Instantaneous Trend Line - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
One of the indicators that I recommend to newbies as an introductory indicator.
One of the best ways to train the main trading rules (set a stop loss, not set a take profit, let the profits grow, close the position and exit, etc.).
Attachment download
📎 Instant_TrendLine.mq4 (4.96 KB)
Source: MQL5 #7177
Instantaneous trend line - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Instantaneous Trend Line - MetaTrader 4 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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