Fiji Trend forex indicator MT4 is an effective trend-following indicator that displays buy and sell entry signals. It works best for solid market trends.
What makes Fiji trend Indicator MT4 worthwhile?
Traders can combine the Fiji trend indicator with other valuable hands to filter out fake signals and increase weak market trends. Its signal arrow reveals the next possible move of the market trend.
The Fiji trend displays buy and sells signals on the top forex trading chart, which helps to keep an eye on overall market conditions. In addition, it is compatible with different timeframes and currency pairs, making it very useful.
How to trade with Fiji trend Indicator?
You can easily buy and sell by following the signal provided by the indicator.
Fiji trend is usually used with moving averages because it helps in trading. When the chart price is above the moving average, it indicates a bullish trend. We use a 200-period EMA (Exponential Moving Average) in this case. The candle will close when the green arrow appears and open a buy trade.
Fiji’s continuous arrow line (aqua) will now follow the price till the end of the current cycle. Set your Stop Loss(SL) below the last swing low of the market. Then, take profit at the arrival of an opposite arrow or use a 1:2 risk-to-reward ratio.
A price below the moving average indicates a bearish trend, opening the sell trade when the candle closes. Fiji’s continuous arrow line (yellow) will now follow the price till the end of the current cycle. Take profit at the arrival of an opposite arrow or use a 1:2 risk-to-reward ratio. Set your Stop Loss(SL) above the last swing high of the market.
Inputs to Fiji trend indicator MT4
The following table shows the input table. You can change the default settings from the input tab. Then, experiment with the settings and parameters to fit your personal preferences.
Money management is essential in trading. Emotions and psychology are vital qualities of a good trader. You can only be a good trader once you know the exact trading trends. Avoid trading during unfavorable times and market conditions like low volume/volatility, beyond major sessions, exotic currency pairs, wider spread, etc.
The Fiji Trend forex indicator MT4 is well worth adding to your trading collection to understand forex market trends better. This indicator will enhance your chance of success by providing selling and buying signals. it can also be used with supply and demand strategies.