The simple way with Moving Average
The Moving Average is one of the main indicators is mounted on MT4. Moving Average including one from various existing trend indicators in MT4. The Moving Average indicator is very simple to use and easy to detect the direction of the trend is going. The Moving Average is an indicator that is most widely used by professional traders. They use this indicator because this indicator is not a lie when it shows the direction of the trend. The greater the resulting signals then at the more obvious. Fewer at the resulting signal can signal false.
We don't need a far-away look for indicators that are complicated and expensive. Suffice it to use the Moving Average then we will gain consistent. The most important thing done in use indicator Moving Average is paying attention to the layout of the candlestick indicator Moving Average against. If candlestick is above the Moving Average then the market conditions are bullish. Then go to the right position is a buy. Whereas if candlestick is below Moving Average mean market conditions are bearish. The exact open position is a sell. Then, what is the indicator Moving Average parameters? Actually, there are no rules about the parameters of the Moving Average. We can use the default settings of the MT4 i.e. from 14. See the following image:
However, if we want to change the default settings the Moving Average is permissible. We are free to set the parameters of the Moving Average because the most important thing is to understand the workings of this indicator thus obtained accurate signals.
The use of a Moving Average indicators in forex trading is as follows:
Timeframe being used we recommend using 1 H
Select the currency pair EURUSD or GBPUSD
ENTER BUY
When the candlestick crossing moving averages from bottom to top
- Please wait for another candlestick bullish to close
- See if the price closed higher than the previous candlestick
- If the price closed higher than the previous candlestick then we recommend that you open a buy position.
ENTER SELL
- When the candlestick crossing moving averages from top to bottom
- Wait for another candlestick bullish to close
- See if the price closed lower from the previous candlestick
- If the price closes lower than the previous candlestick then we recommend that you open a sell position.
We should use currency pairs are EURUSD, GBPUSD, USDJPY, AUDUSD and. Why is the currency pair currency-it? Because of the currency pair-the currency volatility is high with an average range of about 100 pips per day. Therefore, when an early trend we can still gain an advantage because there are still a range that has not been achieved.
Okay, hopefully the current discussion is useful.
Labels: MT4 Indicators
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