Best Forex Trend Indicator.
To understand how to choose the best Forex trend indicator we first have to look at why the trend direction is important, and how to properly classify a trend.
Trading with the trend is widely known as the “safest” way to trade, because you are going with the momentum of the market. This gives the typical trader a sense of security because they are moving with the herd instead of against it.
However, just because you are trading with the trend does not mean you are exempt from using proper money management and disciplined entry points. Trends change direction often, especially in the Forex market.
Defining A Trend.
By definition a trend is created when the market makes higher highs, or lower lows. The example below shows a downward trend characterized by its lower highs, and lower lows.
Easy enough right…
Viewing Trends On Multiple Time frames.
Where defining a trend starts to get tricky is when you zoom in, or zoom out. Other data becomes available which may give you mixed signals as to whether the trend direction is up or down. It is often referred to as having “trends within trends”.
So if we we’re looking at just one currency pair, we need to take into consideration the 5 primary time frames like the example below.
You can see by looking at the 1 minute chart that it is in an apparent up-trend, as soon as you start to back out to the longer time frames you can see that it is actually in a longer term down trend.
So ultimately the best Forex trend indicator would give the trend direction for:
Short Term Trend direction Medium Term Trend Direction Long Term Trend Direction.
By knowing the trend direction for theses these time-frames you can understand the big picture of whats going on in the market and trade accordingly.
Creating The Best Forex Trend Indicator.
That is why the FxPM Software is designed to think in terms of multiple time-frames. It allows the trader to easily see the big picture of what’s going on in the market at a glance.
In the video example above you can see that just by glancing at the FxPM Matrix Software you’re able to confirm the trend direction in a matter of seconds.
Traditionally, you would have to analyze 5 different charts just to come up with the same conclusion.
Entering & Exiting A Trending Market.
Once the trend has been defined its a matter of choosing the safest entry point and knowing how much profit potential you have in the trade.
With the FxPM Matrix Trend Indicator you are presented several options for entering the market depending on your appetite for risk.
If you’re a more aggressive trader you can take entries more frequently, where as if your a passive trader it is best to be patient and let the market pull back into a deeper zone giving you a better Risk: Reward trading opportunity.
In Conclusion.
When you’re looking to define a trend there is more too it than simply choosing any one time frame. Trends are cycles in the market, and depending on they time frame you’re viewing you will see a different cycle.
Having a tool that will instantly show you trend direct in multiple time frames gives the trader a huge advantage over the typical trader that is shuffling through charts trying to make a decision.
In the 8+ years I’ve been trading the FxPM software has constantly proven to be the best Forex trend indicator I can find.
I’d like to hear your feedback, what trend indicators do you find useful, and for all of our FxPM Software users out there, what advantages do the Trend Indicators give you?
Matt Miller.
For over 9 years I have been trading Forex and working closely with Armando Martinez, the Founder and creator of The FxPM Software to develop FxPM. It is our goal to develop a Forex Software that not only simplifies trading decisions but also delivers institutional performance to the retail trader.

