Best Binary Options Broker!
Perfect Choice For Beginners and Middle-Level Traders!
Free Demo Account! Free Education!
Trend Indicator with Free Trading Signals for MT4 – TrendViper
The long-awaited non-repainting trend indicator and visualizer is finally here. If you use Moving Averages in your trading this indicator is a must-have. This indicator is a fantastic tool for any type of trader, binary options, CFD or Forex.
It generates fully configurable trading signals that are shown in a popup or can be delivered via email or to your mobile. However, this indicator can do a lot more!
Here is a first glimpse at how it looks on the MetaTrader 4 platform.
There are many features that make this indicator extremely useful. It is mostly based on moving averages and crossovers, however, it also features a live display window with additional, very useful information that will empower your trading.
Here is a close up with a brief explanation of each feature within the display.
The TrendViper indicator Display for MT4
The beauty of this indicator is that it can be used in many ways. Below is detailed a break down of all the features and options that are shown in the display.
Shows current trend direction based on set MA crossovers. When the fast MA is above the slow MA, the trend direction rectangle turns green. If the fast MA is below a slow MA, the rectangle turns red. This logic applies to all trend settings. Moving averages and crossovers are the most fundamental trading tools used by most professional traders.
Trend direction on upper time frames
These two smaller square boxes show the current trend (the position of the fast MA in relation to the slow MA) on two upper time frames. If you trade a 5-minute chart these two boxes will show you the trend with the same MA settings on the two upper time frames, namely M15 and M30. If you trade H1 chart, the boxes will show the current trend on H4 and D1. This is helpful in establishing the dominating trend.
Current price – changes with each tick
This is the current price of the asset. This is color-coded information and changes with each tick. When the price is going up the color of the price changes to green, when it is going down, it changes to red. As the current price changes with each tick, it is ahead of any other information such as the candles (on a candle chart) or trend boxes. Some traders find trading opportunities by looking at the speed of price changes alone.
Candle time – the countdown
The candle time shows how much time remains to the next candle. So if you’re trading on a 5-minute chart this countdown will start from 00:05:00 at the start of each candle and go down to 00:00:00. This is especially useful in timing your entries in binary options or spot forex. The candle time is shown in red only. (Please note that this is not a typical stopwatch countdown but one that is dependent on the price movement of the candle it measures.)
The most obvious feature in the display. It simply shows the direction of the current candle. Green is bullish, up and red is bearish, down. It might be useful for traders who don’t use candles on their charts or they are not color-coded.
Candle direction on upper time frames
These three small boxes show the current candle direction on upper time frames. If you’re trading the 5-minute chart the boxes will display the current state of the candle on M15, M30, H1 charts. This is useful in establishing the prevailing trend at the present moment.
Best Binary Options Broker!
Perfect Choice For Beginners and Middle-Level Traders!
Free Demo Account! Free Education!
BUY and SELL alerts – Free Trading signals
TrendViper might become the only indicator you’ll ever need. Many professional top traders use moving average crossovers in their trading. Some expert traders, such as James Rochbach even admit that that’s the main thing they look at because moving averages smooth out the price action and remove the market noise.
TrendViper is programmed to generate BUY or SELL alerts each time two moving averages (fast MA and slow MA) cross. The default setting is 10/50. This was based on a technical study that revealed the highest wins near those settings, known as the Golden Cross.
However, the default settings of 10/50 can be modified and adjusted. Some traders prefer to use 15/30, or 10/20, and long term traders prefer 50/200. If you’re not an experienced trader we recommend keeping the default settings.
Here is a screenshot of a good SELL signal setup on EURUSD H4 chart. A popup with sound alert would have been generated at the time of the signals. It’s also possible to configure TrendViper to send its alerts via emails or phone.
When it comes to setting the MAs, the lowest the numbers of the moving averages the more signals will be produced. 10/20 MA combination will produce many more signals than 10/50 MA for example.
Note to BinaryViper users. If you use our free Binary Viper indicator, we recommend a setting of 4/10 and entering the trades only if the TrendViper signal comes right after a signal from Binary Viper in the same direction, as close as 1-4 candles. You can also work out a different system, if needed.
