Arrow Trend Surfer v 1.1 – give you the best entery point

Arrow Trend Surfer v 1.1 – give you the best entery point

Characteristics of the Arrow Trend Surfer v 1.1
Platform: Metatrader4
Currency pairs: Any currency pairs, recommended major
Trading Time: European and USA trading sessions
Time Frame: M1-D1
Recommended broker: Roboforex, XM, FBS
How it works? Trading rules
The indicator emits many signals. Some signals follow one after another literally in the interval of one candlestick or without an interval at all. This happens when the direction of the price contradicts the direction of the arrow. And then the indicator on the next candle gives out a new signal in the same direction. And here an additional filter involuntarily suggests itself.

Otherwise, trading is reduced to banal following the indicator signals:

BUY – blue up arrow.

SELL – red down arrow.

Stop Loss should be set a few pips above/below the local high/low:

arrow-trend-surfer-rules

arrow-trend-surfer-stop-loss

Take Profit – depending on the time frame and volatility of the currency pair. On higher timeframes, a trailing stop can be used.

The archive with the indicator contains Rules.txt, which contains trading recommendations from the author. You can check them out by downloading it at the bottom of this post.

The author of the indicator claims that the indicator does not delayed. And here I will allow myself to disagree with this statement. Because it is clearly seen that the signals appear much later than the beginning of the trend. Sometimes, a signal appears when the trend has already subsided and a correction or reversal begins:

arrow-trend-surfer-signal-delay

In general, the author, like any seller of his goods, tells us about the many advantages of his creation, turning a blind eye to its shortcomings. Here is a beautiful video presentation:

In the settings of the indicator, you cannot control the analysis of the market situation. There are simply no settings in the indicator parameters.

My analysis of the signals of this indicator has shown that the indicator can perform well in the short term. Within 1-3 candles. And therefore, in my opinion, Arrow Trend Surfer will be more interesting in scalping trading or binary options trading with an expiration of 1 candle. But in any case, before real trading, testing in real time on a demo account is imperative.