RD Combo Forex Indicator is a very dynamic forex indicator as it generates accurate trading signals in all kinds of market conditions. The Rd Combo indicator works under simple philosophy. The indicator is really easy to understand. With Rd Combo you will be able to execute high probability setups. This forex trading indicator is perfect for scalping and it can be used for trading in higher time frames like H1, H4, and daily. However, I believe that you would need some other technical indicators as well to get clear signals. It’s up to you to choose which indicator to use.
When RD combo indicator is correctly installed in your trading platform, your chart should look like this:
RD Combo indicator consists of bars that are either positive or negative. The positive bars indicate buying pressure or bullish market whereas the negative bars indicate selling pressure or downward market. Therefore, you should be buying only when there are positive bars are formed and you should be selling only when the negative bars are forming.
Buying Conditions Using RD combo indicator.
– Market should be up trending.
– The RD Combo indicator should form positive bars.
– 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 bars become negative.
Selling Conditions Using RD Combo indicator.
– Market should be down trending.
– The RD Combo indicator should form negative bars.
– 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 bars become positive.
Forex Indicators Download – Instructions
RD Combo Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
RD Combo 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 RD Combo Forex Indicator.mq4?
- Download RD Combo Forex Indicator.mq4
- Copy RD Combo 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 RD Combo Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator RD Combo Forex Indicator.mq4 is available on your Chart
How to remove RD Combo 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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