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Price: $9.00
Indicators: 15 (Unlocked), Template: 5 mintrend rider.tpl, NO MANUAL.
The 5 Min Trend Rider is a powerful and visually appealing forex trading system that combines a range of technical tools to help you identify and act on market trends. Developed with precision, this system offers all the essential information you need directly on your trading chart, making it an invaluable tool for both beginners and experienced traders.
The system features 18 different technical indicators, with a primary focus on trend-following strategies. Among these, the Rainbow indicator, which is made up of a combination of moving averages, is one of the key tools. This indicator helps identify the major market trend, while EMA crossover arrows provide the core trade signals. Other tools include MACD, Stoch Histogram, Laguerre, and Ferru Fx Multi Info, all of which add layers of analysis to your trading decisions.
Key Features of the 5 Min Trend Rider System:
Rainbow Indicator
A visually appealing combination of moving averages in red, yellow, and blue, the Rainbow helps determine the overall market trend.EMA Crossovers
The system highlights red and green arrows on the chart—green arrows signal buy opportunities, while red arrows indicate sell opportunities.MACD
The MACD is used to identify momentum and trend strength.Stoch Histogram
The Stoch Histogram moves above and below the zero line, indicating market conditions and helping identify entry points.Laguerre Indicator
This indicator features two oscillators. Trades are based on the crossovers of these oscillators, providing further insight into market movement.Ferru Fx Multi Info
The Ferru Fx Multi Info indicator summarizes the readings from several technical tools, helping you understand whether the market is in an uptrend or downtrend.
Trading Strategy:
Buy Signal:
A green arrow (EMA crossover) appears below the price chart, signaling a buy opportunity.
MACD is in positive territory.
Stoch Histogram is in positive territory.
The blue oscillator in the Laguerre indicator crosses above the other oscillator.
Ferru Fx Multi Info shows a majority of indicators suggesting an upward trend.
Place your stop loss just below the recent swing low.
Take your profits when a red arrow appears above the chart.
Sell Signal:
A red arrow (EMA crossover) appears above the price chart, signaling a sell opportunity.
MACD is in negative territory.
Stoch Histogram is in negative territory.
The purple oscillator in the Laguerre indicator crosses below the other oscillator.
Ferru Fx Multi Info shows a majority of indicators suggesting a downward trend.
Place your stop loss just above the recent swing high.
Take your profits when a green arrow appears below the chart.
By following these steps and utilizing the comprehensive tools provided by the 5 Min Trend Rider system, you can stay aligned with market trends and make informed trading decisions.