Alpha Trend Spotter Free - MetaTrader 4 Script - MT4/MT5 Resources
This is an indicator for finding the strongest trends each day and is suitable for day trading or swing trading.
If we use the D1 time frame, see the last bar. If the bar chart is red, open short/sell today.
See the last bar if we use the H1 timeframe. If the bar is green, open long/buy until the next hour.
Attachment download
📎 alphatrendspotter_free.mq4 (8.48 KB)
Source: MQL5 #12724
Alpha Trend Spotter Free - MetaTrader 4 script usage and screening suggestions
Alpha Trend Spotter Free - MetaTrader 4 script is a resource related to Forex indicators. 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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