Morning Flat Forex Indicator is a forex trading system which is best suited for the swing traders. It can be used on time frames like 15 minutes, 5 minutes, and H1 time frames. Morning Flat is a very simple forex trading system yet a very powerful one. One might not need any other trading indicators when uses this because it is complete in itself. One can grab pips as much as 50 pips-100 pips using this fabulous software. Best part of this trading indicator is it has very few parameters to trade on.
When you install Morning Flat indicator in your trading platform, your chart should look like this:
Morning Flat Support and Resistance
The golden color and grey color horizontal lines that you see on the main chart are the support and resistance. The grey support line works as a buying signal and the golden resistance lines work as a sell signal.
Morning Flat Moving Average
Moving Flat moving Average is a custom made moving average which consists of green and red moving average. The color of the moving average changes as per the direction of the market. The green moving average indicates buying and the red moving average indicates selling.
Regarding this forex trading system, you should also watch for something which these indicators don’t tell you. That is, you should look for the major trend. This system will generate trading signals in counter trend directions too but you should ignore them to increase your odds of winning.
Buying Conditions Using Morning Flat.
– Market should be up trending.
– Market should be bouncing from swing low.
– Grey horizontal support should appear below the market.
– Moving average should be green.
– Place your long position as soon as above conditions are met.
– Place your stop loss just below the recent swing low.
– Take your profit when the moving average turns red.
Selling Conditions Using Morning Flat.
– Market should be down trending.
– Market should be retracing from swing high.
– Golden horizontal support should appear above the market.
– Moving average should be red.
– Place your short position as soon as above conditions are met.
– Place your stop loss just above the recent swing high.
– Take your profit when the moving average turns green.
Forex Indicators Download – Instructions
Morning Flat Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Morning Flat 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 Morning Flat Forex Indicator.mq4?
- Download Morning Flat Forex Indicator.mq4
- Copy Morning Flat 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 Morning Flat Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Morning Flat Forex Indicator.mq4 is available on your Chart
How to remove Morning Flat 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
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