Recruitment of participants Easy Trend Follower MT5 (Full version)

Easy Trend Follower MT5 (Full version)



Trend following indicator for Forex and Crypto



Trend direction indicator MT5 that offers instant Buy and Sell signals for Forex and Crypto. It shows two different arrows in a chart, blue is signaling a bullish trend (buy signal) and red is signaling a bearish trend (sell signal). EasyTrendFollower is a trend following strategy very powerful at detecting and tracking the trend while effectively filtering small price movements that represent intermediate corrections but without threatening the underlying trend.

Features
The indicator does not repaint and works on any timeframe and symbol.
The indicator is suitable for scalping and intraday trading.
Real-time alerts system, push alerts, email alerts, and visual on-screen alerts.

Parameters
Bars - Number of bars for the indicator calculation.
Deviation - The strength of volatility (TO INCREASE FOR THE MOST VOLATILE CURRENCY PAIRS).
Sound Alert - Message box alerts.
Email Alert - Email alerts.
Mobile Alert - Mobile phone alerts.
Enable Dashboard - Display the information panel on the screen.



Entry Signal Rules:
Preferred Time Frames : M5, M15, M30, H1 and H4.

Long Entry (Buy Signal):
a. When the price closes above the indicator line, it generates a potential buy signal.
b. The indicator line changes its color (e.g., from red to blue) to indicate a buy signal.
c. A bullish candlestick pattern forms near or at the indicator line, confirming the buy signal.

Short Entry (Sell Signal):
a. When the price closes below the indicator line, it generates a potential sell signal.
b. The indicator line changes its color (e.g., from blue to red) to indicate a sell signal.
c. A bearish candlestick pattern forms near or at the indicator line, confirming the sell signal.

Exit Signal Rules:
Long Exit (Sell Signal):
a. When the price closes below a trailing stop level placed above the entry price, it generates a sell signal.
b. The indicator line changes its color (e.g., from blue to red) or starts moving sharply downwards, indicating a potential trend reversal and a signal to exit the long position.

Short Exit (Buy Signal):
a. When the price closes above a trailing stop level placed below the entry price, it generates a buy signal.
b. The indicator line changes its color (e.g., from red to blue) or starts moving steeply upwards, indicating a potential trend reversal and a signal to exit the short position.

It's important to practice risk management and use stop-loss orders to protect your capital when executing trades based on these signals.