Mega FX Profit Indicator was developed and submitted by megafxprofit.com. It is suited for any currency pair of your choice. It is also an indicator that is designed for use on all timeframes. The indicator is also usable on all trading brokers. You can use it when trading with XM brokers, hot forex brokers, Alpari Brokers and so forth. It is also an all session trading indicator.
You don’t need too much experience in trading to use this indicator. It is actually designed to help traders make profit when trading. Therefore it is a tool of aid for the traders. If correctly used, it can lead to a profit of about 150 pips per day.
Fig.1. The Mega FX profit indicator loaded on the MT4.
The indicator is displayed on a different chart below the main trading chart. Even the signals that are provided are displayed on the indicator chart that is usually below the main trading chart. Your trading chart is left clean. However you may opt to add other indicators of your choice if they are necessary. Especially an indicator to show the spread so that you are aware of the amount of negative that your order will enter the market with.
The indicator forms a wave line that changes its color between red and green. There is a straight yellow line which when the wave line crosses it changes its color. The yellow line is at a zero level. Once the megafxprofit wave line crosses this yellow straight line to the bottom, its color changes to red. Then when it crosses upwards, the line becomes green.
The indicator gives a trading signal every time the wave line crosses the yellow straight line. The signals are displayed in form of arrows. The arrow can either be red or green and it is given after one to two candles form in the same direction of the trend after the wave line crosses the yellow straight line. Therefore, you should not place a trade immediately the wave line crosses the yellow straight line. You should be patient and wait for the indicator to confirm the trend with an arrow signal.
Opening trades when using the Mega FX profit indicator.
If you are using the Mega FX profit indicator, you should trade with a lot of confident. The indicator is proven and its signals are usually efficient with very minimal chances of errors.
For you to place orders you just need to watch for the arrows on the indicator chart. If a green arrow appears, then you should place a buy order. If a red arrow appears, you should place a sell order.
Illustrating how to use the Mega FX profit indicator to open and close trades.
This indicator is best for traders that watch the market 24/7. Once you place the trade, you wait for an opposite signal to be given and close your previous order as you place another opposite order if the take profit that you set isn’t realized. You can trade on a single currency pair and have a running trade at all times since once you close an order, you open another.
Forex Indicators Download – Instructions
Mega FX Profit Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Mega FX Profit 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 Mega FX Profit Indicator.mq4?
- Download Mega FX Profit Indicator.mq4
- Copy Mega FX Profit 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 Mega FX Profit Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Mega FX Profit Indicator.mq4 is available on your Chart
How to remove Mega FX Profit 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
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Click The Link Below To Download:
Mega FX Profit