Golden Trend Indicator V1.5 MT4

Introduction

Golden Trend Indicator V1.5 MT4 is a trend-following technical tool designed for the MetaTrader 4 platform. It helps traders identify market direction, potential buy and sell opportunities, and trend strength through structured visual signals. Instead of executing trades automatically, it supports manual trading by providing clarity and confirmation, allowing traders to make disciplined and informed decisions.

Key Features

1. Trend Direction Detection
   Identifies bullish and bearish market phases using structured price and momentum analysis.

2. Buy and Sell Signal Markers
   Displays visual signals on the chart when specific trend and momentum conditions align.

3. Color-Coded Trend Visualization
   Changes chart colors or overlays to represent current market bias for quick recognition.

4. Volatility Filtering
   Reduces signal noise during low-momentum or sideways markets.

5. Multi-Timeframe Compatibility
   Works on M15, M30, H1, H4, and Daily charts.

6. Adjustable Sensitivity
   Allows traders to customize signal frequency based on their trading style.

7. Alert Notification Option
   Notifies traders when new signals or trend changes occur.

Recommended Settings

For balanced and conservative use:

• Timeframe: H1 or H4 for stronger trend reliability

• Sensitivity: Medium setting for fewer false signals

• Use confirmation with support/resistance levels

• Apply stop loss based on recent swing high/low

• Risk per trade: 1–2% of account balance

These settings help reduce overtrading and improve signal quality.

Backtest Result (General Overview)

Backtest results depend on:

• Currency pair

• Market conditions

• Timeframe

• Sensitivity configuration

In trending markets, historical testing may show consistent directional accuracy with manageable drawdowns when combined with proper stop loss. During sideways markets, signal frequency may increase and accuracy may decrease. It is recommended to test the indicator in MT4 Strategy Tester or demo trading before live use.

Advantages

1. Improves Trend Clarity
   Helps traders stay aligned with dominant market direction.

2. Simplifies Technical Analysis
   Reduces chart clutter and analysis confusion.

3. Encourages Disciplined Trading
   Promotes structured entry and exit planning.

4. Works Across Multiple Timeframes
   Suitable for intraday and swing traders.

5. Alert System Saves Time
   Reduces need for constant monitoring.

Disadvantages

1. Not 100% Accurate
   False signals may occur, especially in ranging markets.

2. Not Fully Automated
   Requires manual trade execution and management.

3. Signal Lag
   Trend confirmation may cause slightly delayed entries.

4. Requires Risk Management
   Stop loss and position sizing remain trader responsibility.

Installation & Setup Guide

Step 1: Download the indicator file (.ex4 or .mq4).
Step 2: Open MetaTrader 4 and click File → Open Data Folder.
Step 3: Navigate to MQL4 → Indicators.
Step 4: Paste the file into the Indicators folder.
Step 5: Restart MT4.
Step 6: Open your desired currency pair and timeframe.
Step 7: Drag the indicator from Navigator → Indicators onto the chart.
Step 8: Adjust sensitivity and alert settings.
Step 9: Test on demo account before live trading.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer: 

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.