Bollinger Bands MACD indicator MT4 - is a basic MACD (Moving Average Convergence Divergence) indicator variation, which helps in detecting the trend change points and measuring the current trend's strength. The indicator is drawn in the separate window on the chart and consists of two lines (blue and red) and the dots, which can be either green or magenta. The change of the dots' color is a good signal provider, while the width of gap between the two lines indicates the strength of the current
Trend on All Timeframes MetaTrader indicator MT5 — a multi-timeframe indicator that is based on three standard indicators: Stochastic oscillator , RSI (Relative Strength Index), and CCI (Commodity Channel Index). It displays current trend directions for M1, M5, M15, M30, H1, H4, D1, W1, and MN1 timeframes. When you follow such an indicator you have a clear picture of the trends across all important timeframes. It doesn't matter which timeframe you
Volume Profile is a very useful indicator — it allows you to spot the price levels where important price action took place. It is similar to support and resistance levels but with a different logic. Volume Profile indicator for MT4 presented below will show you the concentration of price action at the various price levels. What Is Volume Profile Indicator? Volume Profile indicator (also called Market Profile in some cases) is a handy tool for checking price action on a chart. One of the first
Trend on All Timeframes MetaTrader indicator — a multi-timeframe indicator that is based on three standard indicators: Stochastic oscillator , RSI (Relative Strength Index), and CCI (Commodity Channel Index). It displays current trend directions for M1, M5, M15, M30, H1, H4, D1, W1, and MN1 timeframes. When you follow such an indicator you have a clear picture of the trends across all important timeframes. It doesn't matter which timeframe you
How are statistics used in forex trading? Together with the win rate, these two statistical gauges determine whether your strategy is profitable or not. Expectancy — calculated win rate multiplied by average win minus loss rate multiplied by average loss. It tells you how much you can expect to earn from a single trade on average. Trading Statistics on Chart - Profitstat is a indicator that scans your history and displays on the chart. This version shows the number of trades
Set your risk management preferences.
Select the percentage of risk.
Configure stop-loss and take-profit by points or prices.
Set stop-loss and take-profit by dragging lines on chart.
Immediately see the possible loss and profit.
Calculate the ideal position size to meet your risk management.
See the Risk Reward Ratio for a trade
Learn more: https://www.mql5.com/en/market/product/61627
Starting to trade forex can involve the following steps:
Education: Learn about the basics of forex trading, market analysis and risk management.
1. Choose a broker: Select a regulated forex broker that meets your trading needs and financial situation.
2. Open a trading account: Follow the steps to open a live or demo trading account with your chosen broker.
3. Fund your account: Transfer funds into your trading account to start trading with real money.
4. Develop a trading plan: Define your trading goals, risk tolerance and strategy for executing trades.
5. Practice with a demo account: Get hands-on experience by practicing your trading strategy with a demo account before trading with real money.
6. Start trading: Once you are comfortable, you can start executing trades based on your trading plan.
It's important to keep in mind that forex trading involves significant risk and is not suitable for all investors. It's crucial to educate yourself and practice with a demo account before trading with real money.
