Half Trend Forex indicator is the non-repaint indicator. No lagging, No later appear, No disappear. a very good indicator to trade. You can use this indicator for any time frame, any currency pairs. Indicator forecast purple arrow with purple trend line for sell confirmation. For buy confirmation, the indicator will forecast a white arrow with a white trend line. You must filter false trades by other confirmation. signals do not agree with the trend, don’t enter that trades. The arrow signal is validated after closing the candle.
How to trade with Half trend indicator.
See the above picture. (Eur Nzd currency pair, 4-hour time frame). half trend indicator combines with support & resistance indicator. price has a touch resistance line & a purple arrow appears near the resistance line. There is a strong support line. So, there is a strong downtrend. Entry point confirmed by the arrow. You can earn more than 100 profit pips with this trade.
You will fail with your strategy high impact Forex news. Therefore don’t enter trades at that time. Once, if you have running trades, secure your trades. How to do that? If your trade has profit pips move stop loss to entry point level. If your trade still in loss, place stop-loss, that you can take a risk. Because we can’t decide the future prediction of market news. Definitely market volatility will increase & you will lose your money.. If it happened you will be disappointed with Forex trading.
See the above picture (Eur jpy, 30-minute time frame). Price has touch support level, but Half Trend Forex Indicator does not issue a white arrow for buy confirmation. In this situation, if you like you can exit with your sell trade & get ready for buy. But you must wait until appear white arrow to enter for a buy trade.
This is Aud Usd, a 15-minute time frame. The trend is still up. Because price doesn’t touch resistance level. In this situation, you can open only buy trades. If the price touches the support line or resistance line you can exit your trades. If not you can exist with one of the opposite signals.