When NOT to trade the Buy /Sell signals
It’s important to understand that although these signals can be quite accurate, they will require your approval. TrendViper is a non-repainting indicator, but like most indicators, it lags behind the price action. TrendViper should not be traded in sideways markets or during major economic releases. Also, we recommend trading M15, M30, H1, H4, D1 time frames. Trading the signals on M1 charts can be risky.
The example image above shows how contracting Bollinger Bands, sideways price movement, and sudden spikes in price can be good indicators of when to stay away from the signals.
Trade with TrendViper indicator during busy market hours
This MT4 trend indicator helps to recognize and follow trends. It works best when there is a lot of liquidity in the markets, namely during the busiest market hours. This is during the overlap of London and NewYork trading sessions.
TrendViper customization options for MT4
TrendViper indicator is fully customizable and can be successfully used on its own or in any trading system.
TrendViper is first and foremost a technical tool used to improve your trading and enhance your trading experience. Although it will work great out-of-the-box, it is programmed to offer you many additional options and configurations. Below is a screenshot of all the possible settings within the TrendViper. This screenshot also shows the indicator’s default settings. To modify them within MetaTrader4 go to Charts – Indicator List and click on TrendViper.
True enables arrows and activates free BUY/SELL trading signals. False hides arrows and turns off the trading alerts.
Show Moving Averages
True shows the moving averages on the charts. False hides them.
Fast MA Period and Slow MA Period
This is where the crossover settings can be modified to accommodate your trading strategy. By default this is set to 5 and 50. The position of the Fast MA in relation to the Slow MA defines the trend color in the Trend Direction boxes in the display.
Use Auto TFs
True uses automated three upper time frames seen in three boxes in Candle Direction. These can be set to False and customized manually. For example, you could set it to display the H1, H4, D1 candle direction across all time frames.
Activating free email and text signals
To activate email or/and text alerts set them to True.
In order for email or text notifications to work, you will need to configure the main contact settings within your MetaTrader installation.
TrendViper works well straight out-of-the-box
The great thing about the TrendViper indicator is that it is a fast, very lightweight and well-programmed software. It works beautifully. Some indicators take up a lot of processing power and noticeably hinder the performance of MetaTrader. Our indicator can be put on multiple charts and it will still perform very well. This is what our indicator will look like right after installation.
The default settings have been optimized for most types of trading with emphasis on short term trading.
Free TrendViper Histogram supporting indicator
The supporting color-coded histogram can be used in conjunction with the main TrendViper indicator. It follows similar programming based on two fast and slow averages just like MACD. The default settings are also 10/50 as in the main indicator. It serves as additional visual support.
The TrendViper histogram is a completely separate indicator that works entirely on its own. It is included FOR FREE with the TrendViper indicator.
Capture big market moves and trends
This indicator can produce amazing results. As the name suggests the Trend Viper is all about detecting trends by following the analysis of price action. It’s easy to install, easy to run, easy to configure, and very useful in technical analysis. In addition it generates buy/sell signals which can be configured and adopted into any trading system. Because it is a non-repainting indicator and smooths out the price action it lets you capture and follow trends. This is good especially in Forex trading but it can also be used successfully in binary options trading with longer expiry times.
Below is a video of TrendViper in action. This video is about 3 minutes long but shows about 2 hours of trading time on M1 USDJPY chart, hence the slight choppiness. (Trading on 1 min chart is not recommended, this is for illustration purposes only)
Here is a full list of the features of TrendViper indicator for MetaTrader4:
- Works on all time frames
- Includes innovative display with useful information
- Gives instant insight into upper time frames
- It’s a NON-repainting indicator
- Can be used in forex or binary options
- Helps to recognize and follow trends
- Free BUY / SELL trading signals marked by UP / DOWN arrows
- Can be used on its own or with other indicators for additional support
- Includes sound alerts – may be switched off
- Includes a pop up alerts – may be switched off
- Includes email alerts – may be switched off
- Includes text messaging – may be switched off
- Includes FREE TrendViper histogram – a configurable supporting indicator that may also be used on its own
- Settings and BUY/SELL Signals can be configured by the user (MAs, alerts, colors, lines, time frames, etc)
- Free installation support!
