The cTrader Trend Magic Indicator suits all currency pairs around the market and it also works on any timeframe and because of its easier signal reading, new traders can have an extensive level of benefits trend trade following.
This indicator is a combination of the Commodity Channel Index (CCI) and Average True Range (ATR) indicators which plots the trend signals and identifies the possible market entry areas within the trend and because of such a simple and clear display of trade signals, it is very much suitable and easier to master by newbie Forex traders.
How To Find Out The Change In The Trend
When the trend changes the direction you will see the lines change colour, in the example above green is for a bullish trend and red for bearish.
Trend Magic Trading Strategy
If you are looking for an automated trading system that uses this indicator you can download one below.
How To Install & Open
First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install it onto the platform. Remember, this is a cTrader Indicator.
Join Telegram Community
You can join a Telegram community and chat with other traders to discuss, share and ask for help.