Ultra Trend Metatrader Indicator - Forex Trading Best Strategies

then make use of the tiniest timeframe such as for example fifteen minutes or TimeFrame five minutes with the same signal with TimeFrame 1 hour . You must show patience if the signal opposite the upward direction,

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Now we have a trend-following tool to tell us whether the major trend of a given currency pair is up or down. But how reliable is that indicator? As mentioned earlier, trend-following tools are prone to being whipsawed. So it would be nice to have a way to gauge whether the current trend-following indicator is correct or not. For this, we will employ a trend-confirmation tool. Much like a trend-following tool, a trend-confirmation tool may or may not be intended to generate specific buy and sell signals. Instead, we are looking to see if the trend-following tool and the trend-confirmation tool agree.

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