TrendViper is a technical indicator and a tool for MetaTrader 4, a free trading platform. This is not a get-rich-scheme and we do not guarantee success. The indicator will produce automated buy and sell signals but they should be confirmed manually for better accuracy and risk management. Trading financial markets involves a high degree of risk to your invested capital.
Installation of TrendViper
Installing your professional mt4 indicator is as easy as installing and running any MT4 indicator. Follow these steps to get started in your MetaTrader4:
- Go to File and choose Open Data Folder.
- Copy the downloaded and extracted TrendViper indicators into MQL4 / Indicators folder.
- Close MetaTrader and the Data Folder too. This step is important.
- Reopen the MetaTrader software
- Go to Insert / Indicators / Custom and choose TrendViper and/or TrendViper Histogram
- Your indicator/s will load onto the screen and you’re ready to trade!
In order to move the price action to the left to allow space for the TrendViper display click the following button in your MetaTrader software
TrendViper MT4 Trend Indicator – [Cost $45]- No-repaint Forex Indicator
TrendViper MT4 Trend Indicator – [Cost $45]- No-repaint Forex Indicator
Custom MT4 Trend Indicator With Free Signals
No-repaint Forex Indicator For Finding And Following Trends In MetaTrader 4
When you start using this MT4 Trend Indicator, you will be able to detect stronger trends and follow them until they reverse. TrendViper is a non-repainting, trend-following, fully customizable technical indicator for the Meta Trader 4 trading platform.
Recognize strong trends and capture bigger market moves.
The MT4 Trend Indicator will help you to detect real trends in the markets. It provides easy-to-follow and uncluttered overview of price fluctuations.
Using ten indicators at once is often confusing and counter-productive.
The main job of the TrendViper is to smooth out the price action and eliminate market noise to form a clearer picture of the existing trend.
In Forex, as well as option trading, the big money is made by following the bigger trends.
However, detecting bigger trends early is a real challenge for most traders.
This is where the TrendViper will come in handy. This MT4 trend indicator is designed to be very intuitive and easy to use. Yet it also features many advanced settings for professional traders.
Experience the informative on-screen Smart Display
The Smart Display window positioned on the right corner of your trading chart shows dynamic price information by every tick.
In addition, the Smart Display will give you immediate insights into trend position and candle direction on upper time frames.
As result, there is no need to track this information on separate charts.
The TrendViper on-screen display shows color-coded information, such as:
1. Trend Direction on Upper Time Frames
The color-coded squares represent the trend on upper times. So if you are looking at a 1 Hour chart, these squares will show the existing trend analysis on a 4 Hour and Daily charts.
2. Trend Power bar represented by ADX
This unique power bar displays the strength of a trend based on the Average Directional Index. When the trend is strong, the ADX power bar starts to display green bars. (More on this filter in the Technical section below)
3. Current Price in dynamic view
The Current Price follows each tick of the price action that is provided by the feed from your broker. This price changes color dynamically. When price goes down the values are shown in red, when the price goes up, values are shown in green.
4. Candle Time countdown
Below the dynamic price is a candle counter which monitors the remaining time of each new candle on the chart. If you are in on a 4Hour chart each candle is 4 hours long. This timer will count down to the next candle. This is can be very useful for timing your trades.
5. Candle Direction on upper time frames
These colored squares show the current direction of the candles on upper time frames. These values can also be configured in the indicator’s settings to show candle direction on any time frame. This feature is useful for timing your trades.
The Smart Display visible on the screen can be switched ON or OFF in the indicator’s settings.
Turn native MT4 charts to easy-to-follow chart layouts
Some users find the default MT4 chart templates confusing and raw. However, the beauty of MetaTrader is that it is highly configurable.
Trading on clear charts is a lot easier and usually less time consuming. It also requires less focus and helps to make trading decisions easier, especially with the TrendViper trend indicator.
The template below shows a native chart on MetaTrader 4. Just by looking at it you can see that there is a lot of information to understand and to process. Sometimes it’s just overwhelming.
