The Golden Lion Trend indicator is a specialized algorithm designed to accurately assess the situation that is currently present in the market. Based on the data obtained, the considered algorithm suggests the optimal moments for creating successful positions.
The Golden Lion Trend indicator is based on a unique algorithm designed to analyze trend movement. Based on the data obtained, the considered algorithm paints the candles red or blue. It should also be noted that the described algorithm is able to detect the strength of the trend. The more saturated the shade of the bars displayed by the Golden Lion Trend indicator on the screen, the stronger the trend present in the market.
An example of the Golden Lion Trend indicator in Metatrader 4
The Golden Lion Trend indicator is a versatile algorithm. This is due to the fact that the accuracy of the signals issued by it does not change depending on the selected time interval and currency pair. You can download this trading tool on our website in the Indicators section.
The installation of the algorithm is simple. Even if you are a beginner speculator and do not have experience in using similar tools, this process should not cause you any significant difficulties. After launching the Golden Lion Trend indicator, you will see a window with its parameters.
Parameters of Golden Lion Trend indicator in MT4
The Golden Lion Trend indicator has the following parameters:
- My-Period. This parameter is responsible for the number of bars that the considered algorithm will take into account when performing all the necessary calculations.
- Dev-1. This parameter is responsible for the value of the first deviation that the considered algorithm will apply in the process of generating signals.
- Dev-2. This parameter is responsible for the value of the second deviation, which the considered algorithm will apply in the process of generating signals.
Since the considered algorithm has only three parameters requiring adjustment, any trader can easily cope with the process of its optimization.
The Golden Lion Trend indicator displays quite descriptive signals on the screen that should be used to create successful positions. Thanks to this feature, both experienced speculators and beginners who are just learning to make money in the foreign exchange market can successfully apply the considered algorithm. It is very easy to use the signals of the considered algorithm to create successful positions.
You just need to follow the trading schedule. As soon as red bars start to appear on the screen, it is recommended to create a sell position. At the moment when the shade of the bars changes, the active position should be closed.
If blue bars start to appear on the screen, then you should create a buy position. It is recommended to close an active buy position at the moment when the shade of the bars changes again.
Despite the fact that the signals of the algorithm in question are quite accurate, some positions created with their help can bring losses. To reduce the likelihood of creating unprofitable positions, it is recommended to use the Golden Lion Trend indicator in conjunction with additional algorithms.
As you can see from the description, this indicator is quite easy to use. To learn how to correctly optimize and apply the Golden Lion Trend indicator, use a demo account. Only after accumulating a sufficient amount of experience and trading skills can you start trading for real money. You can find examples of the implementation of this indicator in trading strategies in the Strategies section.
Tip: Can’t open the downloaded archive file (ZIP or RAR)?
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.