Arrow Trend Surfer v 1.1 - give you the best entery point
Arrow Trend Surfer v 1.1 is a trend indicator that is designed to make it easier for a trader to find the future direction of price. The indicator helps to smooth out the price movement and eliminate the market noise to form a clearer picture of the existing trend and give you the best market entry point with + 95% accuracy!!! (These are the words of the seller). Is this even possible? The indicator is not repainted, which is not unimportant.
Characteristics of the Arrow Trend Surfer v 1.1
- Platform: Metatrader4
- Currency pairs: Any currency pairs, recommended major
- Trading Time: European and USA trading sessions
- Time Frame: M1-D1
- Recommended broker: Alpari, Forex4you, RoboForex
How it works? Trading rules
The indicator emits many signals. Some signals follow one after another literally in the interval of one candlestick or without an interval at all. This happens when the direction of the price contradicts the direction of the arrow. And then the indicator on the next candle gives out a new signal in the same direction. And here an additional filter involuntarily suggests itself.
Otherwise, trading is reduced to banal following the indicator signals:
BUY - blue up arrow.
SELL - red down arrow.
Stop Loss should be set a few pips above/below the local high/low:
Take Profit - depending on the time frame and volatility of the currency pair. On higher timeframes, a trailing stop can be used.
The archive with the indicator contains Rules.txt, which contains trading recommendations from the author. You can check them out by downloading it at the bottom of this post.
The author of the indicator claims that the indicator does not delayed. And here I will allow myself to disagree with this statement. Because it is clearly seen that the signals appear much later than the beginning of the trend. Sometimes, a signal appears when the trend has already subsided and a correction or reversal begins:
In general, the author, like any seller of his goods, tells us about the many advantages of his creation, turning a blind eye to its shortcomings. Here is a beautiful video presentation:
In the settings of the indicator, you cannot control the analysis of the market situation. There are simply no settings in the indicator parameters.
My analysis of the signals of this indicator has shown that the indicator can perform well in the short term. Within 1-3 candles. And therefore, in my opinion, Arrow Trend Surfer will be more interesting in scalping trading or binary options trading with an expiration of 1 candle. But in any case, before real trading, testing in real time on a demo account is imperative.
In the archive Arrow_Trend_Surfer.rar (10.0 Kb):
- Arrow_Trend_Surfer template.tpl
Free Download Arrow Trend Surfer v 1.1