Forex trend finding software

So, how do you find out which Forex pair and time frame is best to trade?
Knowing the trend is crucial. Sure, you have experienced times when you entered the trade and waited during the choppy zone while some other pair was making a solid move. Trading the market that turns up and down and takes back all the profits during a series of losses feels like a slow torture.
Forex Trendy is a software solution to avoid trading during uncertain market periods . Instead, pick the best trending pair at the current time.
It uses no indicators, but the trend is determined by pure price action.
It quickly scans 34 Forex pairs on all time frames from minute to monthly. That's 34 x 9 = 306 charts . Forex Trendy analyzes all the charts for you every second! This way, you get the best trending pair and time frame at any time you want.
The software runs on our powerful computers so you instantly get the result online. Therefore, you can use your favorite trading platform such as MetaTrader, NinjaTrader, TradeStation. and there is nothing you have to download or install . It is very easy to use.
The truth is that most Forex systems or robots make money with the trend, but lose money in a choppy market . For example, imagine you trade a system that makes 50% winning trades, but another 50% are losing trades. By following the trend you would dramatically increase the odds of winning. If you increase the odds of winning by only 20%, that would make 70% winning trades and 30% losing trades. This can make the difference between losing (or breaking-even) and winning. In other words, by following the best trend it can only be better .
Avoid struggling with the erratic market chaos when the trend direction is unclear. Take only confident trades in the best markets at the current time.
You would be the one knowing which one particular (even exotic) pair is trending while other traders wouldn't notice it without this tool. Knowledge is power!
Forex Trendy is a much more sophisticated application capable of recognizing the most reliable continuation chart patterns. It scans through all the charts, on all time frames and analyzes every potential breakout . After considering the reliability of the pattern it tells you something like this:
And you see the chart with the trend lines forming the triangle and the breakout point – all that clearly drawn for you . The trend line looks solid with many touching points, so you are prepared for the massive breakout. Something you would miss unless you have supernatural powers to watch and analyze all the charts! Such events happen very rarely in one single chart. It's not just drawing trendlines, but it's actually looking for reliable patterns formed by strong trendlines having more than two touching points at a certain distance.
Not familiar with chart patterns and these fancy names? You will get the 30-page ebook with tons of real examples "Understanding The Myths Of Market Trends And Patterns" right after subscribing!

Identifying a Forex Trend.
by Walker England.
Article Summary: Trend traders enjoy the luxury of first identifying market direction prior to executing a trading strategy. Today we will review the basics of trend identification.
Traders look to identify market trends to take advantage of the extended directional moves provided by Forex currency pairs. Trends can last for days, weeks, months, or even longer allowing traders to bias their positions in one specific direction. If a trader can find the direction of the trend, it can exponentially increase the likelihood of having a successful trade.
To begin our discussion, we will first review how to identify an uptrend on our graph. Today we will begin with an example using the USDJPY weekly chart.
Learn Forex – USDJPY Daily Uptrend.
(Created using FXCM’s Marketscope 2.0 charts)
Identifying a Trend.
Identifying a trend is the first skill we need to master before considering a trading plan. An uptrend can be defined as a market that makes a series of higher highs and higher lows. Pictured above, the USDJPY is an excellent example of a continuing trend. Since the first low pictured at 75.56 the pair has advanced as much as 2817 pips! Notice how the pair has now made a series of higher highs as this uptrend has developed over the past 2 years. This is indicative of a strong trending move and our trend is expected to continue as long as our lows and highs continue to increase in value.
Uptrends are the perfect environment for finding buying opportunities. As seen in the daily graph above each time the NZDUSD has moved temporarily lower, it has found support prior to moving on to higher highs. Regardless of the strategy used, trend traders will continue to buy this uptrend until it concludes with the creation of a lower low.
Learn Forex – FXCM Mirror Trader.
(Created using FXCM’s Marketscope 2.0 charts)
Trading the USDJPY Trend.
Once a trend is established, there are a limitless number of ways to trade them. One method is to employ a simple trading strategy. However for those that are looking to trade trends, but spend less time in front of their charts, may consider using FXCMs Mirror Trader. Using the Mirror Trader software, traders can select from a variety of trend based strategies. This includes DailyFX PLUS trading signals which can be applied to over 14 different currency pairs.
These strategies can be applied at any time, while allowing traders the ability to customize position size and currency pair selection. To learn more about using the Mirror Trader platform, join us for a LIVE webinar walkthrough. Walkthroughs will begin at 3:00 PM Eastern on Wednesdays in our FXCM classroom. Join in and learn more at the link HERE !
---Written by Walker England, Trading Instructor.
To contact Walker, WEnglandFXCM . Follow me on Twitter at WEnglandFX.
To be added to Walker’s e-mail distribution list, send an with the subject line “Distribution List” to WEnglandFXCM .
Do you want to trade Forex, but don’t want to monitor charts full time? Take advantage of FXCMs auto trading Mirror Trader platform. For a review of the software and a complete platform walkthrough, click HERE .
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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