Trend MA Candles draw MA Candles above/below Moving Average in a single color. This provides a visual representation of the trend direction, making it easier for traders to identify potential entry and exit points.
Leading Line like a Supertrend
Trend MA Candles also draw MA as a leading line, similar to Supertrend indicators. This helps traders identify the higher trend direction, allowing for more accurate trading decisions.
MA Channel
In addition to MA Candles, Trend MA Candles also draw MA as a channel, representing the MA High and Low. This provides traders with a clearer view of price movements within the channel, enhancing their understanding of market dynamics.
MACD Candles
Trend MA Candles also include MACD Candles, which are drawn above and below the zero line and the Signal Line. This allows traders to quickly assess the trend direction based on the MACD indicator.
Advantages of Trend MA Candles
Trend MA Candles offer several advantages for Forex traders:
Simple View of the Trend Direction
With Trend MA Candles, traders can easily identify the trend direction at a glance. The colored MA Candles provide a visual representation of the trend, making it easier to spot potential trading opportunities.
View of the Higher Trend Direction
Trend MA Candles’ leading line feature helps traders understand the higher trend direction. This information is crucial for making informed trading decisions and avoiding potential trend reversals.
Calmer Chart for the Eye
By using Trend MA Candles, traders can achieve a calmer chart appearance. The clear visualization of trends and price movements reduces chart clutter, making it easier to focus on relevant information.
Clear Rules can be Defined
Trend MA Candles allow traders to establish clear rules for their trading strategies. The visual representations and indicators help define entry and exit points, enabling traders to implement their strategies with precision.
Trend MA Candles Settings
Here are the default settings for Trend MA Candles:
Bars to Process
The default value is 6000, but traders can adjust this value according to their preference and trading style.
Value Quick-Set
Trend MA Candles offer pre-settings for MACD customization, including MACD 12/26/9 and MACD 3/9/6. Traders can choose the setting that best suits their trading needs.
MA Candles
The default settings for MA Candles are as follows:
Fast EMA: 12
Slow EMA: 26
MACD SMA: 9
MA Period: 20
MA Shift: 0
MA Mode: Exponential
MA Price middle: Close price
MA Price high: High price
MA Price low: Low price
Trading Rules
Trading the H1-Chart
When trading the H1-Chart using Trend MA Candles, the following rules apply:
Short:
If the trend MA is colored red and a candle closes below the 20ema/low (green line), the trader can enter a short position a few pips below that candle’s close. However, caution should be exercised if the candle is very long, as it could indicate a potential correction rather than a trend change. The trader should also consider the position of the 120ema in relation to the entry candle. The stop-loss should be set a few pips above the entry candle, and the target should be the previous support and resistance levels.
Long:
If the trend MA is colored green and a candle closes above the 20ema/high (red line), the trader can enter a long position a few pips above that candle’s close. Similar to the short position, caution should be exercised if the candle is very long. The position of the 120ema in relation to the entry candle should also be considered. The stop-loss should be set a few pips below the entry candle, and the target should be the previous support and resistance levels.
Watching H4 and Trading H1
When watching the H4 chart and trading on the H1 chart using Trend MA Candles, the following additional rules apply:
Both the H4 and H1 charts need to be in the same trend direction. If the H4 chart shows an obvious trend below/above the MA, and the H1 chart has a red/green candle that closes below/above the 20ema/low (green line) or above the 20ema/high (red line), the trader can enter a short/long position a few pips below/above that candle’s close. As always, caution should be exercised if the candle is very long, and the position of the 120ema in relation to the entry candle should be considered. The stop-loss should be set a few pips above/below the entry candle, and the target should be the previous support and resistance levels.
Recommendations
When using Trend MA Candles, it is important to keep the following recommendations in mind:
Avoid Over-Size Candles
Avoid trading after over-size candles, as they can indicate high market volatility and potential reversals. Wait for clearer trends and stable market conditions before entering trades.
Consider Higher Time-Frame Trends
Before entering trades, always assess the trend on higher time-frames. This provides a broader perspective on the market and increases the probability of successful trades.
Avoid High-Impact News
Avoid trading before high-impact news releases, as they can cause significant market volatility and unpredictable price movements. It is best to stay on the sidelines during these periods to protect capital.
Major Support and Resistance
Always keep major support and resistance levels in mind when setting stop-loss and take-profit levels. These levels can act as barriers to price movements and significantly impact trade outcomes.
Implement Proper Money Management
Money management is crucial in Forex trading. Before entering any trade, calculate your risk and determine an appropriate position size. Trade smart and never risk more than you can afford to lose.
Independent Testing and Updates
For independent testing of Trend MA Candles and updates on the results, visit forexroboteasy.com. The website provides valuable insights and analysis to help traders make informed decisions.
Conclusion
Trend MA Candles are a valuable tool for Forex traders, offering a simple and effective way to identify trends and make informed trading decisions. By combining MA Candles and MACD, this tool provides clear visual representations of the market, helping traders navigate the complexities of Forex trading. However, success in trading is never guaranteed, and traders should always exercise caution, implement proper risk management, and continuously educate themselves to improve their trading skills.
FAQs
Can I rely solely on Trend MA Candles for my trading decisions?
Trend MA Candles can be a useful tool in your trading arsenal, but it is always recommended to use them in conjunction with other indicators and analysis methods. A holistic approach to trading increases the accuracy of your decisions and reduces the risk of false signals.
How often should I adjust the default settings of Trend MA Candles?
Adjusting the default settings of Trend MA Candles is a matter of personal preference and trading style. If you find that the default settings do not align with your trading strategy, feel free to experiment and make adjustments accordingly.
Can I share my experience of using Trend MA Candles?
Absolutely! Sharing your experience of using Trend MA Candles can be beneficial for other traders. By exchanging insights and strategies, we can collectively improve our trading skills and achieve better results.
Is Trend MA Candles a guaranteed way to make profits in Forex trading?
No trading tool or strategy can guarantee profits in Forex trading. Success in trading requires a combination of skill, knowledge, discipline, and a deep understanding of the market. Trend MA Candles can provide valuable insights and increase the probability of successful trades, but there are no guarantees.
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