Now, here is a screenshot of the same chart, but running the TrendViper indicator with a dark template (which comes with the Indicator file).
As you can see, it provides a much clearer picture of the price fluctuations and possible buy/sell opportunities.
This type of representation of the price action and trend formation is much easier to follow.
If you want to switch your charts from the default MT4 charting to TrendViper charts, all you need to do is to apply one of the TrendViper templates which come with the indicator.
(Please note that the TrendViper V3 indicator must first be added to the Indicators folder for the templates to work correctly.)
Get free trading signals without any subscription fees
TrendViper is a technical, non-repainting MT4 trend indicator that issues free UP/DOWN (Buy/Sell) signals.
TrendViper will generate trading signals based on predefined settings. The UP and DOWN signals will notify you of each new trading setup as defined in the indicator’s settings.
In addition to big arrows drawn on the charts the signals can be delivered as a small pop up window with a sound alert (as seen in image), email message, or a push notification sent to your mobile device such as phone or tablet.
Once the trend indicator is installed and running, you will be able to receive free trading alerts continuously without any subscription fees.
The pop up alerts will notify you of each TrendViper signal – conditions defined by the TrendViper indicator and/or the user. You will no longer need to stay glued to your monitor screen for hours waiting for a favorable setup.
Use H4 and D1 charts for greater accuracy of the signals and to capture bigger market moves. The truth is that for most Forex traders, more trades doesn’t always translate into greater profits.
One to two good trades a week is all you really need to succeed in Forex.
Once you receive a signal, we recommend taking a look at your charts to confirm it with the price action pattern and the Smart Display.
Signals can be sent to your mobile or email
In addition to arrows on the chart and pop ups in MetaTrader, the trend indicator will also send email alerts and push notifications to your mobile.
The email alerts, as well as other notifications can be switched ON or OFF in the indicator settings.
The trading signals can also be delivered to your mobile via a push notification. In order for this to work you will need to install the Meta Trader 4 App on your mobile phone.
Push notifications are sent instantaneously and they are delivered much faster than email. Email delivery is usually slower because it goes through third-party servers that can delay the entire process.
In order to receive the trading signals to your email address or your phone, your MetaTrader 4 needs to be configured with your server details, email account, and a phone number. Your MT4 platform also needs to be running.
Fast and lightweight, Trend Viper can run on multiple charts.
Unfortunately many custom MT4 indicators work slowly. Sometimes they can even crash the MetaTrader 4 terminal.
What makes things worse is that when you try to remove them from MetaTrader 4, they leave a logo or other objects on your screen.
TrendViper is very easy to install and uninstall, if required. Although this trend indicator is a comprehensive tool, it still remains very lightweight.
Our Meta Trader 4 trend indicator was programmed from the ground up to be extremely fast and responsive.
Not only will it run on multiple charts, but it can also run with different settings on each chart.
The end result is that you can easily run TrendViper on multiple charts without slowing down the performance of your MetaTrader 4 terminal.
Completely transparent trend detection system
There are many custom Forex indicators out there that hide certain information from users. For example, some indicators will generate buy and sell arrows on MA lines crossovers but they will hide the Moving Averages and only show the arrows.
This is done mostly to make users believe there is a lot of complex calculation going on in the background, where in some cases this is simply not true.
We show the MA lines by default but there is an option in the MT4 Trend Indicator settings that allows to hide these lines, so that only the UP/DOWN arrows are visible on the chart.
However, we feel a trader should always be well informed and seeing the layout of the MA lines helps in determining the structure of a trend.
UPDATE – In the new version 3 users have an additional option to use a single line to mark the crossovers, as seen in picture below.
We feel that this is a welcome addition to the system because it allows for faster and easier analysis of the MA crossovers and to see the prevailing trend.
Technical explanation of how the trend indicator is built.
This section gets quite technical. Read only if you interested in technical aspects. Otherwise, skip to next section.
At it’s core, the TrendViper indicator is based on Moving Average Crossovers, Average Directional Index (ADX), and Additional Filters based on upper time frames.
In the indicator’s default settings the green line represents a fast moving average of 5 EMA (Exponential Moving Average). The red line represents a slow moving average of 50 SMA (Simple Moving Average).
