Supertrend indicator MT4 is a good indicator that you can use for forex trading especially when you are a “trend follower” trader. Learn how to add supertrend indicator mt4 can download for free today, all you need to do is to download and unzip the file, insert the supertrend indicator mt4 in your MQl file “indicators” and attach to your chart to use it.
When using supertrend indicator mt4, be sure you know the rules in taking entries and taking profits as well as your exit rules. In this supertrend indicator it is easy to follow the rules. Kindly review this rules before you use it. Use this supertrend indicator mt4 in your demo account, observe how it works and if this MT4 indicator helps you makes consistent profits in your forex trading career, then use it in live (using small amount).
Supertrend Indicator MT4 Strategy Rules
Just buy or sell depends on the color of the supertrend indicator mt4. When price is above the supertrend indicator mt4, that means you will look for long entries only.
When the price is below supertrend indicator mt4, then look for short entries only.
There are other MT4 indicators useful for forex trading like VWAP indicator mt4, but if you prefer super trend indicator, be sure to observe how it works. It maybe lagging like many MT4 indicators.
Tips and Warnings
- If you find supertrend indicator mt4 useful in demo account, be sure to use in live account in small account, or much better in micro account.
- Take time to analyze the efficiency and effectivity of supertrend indicator mt4 in different forex pairs, timeframes.
- Also, use other indicators to filter the trend like moving averages.
- To download the supertrend indicator mt4, visit this page (it is free to download) and do not forget to share this supertrend indicator mt4, if you found it very profitable and useful.