Accurate Market Cycle MT4
- Indicators
- Donovan Kenneth Mackenzie
- Version: 1.0
- Activations: 10
1) Description
Most technical indicators work well during trending conditions. However, periodically the market will suddenly shift and go sideways until the trend either resumes or starts to reverse in the opposite direction. This is where this indicator comes into its own. It is designed to avoid as many false signals as possible, especially during choppy markets. This assists the trader to navigate through these unfavourable conditions by delivering a minimal number of signals. This can help curb the temptation to keep adding to a trade which leads to over leveraging and ultimately that dreaded margin call. Furthermore, this indicator can be used by traders of all levels of experience. It can serve as an entry point trigger on an existing setup, or it can be used by itself offering both trade entries and trade exits through on-chart arrows with matching signals. Please note that the use of proper risk management, market entry timing and an acceptable amount of trading psychology is highly recommended.
2) Timeframes and Symbols
The Accurate Market Cycle Indicator can be used on any timeframe. However, it is recommended for use on the M15 and H1 charts. Concerning which symbols to use, Accurate Market Cycle is universal, so it can be used on all financial assets such as Crypto, Stocks, Metals, Forex and so forth.
3) Recommended Setups
6. If the trade goes against your position, you have the option to hedge. Set 2 buy limit orders on the hedging line just below the main support and resistance line. Once triggered you can offset your initial position by closing one of the buy limits when they cancel each other out and proceed to let the remaining buy limit run for more profit (see screen shot below) .
6. If the trade goes against your position, you have the option to hedge. Set 2 sell limit orders on the hedging line just above the main support and resistance line. Once triggered you can offset your initial position by closing one of the sell limits when they cancel each other out and proceed to let the remaining sell limit run for more profit (see screen shot below) .
3) Final Note
As an alternative trade setup Accurate Market Cycle is also fitted with a toucher alert. This means that the trader has the option to wait for a tighter entry when price hits support or resistance instead of simply pulling the trigger on the initial signal. Finally, please remember that consistency is everything in trading so follow the process over and over again for satisfactory results. All the best!
