

Trend Striker Extreme can be applied to trade all kinds of forex currency pairs. Besides, this indicator suits with all sorts of timeframe charts within the MT4 trading terminal.

Trend Striker Extreme Overview

After the installation of the indicator in the MT4 platform, your trading chart will appear like the following image:

Trend Striker Extreme Overview

Trend Striker Extreme Explanation

Trend Striker Extreme Explanation

Trend Striker uses a very simple technique to demonstrate the trend signals of the market. It plots colored vertical lines in order to signal the market trends. The color of the lines turns blue when the trend is bullish and turns red in case of the bearish trend.

Whenever the indicator signals a change in the market trend, you’ll need to look for a candlestick bar that matches the trend signal for the confirmation of opening a position. For trade exits, either you can wait for an opposite trend signal to your entry or you can exit when your desired risk to reward ratio is achieved.

Trend Striker: Buy Conditions

Trend Striker Buy Conditions
  • The indicator plots blue vertical lines below the price bars
  • A bullish candle closes in line with the bullish trend signal
  • Buy triggers at the break of the respective bullish bar’s high
  • Set stop loss below the current market low
  • Exit long/take profit whenever your trade hits your desired target or the indicator signals for the bearish trend 

Also Read: CAP Channel Indicator

Trend Striker: Sell Conditions

Trend Striker Sell Conditions
  • The indicator plots red vertical lines below the price bars
  • A bearish candle closes in line with the bearish trend signal
  • Sell triggers at the break of the respective bearish bar’s low
  • Set stop loss above the current market high
  • Exit short/take profit whenever your trade hits your desired target or the indicator signals for the bullish trend

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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