The trendlord indior has been given away free by Hector (a variant with inputs below). It looks somewhat like an macd and playing around with it came up with something. I am currently using trendlines, s/r and ma's combined with mtf analysis to carry trades on eurusd 1 hour charts and doing ok but this looks more interesting again and I will trial it for the week and post the results.
The setup is quite simple, a 1 hour chart of eurusd using a trendlord set at a trendlord place at 150 underneath. Take trades at the direction of the 150 trendlord and you also input a buy/sell market order when the next hourly candle closes in that direction and changes colour. (Edit: I should clarify this... if the trendlord 5 changes colour)
I shall use a 30 pip stop and move to break even after a move of 30 pips. The depart if not ceased outside is when the trendlord 5 changes colour against the trade whether that's in profit or loss.
A chart is attached with some entrances marked. You'll notice you could get chopped about a little but you also do ch some pleasant moves which by my backtesting should compensate for the losses.
The red lines are all entrances, the blue are all exits. The text is entry price, the text is depart price. Of course in fact you might not take every one of these trades because you might not be seeing when a trade triggers an entry or exit but the theory looks sound let us give it a try.