Here are some key insights to keep in mind when using Lux Trend in the market.
Due to the nature of breakout trendlines, Lux Trend becomes more accurate on higher timeframes. We’ve seen excellent results using this indicator on the M15, H1, and H4 timeframes.
1) Lux Trend utilizes one fast moving average (MA) and one slow moving average (MA) to meticulously analyze and confirm trends before identifying trendline breakouts. By default, the two MA lines are hidden, but you can enable them in the indicator settings for visual reference.
2) Lux Trend automatically provides take profit and stop loss levels for each signal. These levels are calculated based on real price action, utilizing key market structures such as previous higher highs and lower lows.
3) Lux Trend features an intuitive statistics panel that displays the current symbol and timeframe where the indicator is applied. It provides real-time updates on the latest entry price, take profit, and stop loss levels, ensuring you stay informed with the most up-to-date trading data.
4) Lux Trend is best used with another indicator of ours called Market Scanner. If you genuinely enjoy Lux Trend, you can leave an honest feedback about the product and you could get Market Scanner for free!
5) Would you like to automate Lux Trend alerts without any manual intervention? We’ve got the perfect solution! Our EA Forex Proton is designed to automatically detect Lux Trend alerts and execute trades instantly. No need for buffers or iCustom — this smart trading robot recognizes the alerts seamlessly, making your trading experience fully automated and hassle-free!
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