In this post I will be reviewing the Buy/Sell Trend Detector forex trading system. The Buy/Sell Trend Detector is a manual trading indicator for MetaTrader 4 that attempts to anticipate market trends and send forex signals to the user so you do not have to chart watch all the time. It is easy to use and suitable for beginners as well as more advanced traders. This is a flexible trading system and gives the user freedom to trade in a way that suits them, including any time frame or currency pair.
Buy/Sell Trend Detector Trading Strategy
You can trade with the Buy/Sell Trend Detector forex trading system on any currency pair and time frame.If you dont have much time you could trade higher time frames such as the daily charts. If you prefer more action then you could use it on lower time frames such as the 15 minute charts. I prefer the larger time frames as I find that they tend to filter out noise that lower time frames can have. I also find it easier to spot trends on higher time frames.
The Buy/Sell Trend Detector will display blue and orange lines on the right hand side of the chart which give you signals when it thinks there is an opportunity to buy or sell. You do not need to take every signal and can add your own analysis as an additional filter.
There are 4 different options you can set the Buy/Sell Trend Detector indicator to – safe, medium, aggressive or custom. The difference is basically the level of filtering and amount of trades. The more aggressive the setting the less the filter so you can trade to your preferred style.
It will also generate sound alerts, email alerts and SMS alerts. This is useful because you do not need to be at your computer/laptop all the time and can even place trades on the go using the MetaTrader 4 app.
Buy/Sell Trend Detector Summary
Overall this trading strategy is flexible so can fit around your daily schedule allowing you to trade during the time you have. It is simple to understand and suitable for short, mid and long term trading.
As with any forex trading system, I would make sure that there is a good trading plan in place with sensible money management and strict trading discipline. Personally, I would cut losing trades short and try to let my winners run, locking in break even and using a trailing stop if necessary.
Ideally, I would only take trades that offer at least a 1:3 risk to reward ratio so that a winning trade is 3 times the size of a losing trade. This means that 1 losing trade will not wipe out consecutive winning trades. I would also use an ECN forex broker as I find that they tend to have some of tightest spreads, lowest commissions and reliable execution speeds.
Go end check it out now using the button below!