Forex Advanced Trading Tool MT4 Indicator

Forex Advanced Trading Tool MT4 Indicator:

About the Forex Advanced Trading Tool MT4 Indicator

As the name implies, this indicator is a professional trading tool designed to give you an edge over the market.

The indicator is based on 3 strategies and gives precise entry points after a pullback in the direction of the trend, with the help of professionally designed filters.

  • Strategy 1 has an average number of signals and is designed for day trading or swing trading
  • Strategy 2 gives the highest number of signals, it’s accuracy is lower than Strategy 1 but the Risk/Reward ratio is higher
  • Strategy 3 gives the lowest number of signals, it’s accuracy is the highest and the Risk/Reward ratio is the highest.

FILTERS

  • Filter by trend                      :  This function filters the signals based on the trend market by red/blue lines
  • Filter by Supply / Demand     :  Signals are filtered based on break and retest of supply/demand zones. The S/D zones are already coded in the indicator.
  • Filter by 200MA     :  Signals are filtered based on the direction of the 200 SMA
  • Filter by pullback zone          :  Signals appear only if price is inside the pullback zone
  • Filter by currency strength    :  Signals are filtered by the strength of individual currencies of the pair. The currency strength algorithm is coded in the indicator.

You can optionally select the Money Management function, in this case a Stop Loss level is automatically detected and also the proper lot size is determined based on your account balance and your stop loss.

Please note that this indicator is not the holy grail, you might and will get false entries. But with proper money management you can and will be succesfull.

Test results:

Forex Advanced Trading Tool MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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