Bdfxtrender is a forex trading indicator. It is a very simple forex trading indicator. The Bdfxtrender is a very reliable forex trading indicator but it cannot be used alone to make effective forex trading decisions. The Bdfxtrender is a dynamic forex trading indicator it can be used to trade in various time frames like 5 Min, 15 Min, hourly, H4, and daily charts. You can use Bdfxtrender indicator to trade in trending market environment. This indicator might not perform well in ranging market. Therefore, choose the market which is trending only. You should also be careful regarding the time frame too. The higher time frame you trade the better.
When you install Bdfxtrender indicator in your trading platform, your chart should look like this:
Bdfxtrender is a technical indicator which consists of red, blue, and yellow bars. These three bar colors indicate different market conditions. The blue bars indicate up trending market. The red bars indicate down trending market conditions and the yellow bars indicate sideways market.
Buying Conditions Using Bdfxtrender.
- Market should be up trending.
- The Bdfxtrender indicator should form blue bars.
- Place your long positions as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the Bdfxtrender indicator turns yellow or red.
Selling Conditions Using Bdfxtrender.
- Market should be down trending.
- The Bdfxtrender indicator should form red bars.
- Place your short positions as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the Bdfxtrender indicator turns yellow or blue.
Download Free Forex Bdfxtrender Indicator
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