MT4 Indicators & Features
HOW TO INTEPRET THE SIGNALS ON MT4 CHARTS
1.HOW TO INTEPRET THE SIGNALS ON MT4 CHARTS?
- BUY DIRECTION.
- WHEN ALL 3 PARAMETERS CONFORM
- 1 UP ARROW
- 2.CANDLE ABOVE SUPERTREND
- 3.BOTTOM TREND SHOULD BE GREEN ON CHARTS
HOW TO EXIT A BUY TRADE
EXIT WHEN PRICE START TRADING BELOW SUPER TREND AND THE BAND BELOW BECOMES RED.
AS SHOWN IN THE IMAGE BELOW.
RE ENTRY OF BUY TRADE
YOU CAN TAKE REENTRY IN TRADE WHEN THE CANDLE AGAIN CLOSES ABOVE THE SUPER TREND AND THE BOTTOM TREND ON CHART IS GREEN. LIKE SHOWED IN THE IMAGE BELOW, AFTER FIRST TRADE EXIT AGAIN THE PRICE CAME ABOVE SUPERTREND AND THE TREND WAS ALSO IN GREEN.
HOW TO TRADE FALSE BREAKOUT?
TO TAKE TRADE WHEN ALL THREE PARAMETERS DOESN’T MEET AT SAME TIME IN SUCH CASE WE WAIT FOR SOME PRICE RETRACTMENT OR PRICE TO COME NEAR STOP LOSS, TO REDUCE THE RISK. YOU CAN REFER FOR THE IMAGE GIVEN BELOW
REVERSAL TRADE FROM SELL TO BUY.
IF SUPPOSE MARKET IS RECOVERING AND YOU SEE IMPROVEMENT IN MARKET BREADTH VIA PIE CHART. NOW YOU CAN TAKE REVERSAL TRADE. FOR REFERENCE YOU CAN CHECK IMAGE BELOW THIS SHOWS HOW PIE CHART IS IMPROVING.
BUY SIGNAL ON MT4 WITH IMPROVING PIE CHART
IF YOU SEE IMPROVEMENT IN MARKET BREADTH VIA PIE CHART AND ALSO ALL THREE PARAMETERS ARE CONFIRMING AN ENTRY ON BUY SIDE, THAN YOU CAN TAKE A REVERSAL TRADE. FOR REFRENCE CHECK THE IMAGE BELOW.
SELL TRADE
- SELL DIRECTION.
WHEN ALL 3 PARAMETERS CONFORM - 1.DOWN ARROW
- 2.CANDLE BELOW SUPERTREND
- 3. BOTTOM TREND SHOULD BE RED ON CHARTS
EXIT OF SELL TRADE
EXIT WHEN PRICE START TRADING ABOVE SUPER TREND AND THE BAND. BELOW BECOMES GREEN.
AS SHOWN IN THE IMAGE BELOW.
RE ENTRY OF SELL TRADE
YOU CAN TAKE REENTRY IN TRADE WHEN THE CANDLE AGAIN CLOSES BELOW THE SUPER TREND AND THE BOTTOM TREND ON CHART IS RED.
LIKE SHOWED IN THE IMAGE BELOW, AFTER FIRST TRADE EXIT AGAIN THE PRICE CAME BELOW SUPERTREND AND THE TREND WAS ALSO IN RED
HOW TO TRADE FALSE BREAKOUT?
TO TAKE TRADE WHEN ALL THREE PARAMETERS DOESN’T MEET AT SAME TIME IN SUCH CASE WE WAIT FOR SOME PRICE RETRACTMENT OR PRICE TO COME NEAR STOP LOSS, TO REDUCE THE RISK. YOU CAN REFER FOR THE IMAGE GIVEN BELOW.
REVERSAL TRADE FROM BUY TO SELL
IF SUPPOSE MARKET IS FALLING AND YOU SEE THE MARKET BREADTH TURNING NEGATIVE OR WEAKING FROM ITS PEAK . NOW YOU CAN TAKE REVERSAL TRADE.
FOR REFERENCE YOU CAN CHECK IMAGE BELOW THIS SHOWS HOW PIE CHART IS INCREASING ON NEGATIVE SIDE.
SELL SIGNAL ON MT4 WITH MARKET BREADTH WEAKENING ON PIE CHART
IF YOU SEE THE MARKET BREADTH TURNING NEGATIVE OR WEAKING FROM ITS PEAK AND IF ALL THREE
PARAMETERS ARE CONFIRMING AN ENTRY ON SELL SIDE,THAN YOU CAN TAKE A REVERSAL TRADE.
FOR REFRENCE CHECK THE IMAGE BELOW.
