Neuro Trend is a forex trading indicator. The Neuro Trend forex indicator is a trend following forex trading indicator, suitable for swing traders. Although the Neuro Trend indicator generates the trading signals in the counter-trend direction, you should only take the trades in the direction of the general trend of the market. The Neuro Trend indicator is helpful in a trending market environment, and it might be useless in a sideways mt4 market, so be sure to use it in an mt4 trending market.
Neuro Trend is a simple forex indicator, and it does not need any pre-understanding of the forex market. It is also equally beneficial to experienced traders to keep their portfolios growing. When the Neuro Trend forex indicator is correctly installed in your mt4 trading platform, your chart should look like this:
Neuro Trend forex indicator
Neuro Trend forex indicator consists of red and blue color dots, probably the buying and selling entry signals. The basic idea is to go buy when you see a blue color dot and sell when you visit a red dot. This indicator also consists of three forex moving averages. It would be best to buy when the market is above the major mt4 moving averages and vice versa. Another aspect of this forex indicator is you should see the bars formed by the market. They are not normall bars, but they are specialized bars. Therefore, you should go buy when the bars are blue and sell when the bars are red.
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Buying Conditions Using Neuro Trend Indicator
- The bars should be a light blue color.
- The market should be above the blue color and red color moving averages.
- A blue color dot should appear below the market.
- Place your long position(buy trade) as soon as the above conditions are met.
- Place your stop loss(SL) just below the recent swing low.
- Take your profit(TP) when you see a red dot above the market.
Selling Conditions Using Neuro Trend indicator
- The bars should be red in color.
- The market should be below the blue color and red moving averages.
- A red color dot should appear above the market.
- Place your short position(sell trade) as soon as the above conditions are met.
- Place your stop loss(SL) just above the recent swing high.
- Take your profit(Tp) when you see a blue dot below the market.
Neuro Trend Forex Indicator Free Download