What is the Twisted MA Cross Indicator for MT4?
The Twisted MA Cross Indicator for MT4 is used to identify potential trend reversals in the market. The indicator uses a simple moving average (SMA) to monitor price action, and it can be used on all time frames from 30 seconds up to several hours. When the SMA crosses above or below the current candle’s opening price, this indicates that there may be a reversal underway.
How to use the Twisted MA Cross Indicator for MT4?
The basic idea is to use the indicator when you see one or more currencies entering an uptrend or declining trend. You’ll want to place your buy order near the lower boundary of both moving averages while setting your sell order slightly above them at their upper limits. This will help you profit from any price movements that occur as a result of this trend.
Twisted MA Cross Indicator MT4 trading settings
The usage of the Forex Twisted MA Cross indicator is to identify market reversals and provide an entry point for trade execution. The hand consists of two moving averages (MA), connected by a crossover line at 0%. As long as the prices stay above this crossover line, it confirms that the trend remains positive. When prices cross below the line, it signals a reversal in direction and indicates that selling should start. Similarly, buying can be initiated when the price crosses above the bar.
To set up your Forex Twisted MA Cross indicator on the MT4 platform:
1) Go to the “Indicators” section of your account menu and select “Twisted-MA”;
2) Select “Forex Twisted MA Cross” from the list;
3) Make sure you have activated Statistic mode (Statistic->Activate Statistic Mode);
4)Set up your indicators parameters: date range(daily), RSI value, MACD values; click the following button to continue; 5 ) Under the Trading Rules tab, specify candle closing time as EOD(“End Of Day”)and activate Buy/Sell Rule. Click the save rule button at the bottom right corner of the window to save changes.
Under the “Thresholds” tab, specify the profit target as part of your buy order and the sell stop-loss as part of your sell order. The Profit Target (PT) is a percentage value that will trigger a buy trade. For example, if PT = 50%, a new buy order will be placed at prices above the indicator’s upper moving average but below its lower moving average. If PT is set to 0%, then no action will be taken unless both moving averages are crossed simultaneously., The trade is automatically triggered on initiation of movement above or below those boundaries.
6) Click on the green spinning indicator to start graphing your data.
Twisted MA Cross Indicator Advantages
Here are some of the advantages of using a forex Twisted MA Cross Indicator:
-It provides an easy way to track your latest losses and gains to determine where you went wrong or right. This information helps you focus on future trades rather than feeling discouraged after recent setbacks.
-It alerts you when one indicator crosses from below (sell signal) into above (buy call), which indicates a potential trend change. This helps keep risks manageable while also increasing your chances for success in trade outcomes.
-The cross point between the two indicators forms what is known as a crossover zone, which represents an area of strong support and resistance for financial markets.
Twisted MA Cross Indicator Disadvantages
Forex Twisted MA Cross Indicator Disadvantages:
1. High Emerson Error Rate: The high Emerson error rate can lead to inaccurate price predictions and incorrect trades.
2. Low Accuracy: The cross indicator has a low accuracy, which means that it is likely to produce erroneous results in some cases.
3. Limited Range of Movement: The range of movement for the indicators is limited, meaning that they may not be as accurate when tracking moving prices over a long period.
Indicator installation on MT4
To install the Twisted MA Cross indicator on MetaTrader 4 (MT4), follow these steps:
- Download the indicator file from a trusted source. The file should have a Fileq4 extension.
- Open the MT4 platform and go to File > Open Data Filer > MQL4 > Indicators.
- Copy the downloaded .mq4 file and paste itFilethe Indicators folder.
- Restart the MT4 platform.
- Go to the Navigator window and click on the “Indicators” tab.
- Locate the Twisted MA Cross indicator and drag and drop it onto a chart.
- In the Indicator Properties window, set the desired parameters and click OK.
- The indicator should now be displayed on the chart.
The Twisted MA Cross indicator can provide valuable information about financial market trends. However, it has some limitations that should be considered before using the needle in your trading strategy.