Forex Auto Resistance Support MT4 Indicator:
About the Forex Auto Resistance Support MT4 Indicator
This indicator helps you to judge the order, plus two auxiliary indicators, AutoHighMidLowPrice and HH HL LH LL indicators, combined with Fibonacci retracement , the effect is very good, just remember a few steps and Keep practicing(a pplicable to any currency) :
1. Confirm the trend direction (M5、M15、M30、H1、H4)
2. Use Fibonacci retracement find out the price of swing high and swing low
3. Wait for the resistance or support indicator appears
4. Wait for Pull back and the price not break out
5. Place an order
6. Set stop loss
7. Set profit
In the initial stage, use the demo account to practice. For real positions, please use the cent account(deposit fund US100 to USC10000, every time transfer 1000 usdc in one account)to place an order, and place an order with a smaller lot size, confirm that you can clearly use this indicator to make a profit, and then slowly increase the lot size
As long as you purchase this indicator, I will give it to you for free (HH HL LH LL indicator and how to set the Fibonacci retracement setting value video tutorial) Please leave a message in the comments to tell me that I have purchased the information , and I will give you the download link ,I wish you success!
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)