5 Min Trend Rider is a brilliant forex trading system. This system is really an amazingly brilliant forex trading system. You will be amazed to know how much serious the developer of this system is. The information you get on your trading chart is more than enough. There is almost all information you need on the technical. In addition, 5 Min Trend Rider is also pleasing to the eyes since it has beautiful colors on it. The system consists of as many as 18 technical tools. On the main chart you can see rainbow indicator which is basically a combinations of moving averages. Rainbow indicator can be mainly used for figuring out the major direction of the trend. You can also see EMA cross over arrow signals on the main chart which will be our main trade signal generating tool. On the indicator window you have MACD, stoch Histogram, Laguerre and Ferru Fx multi info.
When the 5 Min Trend Rider indicator is correctly installed on your trading platform your chart should look like this;
Rainbow is a beautiful indicator which consists of so many moving averages that are red, yellow and blue in color. Rainbow indicator will help to gauze the overall trend of the market.
EMA crossovers are the arrows you can see on the chart. They are red and green in color. The red color arrow indicates the selling the market while the green color arrow indicates the buying.
MACD is also used in 5 Min Trend Rider system.
Stoch Histogram consists of histogram that moves up and below off the central mid line at zero.
Laguerre consists of two oscillators. Trades will be taken on the basis of crossovers of these two oscillators.
Ferru Fx Multi Info
This indicator shows the summary of lots of technical indicators. It shows whether the market is up or down according to those indicators. This indicator is very useful.
Buying Conditions Using 5 Min Trend Rider System.
A green arrow (EMA crossover indicator) pointing upward should appear below the price chart.
MACD should be in positive territory.
Stoch Histogram should be in positive territory.
Blue color oscillator should cross above another oscillator in Laguerre indicator.
Ferru Fx Multi Info indicator should suggest that the majority of the indicator show up signal.
Place your stop just below the recent swing low.
Take your profits when a red arrow appears above the chart.
Selling Conditions Using 5 Min Trend Rider System.
A red arrow (EMA crossover indicator) pointing downward should appear above the price chart.
MACD should be in negative territory.
Stoch Histogram should be in negative territory.
Purplecolor oscillator should cross below another oscillator in Laguerre indicator.
Ferru Fx Multi Info indicator should suggest that the majority of the indicator show down signal.
Place your stop just above the recent swing high.
Take your profits when a green arrow appears below the chart.