Easy Trading with Accelerator
Although this indicator as one indicator of oscillator lines but in its use is unnecessary despite the overbought or oversold area. But we should pay attention to the movement at a time when the price was at line level 0. Therefore, we must add level 0 on this indicator. Because by default these indicators do not level 0 line, we have to add it yourself. Here's how to add the line level 0 as the picture below:
In addition, the bar is in these indicators belong to small so sometimes outwit us. Therefore, we can enlarge the bar by means of clicking the bold choice of lines like the following picture:
Then how do I use the Accelerator for the opening position indicator?
The setting of the TF on 1 hour or 4 hours (not small because only the TF will produce a false signal).
Using indicators of accelerator should at the time of the London's session or New York's session. Because at the session of the European trend began to form. Similarly, at a session of the United States, the trend may continue or reverses direction. Do not use this indicator in the Asian session, because at the Asian session the movement price range tends to be low, so sometimes it is precisely the cause of false signals.
To signal a buy or sell signal, please look at the picture below:
The BUY Signal
1. Watch the histogram with line level 0
2. If the histogram to penetrate the line level 0 from bottom to top
3. Do not forget to attach the stop loss and take profit
The Sell Signal
1. Watch the histogram with line level 0
2. If the histogram penetrate the line level 0 from top to bottom
3. Do not forget to attach the stop loss and take profit
Remember, that any indicator will be effective if the market is trending, but if the market is sideways then it will cause false signals that many traders are floating because the market conditions are deceived by sideways. In these circumstances, we should hold only once, do not sign in to the market. We can combine indicators of other trend indicators with Accelerator such as the Moving Average.
We can train themselves to use the indicators in a demo account first and then if we had become so we can use in real trading. Okay, good luck trading.
Labels: MT4 Indicators
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