When the fast MA is above the slow MA the indicator will point to an Uptrend, which is marked in green on the Smart Display. When the fast MA is below the slow MA, the indicator will show a Downtrend, which is marked in red.
Moving Average Crossovers
The arrows and the trading signals are automatically generated when the two (fast and slow) moving averages cross each other and when the specified ADX (Average Directional Index ) threshold is met.
Moving average crossover signals are good indicators of changing trends but they perform best when markets are trending, not when markets are consolidating and contracting.
To maximize the winning potential of the moving average crossover strategy in adapting markets we added a few additional filters:
ADX Power filter
The main signal filter in the system is based on the Average Directional Index, ADX, which is used to quantify the strength and intensity of a trend.
Generally, it is accepted that when the ADX level is above the value of 25 there is a considerable price movement which points to a presence of a trend.
The default ADX filter threshold for the arrows and the signals is set at 25. (This can be modified in the settings. Some traders consider 22 or even 20 ADX to be a good enough value. Lowering the ADX threshold will result in more signals being generated by the system.)No signals will be generated if the ADX level is below the set threshold.
On the Trend Power bar visible in the Smart Display all red bars represent values below 25. The first green bar is a value above 25. The actual values of the ADX power bar visually represented in bars are as follows: 0-10 /11-15 / 16-19 / 20-23 / 24-25 / shown in red and 26-30 / 31-35 / 36-50 / 51-70 / 71-100 shown in green.Naturally, more green bars indicate higher ADX value which suggests a stronger trend.
Upper Time Frame filter
The setting Confirm on Next Upper Time frame can be used to filter the crossover signals by looking at the trend direction on the next upper time frame. The trend on the upper time frame is calculated using the exact same settings.
By default, this option is turned off but you can quickly change it in the indicator settings by choosing option ‘True’. In some instances confirmation of the trend on higher time frames can save you from potentially trading against a predominant trend.
When this option is turned on and you’re trading on H1 chart and you get an UP (Buy) signal, then the trend on the upper time frame, in this case H4, will also have to be bullish.
In addition to the signals’ filter in the indicator settings, one can also reference the direction of the trend on 2 upper time frames by looking at the Smart Display. In the default automatic setting the Smart Display will show the trend direction (according to the defined MA crossovers) on the next 2 upper time frames.
For example, if you’re trading on H1 chart, the Display will show the trend direction on H4 and D1 charts. (In the indicator settings this can be set to a manual mode and any two time frames can be chosen by the user.)
MA Crossover filter
By default, the signals will be generated after MA crossover with a confirmed closed candle (On Bar Closed), but the alerts can be configured sooner.
For example Immediately after the MA crossover or with Minimum Distance in Points which can be defined in the next setting. The signals will still need to meet the set ADX threshold to be issued. The default option will generate a slightly belated signals but most traders prefer each MA crossover signal to be confirmed with a candle close.
Fully customizable. It can work with any trading system.
The TrendViper trend indicator is a powerful tool that can be used successfully by novice, as well as, professional traders. Essential technical and visual aspects of the indicator can be modified to suit one’s trading style or personal trading preferences.
The TrendViper MT4 trend detector can be configured to trade any asset and on any time frame.
Here is a breakdown of all the available settings and options with a brief explanation for each.
Variable – Value – Short explanation
- Count Bars – 1000 – The amount of bars used for upper time frame filter (leave at 1000)
- ADX Filter Signals – True / False – Turns On/Off ADX filtering on MA crossover signals
- ADX Treshold – 25.0 – Signals will be generated only if ADX is greater than this number (from 0 to 100)
- Show Arrows – True / False – Show or hide signal arrows on the screen and turn On/Off trading signals
- Alert Condition – On Bar Closed / Immediately / Immediately with min. distance – Issue signals after MA crossover and candle close. This can be set to immediately after MA crossover or immediately with defined points
- Min Distance (points) – 5 – Define the points number for the above setting of Immediately with minimum distance alert condition
- Confirm On Next Upper TF (time frame) – False / True – Signals will be generated only if the same trend is confirmed on upper time frame
- Show Lines – Moving Averages / Crossovers / None – Show both Moving Averages on the chart, show crossovers as a single line, or do not show any MAs on the chart.