The Momentum Histo Indicator For MT4 is a very intelligent and versatile indicator. It can be configured to show values of 4 different indicators as a histogram and you can alerts via MT4 popup, Email and Push Notification. The 4 indicators are: Momentum, CCI, RSI and ATR The Momentum Histo Indicator For MT4 is so highly configurable that at first I thought it would be useless for the values of the ATR and CCI. Then I understood how the developer intended to use
The Auto SL TP Trailing Stop Expert Advisor for MT4 executes minimal routine checks before looking for trade entries. It inspects the current chart to see if it has more than 100 candles, if automated trading is allowed in the client terminal, if there is no open trade on the current symbol and if a new candle has formed. If any one of these conditions is not true, the robot stops its operation and runs again on the next candle. There are important parameters in Inputs that the user must
The MultiTrader Expert Advisor for MetaTrader4 platform is a multi-purpose trading utility. It gives the user with a wealth of information within the dashboard that the user can use to take trades. Plus, the program provides alerts to inform the user of an available trading opportunity in different symbols. Meanwhile, the user can use the provided information or the alerts to enter trades or he can use his own analysis and then use the tool to execute the trades. As the dashboard encompasses the
Position Size Calculator - Based on VP Money Management rules - indicator for MetaTrader 4 This indicator is based on the Money Management approach used by VP from nononsenseforex.com It uses ATR to calculate Stop Loss, Take Profit and Volume you should enter into a trade based on the percentage of your Equity you want to risk. Inputs Include : ATR Periods Input Risk % eg enter the % *changed for Version 2 Stop Loss Factor - calculate Stop Loss as 1.5 times the ATR from the current price Take
Rsi Ichimoku - Special Edition based on the standard Ichimoku Kinko Hyo MT4 indicator but has been further designed to track RSI values instead of in a sub-window. You can use it to confirm other strategies or if you are a dedicated Ichi user you can use it as a great addition to your Ichi chart. One thing that is easy to see and has shown in the charts below with live trading is the excellent signal that the GREEN Chinkou Span gives to show peaks and troughs or temporary consolidation in a
Waddah Attar Hidden Level is an dynamic indicator of support of resistance. This indicator is for intraday trading. Best Time Frame 15 minn, 30 min, 60 min. Currency pairs: EUR/USD, USD/CHF, USD/JPJ, AUD/USD, USD/CHF. Futures: S&P 500. How works Waddah Attar Hidden Level? It draw on the chart the lines of support and resistance. We can trade with method breakout open position (in direction of the trend how indicate by Sideways indicator): Buy at the broken the red line (to insert an pendig
Moving Average 3 Color Forex Indicator Colored MA - Color Moving Average. Alternative usual MA. Draws exponential Moving average with the specified period marking various colors movement upwards and downwards. Draws exponential Moving Average with the specified period marking various colors movement upwards and downwards. ============ Using: Can be used for development of the TS. In figure an example of three Color MA with the different periods: Fat - the fastest, the
FX5 Divergence - Spot price reversals Divergence is a potent indicator of price reversal points from areas of support and resistance. Compared to moving average indicators, it typically provides us with rather early signals. It works well with a variety of technical indicators and produces positive outcomes. The price and OsMA indicator's divergence lines will be displayed by this indicator. Depending on the type of divergence that was found, it will provide a buy/sell signal. The indicator can
Fractals are a popular technical indicator in forex trading used to identify potential turning points in the market. Here are some steps to use the Fractals Geometry indicator effectively: Add the Fractals Geometry indicator to your forex trading chart. Look for fractal signals: A fractal is a series of five or more price bars where: the highest high is preceded by two lower highs and followed by two lower highs, or the lowest low is preceded by two higher lows and followed by two
3 Price Channel Trading Strategies: 1. Trend Channel Trading Strategy 2. Price Channel Breakout Trading Strategy 3. Price Channel Consolidation Trading Strategy A price channel occurs when a security's price oscillates between two parallel lines, whether they be horizontal, ascending, or descending . Price channels are quite useful in identifying breakouts, which is when a security's price breaches either the upper or lower channel trendline. To create an up (ascending) channel , simply
This oscillator was rewritten from AmiBroker Formula Language (AFL) to MQL4. ALF Winner serves for definition of a trend by formed characteristic reversed parts of the indicator in the interval of 0/100. For intraday trading input parameters values should be decreased, for example, to Period=2, Average=4 values. afl_winner is a mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits
The ADX Crossing Indicator for MT4 helps traders to easily spot trend directions and possible entry points. Average Directional Index (ADX) is an indicator that determines the strength of a trend. Though the ADX is commonly used, many forex traders find the -D1 and +D1 crossover difficult to comprehend. The complexity of ADX is simplified using the ADX Crossing Indicator for MT4. The ADX Crossing Indicator is used to determine the direction and strength of a trend. Indicator for MT4 signal is
Buy or sell entry points will be communicated to you via SOUND ALARM or via your personal EMAIL ! You won't miss them! How to install Forex ADX Cross Alert Email Indicator? Download Forex ADX Cross Alert Email Indicator.zip Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators / Copy tpl file (Template) to your Metatrader Directory / templates / Start or restart your Metatrader Client Select Chart and Timeframe where you want to test your forex indicator Load indicator on