Forex Trend with Momentum MT4 Indicator:
About the Forex Trend with Momentum MT4 Indicator
HAWA MOMENTUM & TREND PRO (MT4)
Advanced trading indicator with proper pre-defined entry and exit levels with almost 80% win rate.
Its smart and advanced algorithm detects trend and trend strength using momentum for maximum profits and send signals after filtering out market noise.
SETTINGS: Please make sure all inputs are NOT “false” in indicator properties otherwise it will not display identified trades.
Directory Location: Download file inside “MQL4>Indicator” folder.
This Indicator is NOT sensitive to spread, slippage or any other broker related variables.
All timeframes has their own success percentage calculations displayed on each graph.
User can choose timeframes of his/her choice to receive trading alerts.
Send mobile notifications, email and pc alerts with defined entry and exit levels.
Alerts can be turned ON/OFF.
Square shape will be marked below candlestick for easy to view and analyse market conditions before taking trade.
Advanced calculations for entry and exit levels.
Non repainting indicator.
Works well with all currency pairs and all timeframes. Suggested are M15 and above.
How to Open a Trade?
§ As soon as signal is received, open Order 1 at mentioned price (closing price of candlestick).
§ Place Order 2, 3 and 4 which are pending/limit orders.
§ Set stop loss and take profit at mentioned prices for all positions.
RECOMMENDATION: Keep lot size for order 1 smaller or same as compare to other pending/limit orders i.e. Order 2, 3, and 4 lot sizes. For example let’s say if lot size for Order 1 is 0.05. Then lot size for Order 2 could be 0.06, lot size for Order 3 could be 0.07 and for Order 4 it could be 0.08. OR user can have same lot sizes for all Orders depend on his/her trading style.
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)