DTOSC Forex Indicator

DTOSC Forex Indicator

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DTOSC Forex Indicator was developed by a trader called Janus. It is a simple to use trading system and it is recommended to beginners.

This indicator is designed to be used with 15 Minutes and higher timeframes. When you use it with a tight time frame like the 15 minute timeframe, the rate of giving the buy/sell signals will increase, making it a good trading system for scalpers in this case. However, for the long term traders and the intraday traders, they should use timeframes of H1 and above.

This trading software can be used to trade any currency pair of your choice. Its performance will remain the same.

Fig.1. The Dtosc indicator inserted on to the trading chart.

This trading system is mainly based on the Dtosc indicator. However, the trading system can either incorporate the parabolic SAR (0.012, 0.1) or the EMA 11 and EMA 50. There is a difference in the way a trader is expected to trade with the two different combinations (Dtosc indicator with parabolic SAR (0.012, 0.1) and the Dtosc indicator with EMA 11 and EMA 50)

In either of the options, the trader will have to load the Parabolic SAR (0.012, 0.1) and the EMA 11 and EMA 50 by him or herself since there is no template for this trading strategy.

How to trade using the two different combinations.

1. Dtosc indicator with parabolic SAR (0.012, 0.1)

The oversold zone of the Dtosc indicator in this case is taken as 30 and the overbought zone as 70.

Conditions for placing a buy order

The trader should place a buy order after a Green Arrow (looks like a dot enclosing another dot) that illustrates Buying is generated. If this takes place, the trader should then wait for the DTOSC Oversold Zone to be reached and a Parabolic SAR dot to form below the candlesticks.

Conditions for placing a sell order

The trader should place a sell order after a red Arrow (looks like a dot enclosing another dot) that illustrates selling is generated. If this takes place, the trader should then wait for the DTOSC Overbought Zone to be reached and a Parabolic SAR dot to form above the candlesticks.

Fig.2. Dtosc indicator with parabolic SAR (0.012, 0.1).

1. Dtosc indicator with EMA 11 and EMA 50

Conditions for placing a buy order

The trader should place a buy order after a Green Buy Arrow (looks like a dot enclosing another dot) is generated. The trader should then wait for the DTOSC Oversold Zone to be reached and EMA 11 to get above the EMA50.

Conditions for placing a sell order

The trader should place a sell order after a red sell Arrow (looks like a dot enclosing another dot) is generated. The trader should then wait for the DTOSC Overbought Zone to be reached and EMA 11 to get below the EMA50.

Forex Indicators Download – Instructions

DTOSC Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

DTOSC Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

Do the same with template file (.tpl), if there is any, at File/Open Data Folder/templates.

How to install DTOSC Forex Indicator.mq4?

  • Download DTOSC Forex Indicator.mq4
  • Copy DTOSC Forex Indicator.mq4 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on DTOSC Forex Indicator.mq4
  • Attach to a chart
  • Modify settings or press ok
  • Indicator DTOSC Forex Indicator.mq4 is available on your Chart

How to remove DTOSC Forex Indicator.mq4 from your Metatrader 4 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Download Metatrader 4 Trading Platform:

  • Free $30 To Start Trading Instantly
  • No Deposit Required
  • Automatically Credited To Your Account
  • No Hidden Terms

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Click The Link Below To Download:
DTOSC

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