The X Super Trend Alerts Forex system for MT4 is based on the ATR technical indicator + filter and delivers amazing buy & sell signals on the chart.
X Super Trend is always active in the market, either with a buy or sell trade position.
It can be classified as a typical stop and reverse Forex system.
The signals from this trading system are very easy to follow, even for absolute beginners.
Strategy Setup & Recommendations
Indicators (MT4) : x-super-trend-alerts-nmc-2-01.mq4 (default settings)
Currency pairs: works on any currency pair + Gold
Time frames: works on any time frame
Trade style: works for scalping, day trading and swing trading
Trading Platform: Metatrader 4
Chart Example (EUR/USD M5)
After you downloaded and installed the X Super Trend Alerts Forex system on the MT4 trading platform, it should look like the image as shown below.
System Buy & Sell Rules:
- A buy signal is given when the green dot + green signal line appears on the chart.
- Place stop loss 2-5 pips below immediate support.
- Exit the buy trade at a predetermined profit target or simply wait for an opposite sell trading signal.
- A sell signal is given when the red dot + red signal line appears on the chart.
- Place stop loss 2-5 pips above immediate resistance.
- Exit the sell trade at a predetermined profit target or simply wait for an opposite sell trading signal.
How to install this Forex system in Metatrader 4?
Then, install the technical indicators as follows:
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the downloaded indicators in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicators to the chart.
Now you are ready to start using this trading system!
About the x-super-trend-alerts-nmc-2-01.mq4 indicator (MT4)
This technical indicator transforms divergences found between price and MACD into and easy to follow buy & sell indicator.
Input variables: Time frame, ATR period, ATR multiplier, alerts, push notification
Feel free to combine this trading system with other technical indicators or with price action.
Explore and experiment with the indicator’s different inputs and settings to create your own personalized strategy setup.