MT Merit Follow Trend

In the world of Forex trading, understanding and predicting market trends is crucial. One such tool that aids traders in this task is the MT Merit Follow Trend. This Forex reversal indicator is designed for trend trading, providing reversal signals that can also withstand sideway market conditions.

How Does the MT Merit Follow Trend Work?

The MT Merit Follow Trend uses a complex method to identify trading signals. It is specifically designed for individual traders who manually manage their trades, without the aid of automatic trading systems, also known as Expert Advisors (EAs). This Forex indicator requires traders to manage their risk management parameters, such as Stop Loss, Take Profit (TP), Risk Reward, and others.

Furthermore, it encourages the use of fundamental analysis to select advantageous trading symbol pairs. The MT Merit Follow Trend is versatile and can be used across all Forex trading pairs.

Key Features of the MT Merit Follow Trend

This Forex reversal indicator offers a range of features designed to enhance trading strategies and outcomes. It can be used across all time frames, but is particularly recommended for M15, M30, and H1 frames. Users have the flexibility to adjust settings according to their trading preferences and strategies.

One such setting is the “Calculate Bars” feature. This allows users to set the number of bars or values used to calculate the formula. For backtesting, all history bars can be tested by setting “Calculate Bars” to 0.

The indicator also includes a “Trend Filter” that displays the trend zone and trend zone meter across multiple time frames. In addition, there are “Acceleration Signals” to speed up the display of trading signals.

Users can customize signal levels according to their risk tolerance, choosing from five levels: Very Fast, Fast, Normal, Slow, and Very Slow. Another feature, “Analysis Profit”, allows users to set a threshold for their profit points. If the value falls below this threshold, it is considered a loss.

The MT Merit Follow Trend also includes alert options, such as popup, mobile, and sound alerts. These alerts are triggered after the closing of a trading candle. The details of the displayed arrows can be refined as well, allowing changes in icon, gap, size, and color.

Testing and Reviews of MT Merit Follow Trend

Independent tests of the MT Merit Follow Trend can be viewed on the ForexRobotEasy website. Users can also subscribe to updates on the test results of this product to stay informed about its performance.

Conclusion: A Unique Tool for Forex Traders

With its unique features and functionality, the MT Merit Follow Trend is proving to be a valuable tool in the arsenal of many Forex traders. Its ability to predict trend reversals and withstand sideway market conditions gives traders an edge in making profitable trades.

We invite users of the MT Merit Follow Trend to share their experiences and feedback. Your insights could help other traders in their decision-making process.

Frequently Asked Questions (FAQ)

Q1: What is the MT Merit Follow Trend?
A1: It is a Forex reversal indicator designed to generate reversal signals in trend trading. It can also withstand sideway market conditions.

Q2: Who is it suitable for?
A2: It is suitable for individual traders who manually manage their trades and risk management parameters.

Q3: Where can I view independent tests of this product?
A3: Independent tests can be viewed on the ForexRobotEasy website, where you can also subscribe to updates on the test results.