HalfTrend v1.02 is an analogue paid indicator by Karl Dittmann called BuySellArrowScalper. Often have to deal with paid indicators, which are created by the authors of the publicly available indicators with a few additions or corrections. And BuySellArrowScalper no exception. HalfTrend v1.02 indicator is based on of popular indicator Ozymandias, which reliably monitor the trend in the market and filters sharp fluctuations and market noise. HalfTrend v1.02 not repainted after closing the signal candle and not delayed and is a good complete trading instrument.
Characteristics of HalfTrend v1.02
- Platform: Metatrader4
- Currency pairs: Any, recommended major
- Trading Time: Around the clock
- Timeframe: Any
- Recommended broker: Alpari
Rules of trade by HalfTrend v1.02
HalfTrend v1.02 shows the signals at the entry into the market in the form of arrows red and blue. In the settings you can set an alert sound signal, a dialog box or on Email.
Open the short position, when there was a red down arrow. Stop Loss set a few pips above the local maximum.
Exit, with the appearance of the blue arrow and the blue line:
Open the long position, when there was a blue arrow pointing up. Stop Loss set a few pips below the local minimum.
Exit, with the appearance of the red arrow and the red line:
More clearly a few trades are shown in this video:
In the archive HalfTrend.rar:
Free Download HalfTrend v1.02