When you add the Stochastic Cross Alert Indicator and use it together with a proven trend trading system like the Elite Swing Trader or Simple Trend Trading System, you can only expect to achieve a better win ratio and better risk-reward ratio.
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How to Increase Your Winning Ratio with the Trend Lord Indicator? Therefore, it is best to use other indicators along with the Trend Lord Indicatorto filter out only the strongest signals.
However, the key is in avoiding the ranging markets, where this Indicator does not work so well. This is a great way to ride the trend and also to make some big profits. The Trend Lord Indicator is very useful in capturing trends in the market. Simply look to the left side of the chart to identify these points and once price moves in your favor, move your stops to break-even position. Set your stop loss at the nearest swing high or swing low points, depending on whether you are going long or short. Where to set the stop loss using the Trend lord indicator Simply set your stops a few points above the values to get the maximum benefit of a strong trend.Īlternately, use a fixed risk to reward ratio. Similar to long positions, you can trail your stops along with the trend lord indicator. When this happens, the Indicator turns to red.Īfter the first candlestick is closed, take a short position on the next candlestick’s open. Prepare for a short position when the price is breaking the trend lord indicator. Trend Lord Indicator: When to Short When to go short using the Trend lord indicator?