As the name suggests, the Super Trend Hull mt5 forex indicator is a custom forex indicator that compounds Super Trend and Hull indicators.
That gauge incorporates the ATR within its algorithm formula to modify its signal mode.
The Super Trend Hull mt5 forex indicator’s signals are excellent and accurate enough to be used as a standalone trading tool. But, most importantly, it is no repaint forex indicator.
The mt5 indicator is displayed directly on the main trading chart.
It fits all kinds of mt5 chart timeframes and currency pairs.
The mt5 indicator settings can be edited directly from the input options. Feel free to try it out with the settings and parameters to fit your preferences.
How does it work? How to apply in trading?
Trading Rules Explanation
Signals provided by the Super Trend Hull mt5 forex Indicator are intuitive and will not cause difficulties. Follow the suggestions below.
Buy Entry: Open long trade when the Super Trend Hull indicator signal line turns lime green. Place your stop loss(SL) a few pips below the last chart swing low.
Sell Entry: Open short trade when the Super Trend Hull mt5 indicator line turns pale violet-red. Place your stop loss(SL) a few pips below the last chart swing high.
Exit Trade / Take Profit: Close your open position when the opposite signal occurs, or use your preferred method of trade exit.
As always, to achieve good results, remember about proper money management. To be a good profitable trader, you must master trading discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility, major sessions, exotic currency pairs, wider spread, etc.
Example of GPB/USD H1 Chart
The screenshot below shows an example of the Super Trend Hull mt5 Indicator.
How to set up the Super Trend Hull indicator in MT5?
Copy and paste the super_trend_hull.mq5 or super_trend_hull—ex5 indicator files into the MQL5 folder of the MetaTrader 5 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL5 > Indicators (paste here).
Now go to the left side of your MT5 terminal. In the Navigator, find the gauge name, right-click it, and select Attach to the chart.
The Super Trend Hull mt5 indicator is worth adding to your trading collection but remembers to have realistic expectations. Like any other technical analysis tool, it cannot provide accurate signals 100% of the time. Thus, this mt5 forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your trading system based on it.
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