Wave Trades Forex Indicators

Wave Trades Forex Indicators

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Wave Trades Forex Indicators depends on the waves that are formed as the market prices rise and fall. If you have look at the market, you will notice that the market does not have a continuous trend of the market prices. The prices goes up for a certain period and then goes down for a certain period depending on the market forces.

According to the currency pair that you are trading, the market prices may swing rapidly or take quite a long time before they change their trend. However the mostly traded currency pairs will exhibit more waves due to liquidity and their volatility. Therefore while using this trading strategy you should always look for the currency pair that has a tendency of forming waves. Examples of these currency pairs are EURUSD, AUDUSD, GBP/USD and USD/CAD.

The Wave Trades Forex Indicators uses a combination of indicators which includes:

A_info

This indicator is responsible for displaying the range, spread, swaps and the time remaining for the next bar to form.

FX Fish

This indicator is usually displayed on a separate chart and has green and red bars. It also has three level lines that you should take note of. It has two 0.3 lines and 0.0 line. The red bars usually form below the 0.0 line while the green bars form above the 0.0 line. The 0.3 lines are usually for confirming whether to open a trade or not.

Parabolic

This is displayed as the white dots on the main trading chart. When the dots form above the market prices there is an imminent down trend but if they form below the market prices there is a probable uptrend.

MACD

This is also displayed on a separate chart and it has a zero line that is used to indicate whether the trend is upwards or not. When the MACD form below the zero line then the trend is down while the vice versa is true.

SHI-SIGNAL
TraderWawasan TE v2.0 indicator.
VS_PivotsD

Fig.1. The wavetrades strategy templatee with indicators shown.

How to open and close trades using the Wave Trades Forex strategy

As a trader you should at all-time open a position when all the indicators give the same signal. If all the indictors give a sell or buy signal only one gives the opposite signal, avoid trading.

For you to open a sell the following should be the case:

The FX_fish indicator should be red and below the zero line.
The MACD should be below the zero line.
The parabolic indicator should be above the market prices.
The TraderWawasan TE v2.0 indicator should be yellow.

Example of placing a sell.

Fig.2. The wavetrades strategy templatee with indicators shown.

How to open and close trades using the Wave Trades Forex strategy.

As a trader you should at all-time open a position when all the indicators give the same signal. If all the indictors give a sell or buy signal only one gives the opposite signal, avoid trading.

For you to open a sell the following should be the case:

The FX_fish indicator should be red and below the zero line.
The MACD should be below the zero line.
The parabolic indicator should be above the market prices.
The TraderWawasan TE v2.0 indicator should be yellow.

Example of placing a sell.

Forex Indicators Download – Instructions

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

Wave Trades Forex Indicators 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 Wave Trades Forex Indicators.mq4?

  • Download Wave Trades Forex Indicators.mq4
  • Copy Wave Trades Forex Indicators.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 Wave Trades Forex Indicators.mq4
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Wave Trades Forex Indicators.mq4 is available on your Chart

How to remove Wave Trades Forex Indicators.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:
Wave Trades

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