Forex Long and short trading MT4 Indicator:
About the Forex Long and short trading MT4 Indicator
Ideal: With the correct money management and reinforcement of this technical indicator using functional analysis.
Never risk, a long-term deal can be left only when the situation of a constant trend in the right direction is obvious, such directions are easier to recognize on such tools as: YM, NQ and the like.
Criteria for opening deals:
1. To buy: when the green arrow points up
1. Sell: when the red arrow points down
The indicator works on the basis of counting the number of red and green candles for a certain period, on the basis of which it builds statistics using mathematical analysis, and assumes with a rather high probability that it is necessary to sell or buy.
For each candle has its own probability, therefore, it is calculated by the closed candles is likely for the current candle, so always the arrows pointing to the signal will always be displayed in the same place. if the arrow was drawn, then it will always be in this place and the recommendation to the transaction at this point in time.
Tip: a drawdown is likely to occur, so please be patient, enough funds on your trading account. You can apply the practice of opening a transaction not immediately after the signal, but after a few candles after the signal, because in most cases there will be a drawdown, and the deal will be opened with account of the drawdown, which increases the chances of a successful deal.
Caution: You should not open a deal with a clearly distinguished flat, much more effective if you see a trend in the right direction.
Избегаем ложных сигналов по максимуму:
1. Опредеить общую тенденцию движения цены.
2. Не торговать во флете
3. Начинать торговать только после того, как цента стремится в какую-то сторону
4. On the indexes YM, NQ – use the daily timeframe and only buy signals
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)