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Phone Trend trading is still a very difficult task for many traders to master and that may be due to a number certain factors such as trader psychology, impatience and poor trend trading know-how. This effective trading strategy works using what is known as the Trend Hunter trading indicator which proactively searches for trend formations as they happen using a set of Average Directional Movement Index indicators with a respective period setting of ten, 12 and Furthermore, there is also an Arrows indicator included into the mix - this is for signalling - a arrow would show up to give a signal for a buy or sell trade setup with respect to the trend trading strategy.
Then lastly there is the VQLPro indicator which is a good oscillator indicator to use especially for trend trading purposes.
The rules for this simple and successful trading strategy are simple strategy indicators trend hunter respect to the entry protocols. For a Long or buy entry an Aqua arrow needs to show up which indicates a buy signal as per the Trend Hunter metrics.
Then for a short or sell entry the red arrow needs to appear which is indicative of a sell as per the Trend Hunter metrics.
Traders need to be careful that they do not enter a trade on the current bar because of the possibility of repainting.
Traders need to make use of tight stop losses in case of false signals which tend to come about.