The Trend Dominator indicator, designed for Metatrader 5, provides reliable Forex trend signals suitable for any currency pair and time frame.
The signals are displayed as blue and magenta colored arrows on the price chart.
To trade using the Trend Dominator Forex signals, follow the simple guidelines below:
- A blue arrow indicates a buy signal.
- A magenta arrow indicates a sell signal.
You have the flexibility to customize various inputs and parameters of the indicator, including colors and the indicator period.
Gain confidence in utilizing the Trend Dominator indicator and test it first on a demo account for an extended period.
The Trend Dominator indicator seamlessly integrates with any trading strategy to enhance trend confirmation or can be used independently as a reliable signal tool.
Download Indicator
super-signals.mq5 Indicator (MT5)
Chart Example EURUSD M5
The picture below shows how the Trend Dominator indicator looks when applied to the MT5 charting platform.
How To Buy And Sell Trading Instruments With The Trend Dominator Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given when the blue colored arrow pops up in the chart.
- Initiate a buy transaction and position a stop loss below the most recent swing low.
- Exit the buy trade for a profit target of your preference.
- Optionally, await a magenta colored arrow before closing the buy trade.
Sell Signal
- A sell signal is given when the magenta colored arrow pops up in the chart.
- Initiate a sell transaction and position a stop loss above the most recent swing high.
- Exit the sell trade for a profit target of your preference.
- Optionally, await a blue colored arrow before closing the sell trade.
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super-signals.mq5 Indicator (MT5)
MT5 Trading Strategy: Dominant Trend Trading with Trend Dominator and Mastermind Signals
This strategy blends the powerful trend identification of the Trend Dominator Indicator with precise entry signals from the Mastermind Forex Signal Indicator.
Together, they help traders catch strong trends and enter with high-probability setups.
Indicators Used
- Trend Dominator Indicator: Identifies dominant market trends with clear visual cues and trend strength information.
- Mastermind Forex Signal Indicator: Provides accurate buy and sell signals based on advanced signal algorithms.
Timeframes
Suitable for M15, M30, and H1 charts for both intraday and swing trading.
Buy Entry Rules
- The Trend Dominator Indicator confirms a strong bullish trend (trend line or color signals upward momentum).
- The Mastermind Forex Signal Indicator generates a buy signal.
- Enter a long position at the close of the candle, confirming both indicators.
- Placea stop-loss below the recent swing low or below the Trend Dominator’s support level.
- Set take profit at key resistance levels or based on risk-reward preferences.
Sell Entry Rules
- The Trend Dominator Indicator signals a strong bearish trend (trend line or color shows downward momentum).
- The Mastermind Forex Signal Indicator issues a sell signal.
- Enter a short position at candle close where both conditions are met.
- Set stop-loss above the recent swing high or Trend Dominator’s resistance zone.
- Target the next support area or use risk-based exit strategies.
Strategy Tips
- Always confirm trend direction with the Trend Dominator before acting on Mastermind signals.
- Combine with higher timeframe analysis for more reliable entries.
- Use disciplined risk management and avoid trading during major news events.
Conclusion
Using the trend clarity from the Trend Dominator Indicator along with the entry precision of the Mastermind Forex Signal Indicator enables traders to confidently identify and enter dominant market trends for consistent profitability.
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the super-signals.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