- Pop Up Alerts – True / False – Turn on and off pop up alerts with sound on MT4
- Email Alerts – True / False – Turn on and off email alerts
- Notifications – True / False – Turn on and off push notifications to mobile
- Fast MA Settings: Period – 5 – Define the fast Moving Average period
- Fast MA Settings: Method – Simple / Exponential / Smoothed / Linear Weighted – Define the type of the fast Moving Average
- Fast MA Settings: Apply To – Close Price / Open Price / High Price / Low Price / Median Price / Typical Price / Weighted Price – Define the fast Moving Average application
- Slow MA Settings: Period – 50 – Define the slow Moving Average period
- Slow MA Settings: Method – Simple / Exponential / Smoothed / Linear Weighted – Define the type of the slow Moving Average
- Slow MA Settings: Apply To – Close Price / Open Price / High Price / Low Price / Median Price / Typical Price / Weighted Price – Define the slow Moving Average application
- ADX Period – 14 – Changes ADX setting. 14 is used as standard
- ADX Apply To – Close Price / (options as above) – Define the ADX application
- Use Auto TFs – True / False – Set automatic detection of upper time frames in Candle Direction to on and off. If this feature is set to false, you will be able to manually enter the time frames for the Candle Direction. Use Custom TFs for manual settings.
- Custom TF 1, Custom TF 2, Custom TF 3 – 1 Hour, 4 Hours, 1 Day – Custom settings for time frames of candle direction. Can only be used if previous Use Auto TFs setting is set to False. You can choose any time frame that is available on your MT4 terminal.
- Show Panel – True / False – This setting shows or hides the Smart Display on the charts
- Text Color – White – Modify the color of the indicator’s visible text and arrows on the screen
Although this MT4 trend indicator is very versatile and can be used in any trading system, it also works very well with its default settings. (See backtesting results below.)
In order to configure and tweak this indicator you can experiment with modifying the most important settings in TrendViper, which are:
- Fast MA Period (default is set to 5 EMA)
- Slow MA Period (default is set to 50 SMA)
- ADX threshold (default is set to 25)
The default settings on TrendViper are optimized for short term trading. Settings can be modified to reflect your trading strategy.
Another very good setting for short term traders is with 5 EMA and 13 SMA, which are both Fibonacci numbers. You can leave the ADX threshold at 25 or reduce it to 19 for more signals.
Long term traders might use 50 SMA / 200 SMA (Simple Moving Average) or 21 EMA / 100 SMS or 200 SMA. There are many possibilities, refer to our guide on Moving Averages Crossovers for more information.
Here is a quick look at fully automated results.
TrendViper can be used in many ways. The indicator was backtested on Meta Trader 4 within an expert advisor to see how it performs. We used the most precise measuring method with historical price data. We found that the indicator performed very well on EURUSD H1 and a slight change of the ADX threshold resulted in different returns.
These are fully automated results used with historical price data. Past results do not guarantee future results.
The TrendViper indicator should be used with human input in the trading process and analysis of price action patterns. However, the above results are good examples that show how this indicator can perform.
Easy to follow strategy. No need to over-complicate your charts.
The beauty of the TrendViper indicator is that it is simple to use but also very versatile. Many novice traders over-complicate their trading charts, sometimes viewing more than 5 indicators at once.
In these type of a set ups some indicators will send conflicting signals and the user may feel mentally exhausted after each trading session.
When it comes to financial markets a simple strategy is often considered to be much more effective. Here is a brief look at a simple trading strategy that can be used with TrendViper.
1. Observe the two MA lines (fast MA and slow MA) and the histogram color change. When the fast MA (green line) crosses the slow MA (red line) it may be a potential trade. You will also receive a signal alert (arrow, popup, and email or push notification)
2. Confirm the signal with the Trend Power bar which represents the ADX level. Presence of at least one green bar indicates ADX level is above 25 and confirms the presence of a stronger trend.
3. Confirm the signal with the trend on upper time frames. If the trend on the upper time frame is the same, there is a greater probability that the trend will continue.
