Forex Boilermaker MT4 Indicator:
About the Forex Boilermaker MT4 Indicator
BOILERMAKER is a unique authoring system that includes in its code:
– Several author indicators (CYCLE & POWER Detector and Keltner Channel)
– Visual arrows that indicate the direction in which deals must be made.
– PUSH and e-mail notifications that will inform you in time about the emergence of new trading opportunities.
All this is combined in one indicator code on the basis of a ready-made trading system and can become your reliable tool for effective trading.
IMPORTANT! THE INDICATOR IS NOT REPAIRED!
How it works?
Block CYCLE & POWER Detector – analyzes market cycles and market power as an oscillator line in a separate window. This indicator block shows us the beginning and end of the price movement waves in the form of arrows of the corresponding directivity.
Block Keltner Channel – reveals the boundaries of the price channel, local overbought / oversold zones and moments of trend reversal. This block acts as a filter that helps weed out the unprofitable oscillator signals of the CYCLE & POWER Detector. Also, the Keltner Channel defines the main trading objectives: where to install Take Profit and Stop Loss.
BOILERMAKER will very accurately identify the moment of the beginning of the price reversal, show you in the form of an arrow the moment when it is best to open and close the deals and send a PUSH or e-mail notification about the occurrence of trading opportunities to your smartphone.
IMPORTANT: BOILERMAKER works on any timeframe and any asset. You can use this indicator for intraday scalping in the Forex market or for medium-term speculation in the stock market. With the indicator BOILERMAKER you get very ample opportunities for trading in any market!
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)