Welcome to my 5 Star Trend Profit review. 5 Start Trend Profit is a manual forex trading system for MetaTrader 4 from indicator developer Karl Dittmann who has other forex trading systems I have reviewed such as Fibo Machine Pro, Triple Profit Winner, Buy/Sell Trend Detector and Forex Enigma. It is based around a trend indicator for technical analysis that looks for market trends automatically across multiple currency pairs and time frames. It displays a clear arrow on your chart and alerts you when it finds a buy or sell signal. You can also use it for scalping, swing trading or day trades as it is very flexible.
5 Star Trend Profit Trading Strategy
5 Star Trend Profit can identify trends in the market. You can use the buy/sell signals as they are or you may choose to use them as an additional trend filter to your own trading system. It can filter signals and identify changes in price direction. The indicator dashboard will tell you what it believe is the strength of the current signal and trend power so you can choose to only take the strong trend signals if you wish. It will also show you the trend on higher time frames which is useful to ensure you are only trading with the overall long term trend direction.
You can set your trading style in the indicator to safe, medium or high – you will only then get signals suitable to your chosen style. It can analyse multiple charts at the same time and give you alerts so you do not need to keep checking different charts.
You can use it on any time frame. You can even use an opposite signal to exit your existing trades or scale down as the trend begins to lose strength. 5 Star Trend Profit can be set to alert you via the trading terminal, email and/or phone.
5 Star Trend Profit Pro Summary
5 Star Trend Profit is an indicator for identifying trends and potential entry/exit points. It can be used standalone or as extra confirmation to your own trading system. It is flexible and can be used on any time frame or currency pair. Personally, I would use it on the h1 charts and aboves. It is very easy to setup and includes an easy to understand instruction manual with trading examples. Just simply load the indicator on your chosen currency pairs and time frames then wait for the indicator to alert you to trading signals. You can even trade it on the go with alerts via email or phone and then place your trades using the MetaTrader 4 app. Visit the 5 Star Trend Profit website for more information. It even comes with a money back guarantee if you decide that it is not the right trading system for you.