Trader Wawasan Forex Indicator is a forex trading strategy. Trader Wawasan looks similar to parabolic SAR indicator but it is the customized version. The system is really easy to understand and easy to trade with. Trader Wawasan is a trend following strategy so it is not appropriate to use this system to trade in a flat market. It works perfectly in a trending market. System consists of nothing more than a line that appears below and above the market chart. Whether the line appears above the chart or below the chart it can’t appear in both at the same time. This means on the basis of this Trader Wawasan system, you can short or long at a time but never both. If you do so that will be against the rule of Trader Wawasan forex trading system.
Don’t overthink and just keep it simple with Trader Wawasan and you will make money consistently. You should make sure that the market is trending. Be careful and watch out if there are possible reversal probabilities around your entry zone. That can be done by having a glance in a higher time frame. System can be used on any time frame and with any currency pair. Use your leverage wisely and have money management strategies on your hand. Set your risk to reward ratio to at least 1:2. Make your trading plan and stick to it. If you follow all these rules discipline you will make money.
When forex trading system is correctly loaded on your trading platform your chart should look like this:
You can see in the above picture that Trader Wawasan moves above and below the price chart. When the market is bullish Trader Wawasan is below the price chart and it is white in color and when the market is down the Trader Wawasan is above the price chart and it is orange in color.
Basically it is safe to buy when a white Trader Wawasan appears below the chart. You can hold the trade as long orange color Trader Wawasan doesn’t appear above the price chart. Conditions are same with the selling.
Buying Conditions Using System.
Major trend should be up. That can be figured out by looking at the chart.
White colored Trader Wawasan should appear below the price chart.
Candle should be bullish.
Place your stop loss just below the recent swing low.
Take your profit when an orange color Trader Wawasan appears above the chart.
Selling Conditions Using System.
Major trend should be down. That can be figured out by looking at the chart.
Orange colored Trader Wawasan should appear above the price chart.
Candle should be bearish.
Place your stop loss just above the recent swing high.
Take your profit when white colored Trader Wawasan appears below the chart.
Forex Indicators Download – Instructions
Trader Wawasan Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Trader Wawasan 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 Trader Wawasan Forex Indicator.mq4?
- Download Trader Wawasan Forex Indicator.mq4
- Copy Trader Wawasan 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 Trader Wawasan Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Trader Wawasan Forex Indicator.mq4 is available on your Chart
How to remove Trader Wawasan 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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