Forex FXCOS H4 MT4 Indicator:
About the Forex FXCOS H4 MT4 Indicator
FXCOS-H4 indicator can be loaded on a EUR / USD chart with h4 time frame and free to receive trend data calculated by analyzing the moving averages in order to exclude as much as possible of false signals.
It can be used on other time frames as well but I’ve seen them offer on h4.
Working on h4 you generate on average 1 or 2 signals per week.
It can also be used to have signals on cryptocurrency charts.
Very simple to use:
A buy signal displays a blue arrow on the chart. A sell signal displays a red arrow.
Folders can be enabled via popup, email or push notification.
It does not provide closing signals simply because I think that the user decides on the basis of his own strategy when to take profit.
The indicator can be used alone or in conjunction with other indicators.
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)