Summary of "✏️ AI Trend Booster Indicator for MT4/5 – Free – [TradingFinder]"

AI Trend Booster Indicator for MT4/5 – TradingFinder

Asset/Instrument Context

The AI Trend Booster indicator is designed for use on MetaTrader 4 and MetaTrader 5 platforms. These platforms support trading across a wide range of markets, including:

Forex
Stocks
Commodities
Indices
Other markets available on MT4/5

No specific tickers or sectors are mentioned, making the indicator broadly applicable to any market or chart on these platforms.

Indicator Functionality & Methodology

Purpose

The indicator identifies the main market trend direction and provides buy/sell signals based on trend lines.

Key Components

Major Line (Long-term trend line): Shows the primary market trend direction, indicating whether the market is in an uptrend or downtrend.
Signal Line (Minor line): Generates buy or sell signals when it crosses the major line or changes trend direction.

Trading Signals & Strategy

Enter sell positions when the signal line crosses below the major line, signaling a downtrend.
Enter buy positions when the signal line crosses above the major line, signaling an uptrend.
Use pullbacks to the major or minor trend lines as additional entry points for trades aligned with the main trend.
Hold positions with a risk-to-reward ratio of 1:1 or 1:2, or until the signal line changes color, indicating a trend reversal.
Ignore signals that go against the main trend to reduce false entries.
The indicator can also identify ranging markets when the slope of the trend line flattens.

Settings & Customization

Alerts: Can be enabled or disabled for signal line changes, with options including:
- On-screen messages
- Sound notifications (customizable sound files)
- Email alerts (requires email setup in MT4/5 options)
Price Basis: Selectable from close, open, high, low, median, typical, or weighted price for calculations.
Smoothing Period: Adjustable smoothing period for the major line calculation.
Colors: Customizable colors for bullish and bearish signal lines as well as the major line.
Candles Used: By default, the indicator uses up to 1,000 candles backward from the current candle for trend calculation.

Risk Management & Performance Metrics

Suggested risk-to-reward ratios for trade exits are 1:1 or 1:2.
The trend-following approach aims to reduce risk by ignoring counter-trend signals.

Disclaimers

No explicit financial advice disclaimer is provided within the subtitles.
The indicator is presented as a tool to assist traders, implying that users should apply their own judgment when trading.

Presenters/Sources

The tutorial and indicator are provided by the TradingFinder website/team.
No individual presenter is named.

This summary highlights the AI Trend Booster indicator’s core functionality, trading methodology, customization options, and suggested risk management practices for users trading on MT4/5 platforms.