Auto trend forecaster is simply a technical indicator which helps to forecast the trend of the forex market. The indicator is really simple and easy to trade with. Yet it is very effective and powerful tool for forex traders. So the main idea here is to create a trading system/strategy that is based on Auto Trend forecaster indicator and that is possible. This single indicator can be used to trade profitably and consistently in forex market if the system is used being disciplined and sticking to its rules. There are certain rules of the Auto Trend Forecaster system which should be followed. Rules should not be broken in any circumstances. You should have patient to wait for the right signal.
Regarding the time frame and currency pairs, you can trade on any time frame using Auto Trend forecaster system with any currency pairs. But certain conditions have to be met in order to execute the trade. The condition is that, the market should be trending on the time frame you are using. For example if you are looking to buy EURUSD by analyzing on 15 Min chart then market should be up trending on EURUSD 15 chart. Similarly if you are looking to short USDJPY on H4, then the dominant trend on the USDJPY H4 chart should be down.
SO, Auto Trend forecaster is really a simple trading strategy which consists of only an indicator. When the Auto Trend Forecaster system is correctly loaded on your system then your trading screen should look like this:
- Auto Trend Forecaster
Auto Trend Forecaster is a custom made indicator which is a kind of moving average that is displayed on the indicator window. The main feature of this indicator is it changes the color as the trend changes. This color changing feature of Auto Trend Forecaster indicator makes us easier to execute your trade in the market. The main idea is to buy when the Auto Trend Forecaster is blue and sell when the indicator is red.
Buying Conditions Using Auto Trend.
- Market should be up trending.
- Wait for the Auto Trend Forecaster indicator to be blue.
- Place your stop just below the recent swing low.
- Take your profit as soon as the Auto Trend Forecaster turns red.
Selling Conditions Using Auto Trend.
- Market should be down trending.
- Wait for the Auto Trend Forecaster indicator to be red.
- Place your stop just above the recent swing high.
- Take your profit as soon as the Auto Trend Forecaster turns blue.
Download Free Forex Auto Trend Forecaster Indicator