servusgroovyp
New Member
Characteristics of Indicator
1. Platform - Metatrader 4
2. Asset - Any Currency Pair
3. Candle Timeframe - 5 Min To 1 Hr
4. Trading Time - European Session & New York Session
5. Don't trade on Medium Impact and High Impact News Release Time
It will consist of 3 types of squares. The red squares are average, the blue squares are strong, and the yellow's are VERY strong.
What they point our are reversal points. If a yellow square has shown means there is a much greater and sooner chance of reversal than that of the red and blue. But this does not mean that you don't trade the brown and maroon squares. If you want to be safe, and if you intend to hold on to your trade, then only trade the yellow squares. As you can see, there is a message at the top. Currently it says “Get Ready”. So if you want to use this properly, then you must only enter a trade when the message says “SELL NEXT CANDLE” or “BUY NEXT CANDLE”. You can also have the software alert you with a window sound popup by setting the SOUND ALERT to TRUE.
Once you have entered your trade based on that, you must know when to exit and keep your stop-loss. If you go into the indicator properties, scroll down until you see the option SHOW.SUPRESLINES3 and set it to “TRUE”. It will then project strong price levels which are the most common take profit and stop-loss points that most traders use
1. Platform - Metatrader 4
2. Asset - Any Currency Pair
3. Candle Timeframe - 5 Min To 1 Hr
4. Trading Time - European Session & New York Session
5. Don't trade on Medium Impact and High Impact News Release Time
It will consist of 3 types of squares. The red squares are average, the blue squares are strong, and the yellow's are VERY strong.
What they point our are reversal points. If a yellow square has shown means there is a much greater and sooner chance of reversal than that of the red and blue. But this does not mean that you don't trade the brown and maroon squares. If you want to be safe, and if you intend to hold on to your trade, then only trade the yellow squares. As you can see, there is a message at the top. Currently it says “Get Ready”. So if you want to use this properly, then you must only enter a trade when the message says “SELL NEXT CANDLE” or “BUY NEXT CANDLE”. You can also have the software alert you with a window sound popup by setting the SOUND ALERT to TRUE.
Once you have entered your trade based on that, you must know when to exit and keep your stop-loss. If you go into the indicator properties, scroll down until you see the option SHOW.SUPRESLINES3 and set it to “TRUE”. It will then project strong price levels which are the most common take profit and stop-loss points that most traders use
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