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Forex King Mt4 Trading Indicator is new and best profit gainers Metatrader 4 Indicator, proper use of Forex King Mt4 Trading Indicator can make you a successful forex trader.
Forex King Mt4 Trading Indicators and their performance.
1) Ichimoku
A classic indicator that combines several approaches to market analysis and is designed to identify trends, support lines, and resistance and generating buy/sell signals. In this strategy, we will use parameters 7, 42, 52 instead of the standard ones. Market entry carried out depending on the position of the current price relative to Ichimoku blue line indicator
2) GANNHILO-HISTO
An additional trend indicator for filtering signals. The entrance to the market is carried out depending on the color of the bar graph in the bottom parts of the graph.
3)GG-RSI-CCCI1
Another trend indicator for filtering signals. Market entry carried out depending on the color of the bar graph in the lower part graphics. As with the previous indicator, the Forex King strategy standard parameters for this indicator are used.
Conditions for opening a buy order:
• The price is above the blue line of the Ichimoku indicator
• Blue GannHiLo-Histo Bar Graph
• Blue bar graph GG-RSI-CCI1
(all conditions must be met at the same time!
Conditions for opening a sell order:
• The price is below the blue line of the Ichimoku indicator
• Red bar graph GannHiLo-Histo
• Red bar graph GG-RSI-CCI1
(all conditions must be met at the same time!)
Close position:
• Take profit
• When an opposite signal from the lower indicators appears
(GannHiLo-Histo and GG-RSI-CCI1).
• Trend reversal on higher timeframes.
It is advisable to use stop loss and take profit (at the next levels minimum / maximum) or trailing stop (optimally 15 points).
When testing the EUR / USD strategy on M30, take profit 300 was used pips and stop loss of 50 pips.
Download free now
Forex King Mt4 Trading Indicators and their performance.
1) Ichimoku
A classic indicator that combines several approaches to market analysis and is designed to identify trends, support lines, and resistance and generating buy/sell signals. In this strategy, we will use parameters 7, 42, 52 instead of the standard ones. Market entry carried out depending on the position of the current price relative to Ichimoku blue line indicator
2) GANNHILO-HISTO
An additional trend indicator for filtering signals. The entrance to the market is carried out depending on the color of the bar graph in the bottom parts of the graph.
3)GG-RSI-CCCI1
Another trend indicator for filtering signals. Market entry carried out depending on the color of the bar graph in the lower part graphics. As with the previous indicator, the Forex King strategy standard parameters for this indicator are used.
Conditions for opening a buy order:
• The price is above the blue line of the Ichimoku indicator
• Blue GannHiLo-Histo Bar Graph
• Blue bar graph GG-RSI-CCI1
(all conditions must be met at the same time!
Conditions for opening a sell order:
• The price is below the blue line of the Ichimoku indicator
• Red bar graph GannHiLo-Histo
• Red bar graph GG-RSI-CCI1
(all conditions must be met at the same time!)
Close position:
• Take profit
• When an opposite signal from the lower indicators appears
(GannHiLo-Histo and GG-RSI-CCI1).
• Trend reversal on higher timeframes.
It is advisable to use stop loss and take profit (at the next levels minimum / maximum) or trailing stop (optimally 15 points).
When testing the EUR / USD strategy on M30, take profit 300 was used pips and stop loss of 50 pips.
Download free now
