The Indestructible Trend Winner indicator is a trend indicator. Its algorithm is based on the scrutiny of the speed of the price movement and volatility of the Forex market. It shows uptrend, downtrend and ranging market prices.
Indestructible Trend Winner is an exceptional indicator that gives highly precise signals. But for a trader that wants to use it, it’s important to follow the rules on how to use it correctly for it to help you generate profit in forex. It has a unique formula that was developed by Austin Winston and his group of highly experienced traders and programmers.
The Working Principle of the Indestructible Trend Winner Indicator.
The theory behind this indicator’s algorithm is based on volatility breakout and it takes the data that was filtered by analysis of the price movement speed only. When the trend is moving up there will be a green line following the price and when the trend is moving down there will be a brown line following the price.
In case of a flat or a ranging market (this is extremely risky to trade on), the indicator displays a flat line. The trader should under no circumstances trade during this period. Also you should learn to close any open trades when a flat line starts forming. But this will require expertise to detect whether to close with a loss in case of one or not.
Timeframes and Currency pairs fit for Indestructible Trend Winner Indicator:
Indestructible Trend Winner is optimized to work on M1, M5, M15, M30, H1, H4 timeframes. But the indicator works best when used with M15, M30 and H1 timeframes.
The indicator works well with high volatility pairs such as EUR/USD, GBP/USD, GBP/JPY, EUR/JPY and others.
- Always remember to only trade during a trend and avoid trading on a ranging market prices. At a raging market, the prices doesn’t clearly go up or down when and that is why a trader should wait for a trend to start before continuing to use Indestructible Trend Winner.
- Always check the news/financial website for any major news announcements. The trader should NEVER enter a trade during or prior to major news announcements. Also if you have an open trade and you notice an important announcement, close your current open trade immediately to prevent lossing.
- Try any Forex strategy or software, including Indestructible Trend Winner on a demo account. This helps in letting you get used to the interface and working principles. You should use the strategy on a live account when you are 100% comfortable with your new strategy/software.
- Avoid risking more than 3.5-5% of your total account balance on a trade. This is a widely used money management technique which enables minimal risks for during trading.
Placing trades using the Indestructible Trend Winner Indicator
The trader should place sell order in case of a downtrend which is indicated by a red line going along the line. The signal is actually the onset of the formation of the red line.
The trader on the other hand should place a buy order in case of an uptrend which is indicated by a green line going along the price. The signal for a buy is the beginning of the formation of the green line.
For you to close any of the two orders it is good to wait for the formation of a short yellow line that indicates a high probability for a change in the trend direction.
There will also be a “UP” for Uptrend and “DW’ for Downtrend in the right corner.
Download Free Forex Indestructible Trend Winner Indicator