For 5 Minutes trades, we can trade with more serenity. This is the reason why some traders prefer 5 Minute trades to 60 seconds trades. The Grail Indicators for 5 Minute trades has made it simple. You only enter a trade depending on the trading signal received.
With this indicator, you can add filters and make the indicator even more powerful. You can choose to between 3 filters; the Macd, Moving Averages and the Stochastics. To activate a filter, you need to go to the indicator settings of the indicator and turn it on.
From the above, to turn on a filter, you set it to “true”. When the filter is activated, the trading signals will only come if they match with the filters. So, if all they all show a buying trend, you will receive only buy signals, till one or all of the filters change and start giving mix signals. This is how all the filters, look like on the chart.
From the above chart you can see all the filters used. So, this is how it works, when you activate all the filters of the indicator, the indicator will only give an alert if these signals match with the filters. So for example if all the filters where activated, from the above, the red line shows where there’s a sell trend with all the filters. And it is in these areas that you will get a sell signal from the indicator. Note, you can activate all the filters at a time, and also you can choose to activate only one or two. This is a very powerful option. For a buy signal, if you activated all the filters, you will only receive alerts if all the three filters are showing a “Buy” Trend.