How to trade using MT4

How to trade using MT4 Learn how to navigate the MetaTrader4 platform including how to open positions, set limit orders, read charts, customize the platform and much, much...
Supermega Forex Signals Indicator for best Forex

Supermega Forex Signals Indicator for best Forex

Supermega Forex Signals Indicator for best Forex The Supermegawinner forex indicator oscillates between 1.1 and -1.1. It gives a buy signal when the red line of the indicator crosses the blue line upwards and a sell signal when the red line crosses the blue line downwards. The indicator paints green and red dots to make it easy to spot the up-and down signals. Trading Signals Buy signal: first green dot Sell signal: first red dot Tip for better performance: Determine the overall market direction, then trade the Supermega indicator signals in the overall market direction and avoid its counter trend signals. Indicator Preferences Currency pairs: all Time frames: all Trading sessions: all Download Download the SuperMegaWinner.mq4 indicator. Configurable Indicator Options Period 1, period 2, factorx… EUR/USD H1 Chart...
Forex Trading Strategy Fibonacci Indicator

Forex Trading Strategy Fibonacci Indicator

Forex Trading Strategy Fibonacci Indicator The ‘Fibonacci indicator’ Forex trading strategy is one of the most well known and commonly used long term Forex trading strategies. This method relies on what is called a ‘Pullback’ and to fully understand how it works we must discuss the more fundamental concept ‘the trend’. When we look at each price change individually it is very hard to explain them and find a pattern as there are so many of them. Looking at the bigger picture allows us to see trends on a larger scale. The image above shows a moderately short trend which is the kind of trend that we will focus on for this trading technique. The trend is made up of three parts, two going up and one going down. Since the overall direction of the trend is up, the middle part where there is a momentary downfall is called a ‘pullback’. The problem is that when we see a trend start to reverse it is very hard to establish if what we are witnessing is a pullback or a reversal of the trend. This is where Fibonacci comes in and allows us to very simply analyze the data and make a decision. The Fibonacci numbers and ratios have been famous among mathematicians and artists for hundreds of years. They represent many things in nature and in financial markets and can be used as great analytical tools. No math is required to use these numbers as the trading platforms do all the calculations for us. All that we must do is make a decision based on these lines which appear...
Daily Forex Strategy With RSI Indicator

Daily Forex Strategy With RSI Indicator

Daily Forex Strategy With RSI Indicator A simple yet profitable strategy to trade the daily charts. It’s made up of the RSI indicator and a custom built EMA trend indicator. This strategy requires patience and can be used for larger profit targets ( even up to 1000 pips). Chart Setup Indicators: RSI (6), EMA_Trend_Indicator Preferred time frame(s): daily Trading sessions: Any Preferred Currency pairs: Any Download Download the Daily Forex Strategy With RSI Strategy for Metatrader 4. EUR/USD Daily Chart As shown in the illustration above, EUR/USD price trades above the EMA trend indicator and the RSI goes back above the 70 level from below 30. Both trading conditions are fulfilled and we buy the EUR/USD pair. Click the chart to enlarge. Trading Rules Buy Rules: Condition 1: Price above the EMA_Trend_Indicator Condition 2: RSI (6) back above 70 from below 30 Execute buy order with stop-loss below the previous swing low. Scaling out: Take 50% partial profit at risk-to reward 1:1 and the rest at 1:2 or at previous swing highs (trail your stop up). Sell Rules: Condition 1: Price below the EMA_Trend_Indicator Condition 2: RSI (6) back below 30 from above 70 Execute sell order with stop-loss above the previous swing high. Scaling out: Take 50% partial profit at risk-to reward 1:1 and the rest at 1:2 or at previous swing lows (trail your stop...
Bollinger Bands Indicator Explained – What are Bollinger Bands?

Bollinger Bands Indicator Explained – What are Bollinger Bands?

The Bollinger Bands indicator, named after its creator John Bollinger, is a popular member of the “Trend” family of technical indicators. Bollinger designed his bands in order to measure if prices were high or low on a comparative basis with relative volatility. Traders use the bands to anticipate increases and decreases in volatility that signal imminent trend changes are on the way. The Bollinger Bands indicator reflects upon trend information by combining a moving average with the underlying currency’s volatility. The indicator looks like an expanding and contracting envelope drawn about the pricing indicia on a typical chart. The two boundary lines represent two standard deviations of distance above and below the moving average. Over time, the bands act like an accordion playing music Bollinger Bands Formula The Bollinger Bands indicator is common on Metatrader4 trading software, and the calculation formula sequence involves these straightforward steps: Calculate a Simple Moving Average of price behavior (Standard period setting is “20”, but can be customized to suit your taste); Calculate “Upper Limit” line by adding “2” standard deviations to the SMA (Standard setting is “2”, but can me modified); Calculate “Lower limit” line in similar fashion to “Upper Limit”. Software programs perform the necessary computational work and produce asset of Bollinger Bands as displayed in the following chart: The Bollinger Bands indicator consists of the three fluctuating lines designated in “blue” in the above chart. In the example above, the Upper Limit and Lower Limit Bollinger Bands encompass the candlestick formations and the “blue” SMA or midpoint line. When the bands contract, price consolidation is occurring and volatility is low. These...
The CCI Trend Indicator for Trend Following Traders

The CCI Trend Indicator for Trend Following Traders

The CCI Trend Indicator for Trend Following Traders Forex Trend Indicator While CCI trading I discovered and created a simple yet powerful forex trend indicator that is the best way to define the trend I have ever seen. Do you think this trend indicator will help you will never lose again? I think it will help for sure! 14 years of trading taught me that price action is everything and using the best trend indicator mt4 to trade with the trend is very helpful. Introducing the Best Trend Indicator Ever! Here is how using the best forex trend indicator in the world for mt4 works. The green bars above or the red bars below the zero line are the True Trend and show if the current trend is up or down. Any reading of the true trend above the zero line is positive and means an uptrend in the market while any reading below the zero line negative or a downtrending market. The thin blue line is called the EntryCCI. We use this to show when price is overbought or oversold against the trend. We are looking for the EntryCCI to be puled away opposite to the trend to have a setup and then wait for price to resume back toward the current trend. Best CCI Indicator Settings Here is the True Trend indicator settings for the inputs of the TrendCCI and EntryCCI periods: Here are the best cci settings for the best forex indicator I use on the color tab so that your True Trend Indicator can match mine including the blue EntryCCI: Download link for the True Trend...