4. Finally, you can confirm the signal with the candle on upper time frames. If the candle shows the same direction of the trend, it might be a good time to enter.
One of the best trading setups, reaching a high success rate is when there is a MA crossover signal and all the other indicators in the TrendViper display visible on the chart support it and point to the same direction as the signal.
This does not happen very often but it does happen occasionally and when it does, it is a clear indication of the prevailing trend.
So if the signal is up, indicating a bullish trend, all supporting indicators in the Smart Display are in green.
If the signal is down, indicating a bearish trend, all supporting indicators in the display are in red. (With the exception of the Trend Power bar which sould show at least one green bar, indicating the presence of a stronger trend, see picture).
Trend Viper MT4 Trend Indicator Review
In this post I will be reviewing the Trend Viper MT4 Trend Indicator. This is a professional and customisable trend indicator and dashboard for the free MetaTrader 4 trading platform which gives you reliable buy and sell signals into current market trends. Not only will it give you the signals for entering and exiting trades but it also display indicators and a dashboard that gives you a clear overview of the current trend across multiple timeframes. This includes the trend direction and trend strength, colour coded for fast trend analysis. It is very easy to understand, interpret and to trade with making it suitable for beginner traders whilst also being a very useful trading system for the more advanced trader.
Trend Viper MT4 Trend Indicator Review Screenshot
Trend Viper MT4 Trend Indicator Trading Strategy
In a nutshell, the Trend Viper trading strategy uses a combination of MetaTrader 4 trend indicators as it combines moving average crossovers, ADX filter and multiple timeframe analysis – all in one easy to view dashboard. Price action is also a key part of the strategy. The settings are fully customisable so you can choose the timeframe and values for analysis tailored to your requirements. It is always to the trader’s advantage to trade in the direction of the trend provided the entry is when an established trend began forming and not as it is slowing down. The Trend Viper MT4 Trend Indicator does a good job at identifying good entry points into valid trends whilst filtering out ranging market conditions. It does not repaint so the signals remain valid even after the candles have closed which also makes it suitable for visually back testing. It can be used on any currency pair and any timeframe and will also show you the trend direction and strength on greater timeframes to ensure that you trade only in the direction of short, current and mid-term trends. You can use the Trend Viper MT4 Trend Indicator to filter your own trading strategy entries or you can use it as a standalone trading system and take the buy/sell signals that it generates for you. This takes all of the guess work out of your trading and makes life a lot easier. You can even use an opposite signal for an exit point. I would recommend the h1 charts and above for the most reliable signals and to filter out some noise from the lower timeframes. You should also use good money management and try to keep your risk to reward ratio at least 1:2 so that winning trades outweigh the losing trades. That way, you would only need less than a 50% win rate and still be in profit. I would also say that it would be best to use this trading system on the major currency pairs as they tend to form bigger and more frequent trends whilst they also have lower spreads and plenty of liquidity.
Trend Viper MT4 Trend Indicator Review Screenshot Signal
Trend Viper MT4 Trend Indicator Summary
Overall, the Trend Viper MT4 Trend Indicator is excellent at what it does which is identifying trends. You can use it as a powerful filter for your own trading strategy or as a complete trading strategy. It makes the process very fast and easy removing all the confusion from having multiple indicators on your charts as all information is displayed on your chart in the colour coded dashboard. Buy and sell signals are generated when there is a good entry opportunity into the trend and will be displayed in a pop up window with sound alert on your terminal, sent via email and/or as a message to your mobile phone. Signals are clearly identified by viewing the dashboard which will be all red for a strong sell opportunity or all green for a good buy opportunity. You can follow multiple timeframes and multiple currency pairs completely stress free and only take the ideal trend trading opportunities for consistent profitable trades – the trend is your friend! Be sure to use smart money management and this could well be the only manual trading strategy you will ever need. It is very reasonably priced at just $67, has full detailed instructions and videos explain how to use it as well as full support. It also comes with a 30 day money back guarantee.
Best Binary Options Broker!
Perfect Choice For Beginners and Middle-Level Traders!
Free Demo Account! Free Education!