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Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. If you are looking for the best swing trading indicator mt4 that picks up most swing high and swing low point where you can use to swing trade then this zigzig indicator mt4 should definitely satisfy. In case you may be interested: Check out my free forex trading signals and trade setups based on price action. What About The Default Zigzag Indicator In Mt4? Does This Swing Zigzag Indicator Repaint?
You can also use the default zigzag indicator in mt4 as it pretty much does the same thing or you can also use this one attached here. You can use the zigzag high and lows to draw trendlines, price channels. If you use the trendline trading strategy, this zigzag indicator comes in very handy. The chart below shows how you can use the low of the zigzag indicator to place your trailing stop in a buy trade and ride out the trend for maximum profit extraction. When Is The Right Time To Get Out Of An Investment? Lord Forex Trading System MT4 is a forex trading system that is dedicated to serve swing traders and scalpers of forex market. This forex trading system is based on trend and momentum of the market.
This forex trading system makes sure that you are in the right direction of the market. Additionally, this forex trading system helps you to time the market. There are more than 4 technical indicators used in this forex trading system. But I have mentioned only four of them. In fact they are enough to make a sound trading decision based on this forex trading system. We will use only an indicator which is in the main chart window and rest of the three indicators that are in the indicator window will be used to filter the trading signals.
The moving average alike indicator that is in the main chart window is a HAMA 2 indicator. This indicator adjusts its color on the basis of the trend of the market. When the market is bullish this indicator is blue and when the market is bearish this indicator is pink. Goldminer indicator comprises of blue and red bars. You should buy only when the bars of Goldminer indicator is blue and you should sell only when the indicator is pink. The blue bars indicate bullish signal while the skin color bars indicate bearish signal.
Digital MACD indicator has histogram that moves in positive and negative territory. Look for long position when this indicator is positive and vice versa. Goldminer indicator should form blue bars. Digital MACD indicator should be in positive territory.
Place your long position when above parameters are met. Put your stop loss below the recent swing low. Take your profit when HAMA 2 indicator turns pink. Goldminer indicator should form red bars. Digital MACD indicator should be in negative territory.