GoldTrend MT4
– is a leading indicator for Gold on MetaTrader 4
– In Update version has been added new ability on USD pairs
( AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY )
– very easy to use, even for beginners
– Stoploss and Take Profit provided– no repaint, no redraw and no lagging
When you decide to enter the global market , then there is a technical skill you absolutely must have, – which is all about trends.
Why – GoldTrend is different from others :
Not only uptrend and downtrend, GoldTrend has a special technique for finding a trend: Sideways (ranging).
Did you know : – before a trend formed, it often starts with a sideways.
Why – GoldTrend is important to you. Because you really need: – high accuracy – certainty in decision making – and you can still spare your time for daily activities
How to use it You just have to wait for a notification message and / or watch the trend change.
> Uptrend notification is the first time an uptrend begins. It means that: – There is a good chance to prepare for a Buy position. .. If you are a trading expert, you still have a chance to check your support levels. – It is time to know when to close the previous Sell position.
> Downtrend notification is the first time a downtrend begins. It means that: – There is a good chance to prepare for a Sell position. .. If you are a trading expert, you still have a chance to check your resistance levels. – It is time to know when to close the previous Buy position.
> Sideways notification is when gold has no certainty of direction. This is a good time for: 1. Close the previous Buy or Sell position. 2. You can take a break while waiting for new trend notifications after this sideways ends. 3. You can also do scalping at a lower time frame.
Example: Open 2 charts with proportional sizes (press ALT+R on chart) with time frames: H1 and M15. Put the GoldTrend indicator into both charts. 1. Trend reference – based on H1.
2. Scalping on M15 or even M5.
> Stop Loss and Take Profit Lines are provided to make your Risk Management more effective
Analytical features
- Real-time trend analysis of all time frames.
Scale H1 is recommended.
- Sideways, Uptrend and Downtrend identification
It is a leading indicator – no repaint, no recalculate, and no lagging.
Graphical features
- GoldTrend is designed for gold and USD pairs.
- Realtime Trend color directly into the chart candles.
- Suitable for any screen resolutions.
Input Parameters
- Candle Box for Sideways – default is true (yes). When GoldTrend finds a Sideways trend, the candlestick will be given a box.
- Color – Sideways – default is Lavender. A color for trend: Sideways
- Use Push Notification – default is true (yes). A notification will be sent to the mobile MetaTrader – installed on your smartphone.
- Send alert on screen – default is false (no). A notification will be shown on your chart.
- Chart Background – default is GoldTrend-ChartTitle. You can use an image as a chart background.
How to use chart background : Put an image file with the .bmp extension in the directory MQL4/ Images, by selecting the menu in the upper left corner: File -> Open Data Folder.
The default image file has been provided by the seller.
Here is the file’s link : https://c.mql5.com/31/577/GoldTrend-ChartTitle.zip
https://c.mql5.com/31/582/GT_background82.zip
Enjoy your trading time !