Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

ForexTrend TSL indicator for Metatrader

1 min read

eurusd hourly charts

 
ForexTrend TSL is a Bollinger Band based trend trading indicator. The mathematical model uses bollinger band to compute the trailing stoploss level for the Buy and Sell Signals.

Feature of ForexTrend TSL

-Bollinger Band based trailing stoploss
-Buy and Sell Signals with Arrow indication
-Sound and popup alerts
Push notification alerts to your android and IPAD Metatrader 4 app.
-Time Bar Left function added at the Top Left of the Chart and Close to the Current candle.

Download ForexTrend TSL indicator for Metatrader

Step for Installation of the Indicator in Metatrader 4

1) Download and Unzip the file Now Copy/Save the EX4 file into your C:Program Filesexpertsindicators folder .
2) Launch your MetaTrader application
3) On the left hand side, look for the “Navigator” window.
4) Under the “Common” tab, look into the “Custom Indicators” directory
5) Locate the indicator which you have just downloaded into the folder stated in Step 1
6) Drag (Click and drag) the indicator onto the chart
7) Bingo… done now start using the indicator.

Indicator Settings

Parameters Length = 10, Deviation = 3 for tighter stop loss, contains less risk , more noises in the system
Parameters Length = 15, Deviation = 3 for moderate stop loss, contains moderate risk , medium noises in the system
Parameters Length = 20, Deviation = 3 for higher stop loss, contains high risk , less noises in the system

FAQ on ForexTrend TSL Indicator

Which timeframe to trade? : Timeframe depens upon the Traders interest. For intraday traders it is recommended to trade within 5-15min timeframe.

Does it works in all the markets? : Yes it works for all the instruments

Has the indicator been backtested? : No indicator will be soon decoded to Amibroker format and will be backtested and the backtested results will be soon available in marketcalls.

Can i trade the signals directly : It is advised to do visual backtesting using strategy tested before trading in live enviroment. By doing visual backtesting one can understand the nature of the trading indicator and the underlying risk in it.

As usual required your feedback and suggetions!

Cheers,
Rajandran

Disclaimer : Indicator produced here is purely for educational purpose to study the market behavior with ForexTrend TSL indicator. Buy and Sell Signals are not meant here to take real trades. If you are trading based on these buy and sell signals then do it at your own risk. marketcalls wont be responsible for the losses incurred.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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28 Replies to “ForexTrend TSL indicator for Metatrader”

  1. Hello, my name is Mario and I write from Italy.

    I found you on the internet.

    You have written an EA for the indicator “Supertrend”? If so, can I
    get a copy?

    It seems to me a very good indicator. What do you think?

    Thank you in advance.

    Greetings.

    Mario.

  2. Mario,

    Iam planning to publish Super Trend EA very shortly. And It will be my first ever EA contribution for the international forex community.

    1. Hi Rajandran R,
      from many days i am following your site… You are doing amazing work….
      I have got EA made for supertrend indicator……
      Can you share your personal email id so that i can send it you…..
      And i am customizing it for various timeframes… It would be really great to receive inputs from you about the super trend EA…. i have got it little customized with two more conditions….
      Results are so far good….

      Rajan, currently i am doing analysis on scalping indicator… which will give 10-20 pips only…
      My work is still on… it would be great if u can provide some inputs…

  3. Hello sir.
    Thanks for your great support.
    Sir, I need ADX indicator raising alert indicator for meta trader. I tried in google search. I could not get it. Only D+ and D- crossing alert only available. If possible, can you help me by providing ADX raising with sound and email alert. [Eg., ADX raising above 16… I should get audio alert.]
    Thanks sir
    Regards
    Sankarapandian Selvaraj

  4. i need indicator/EA for mt4. I will place a buy order and next buy stop order should be 50 pips above the first order and sell stop order 50 pips below the first order. Take profit is 50 pips. Concecutive buy / sell orders to be placed if order is closed.
    step 1 : 1.3000 (buy) – 1.3050 (buy stop) – 1.2950 (sell stop)
    step 2: if buy TP…then 1.3050 (buy) – 1.3100 (buy stop) – 1.3000 (sell stop)

    if TP not hit, then the order remains open.

  5. sir i want to know that in mt4 popup alert can be sent to mobile or mail? if yes then how? please help

    i have black berry.

  6. Dear Rajandran!
    Thank you very much for your explanation how to set up and recieve alert form my pc to my mobile
    mt4 terminals. I have tested according you instruction and worked fine. you are great instructor.
    I have downloaded the the super trend indicator from your site and instal it on my pc mt4 platform.
    It is prety good.
    My question is how can i set up this indi to send me alert message to my android mobile.
    I was looking for such information for months and suddenly i found you at last.
    Thanks again.

  7. good day sir

    you wrote:

    ..Has the indicator been backtested? : No indicator will be soon decoded to Amibroker format and will be backtested and the backtested results will be soon available in marketcalls….

    any results so far?

  8. ForexTrend TSL indicator for Metatrader
    download panni install pannanum
    ForexTrend TSL indicator for Metatrader free ah

  9. ForexTrend TSL indicator ka ea avalable he kya agar he to copy mil sakta he or supertrande indicator ka ea ka copy bhi hamare pass nahi he so please.. send…

  10. Mr Rajendran
    Thank you for useful info on your site.
    If possible will you please post
    afl value line for call +put price for a strangle(buy call and put and track total price on chart)
    I like to see price of call and price of put and a total value of close of call +close of put.

    on the metatrader if i have say 8500call and 8500put data available,can i have chart showing
    call price,put price and total value of both closes.
    appreciate your help.
    regards
    ford

  11. Hello Mr. Rajandran,

    Please what is the download link for this indicator?
    I searched and couldn’t find it, and does it repaints?

    Is there an updated version for it already? because I see the most current comment on this thread was 2015.

    Thanks and anxiously hoping to read from you soon.

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