Raven Mt4 Trend Indicator is a trend momentum Indicator based on the channel of moving averages, above the channel only buy, below the channel only sell, but the signal is generated by a combination of signals.
Raven Mt4 Trend Indicator is the total combination of a moving averages channel with a direction indicator and oscillators. It is based on a combination of a moving averages channel with a direction indicator and oscillators.
Input parameters for Raven Trend Mt4 Trading Indicator:
Currency pairs: any
Timeframe: M1-H4
Bidding Time: Any
Risk management:
choose a lot size so that the risk is no more than 2-5% of the deposit per transaction
Indicators Used in Raven Trend Mt4 Trading Strategy:
- T&C Wonders;
- Heiken Ashi;
- LWMA (20, close)
- LWMA (60, close)
- CCI Woodie
- Trend indicator
Raven Mt4 Trend Indicator opening long position a white up arrow appeared;
the price closed above the moving averages channel;
Haken Asha's bar is white;
CCI Woodie indicator line in white;
Trend indicator bars are white.
Raven Mt4 Trend Indicator opening short position
- a red down arrow appeared;
- the price closed below the moving averages channel;
- Haken Ashi's bar is red;
- CCI Woodie indicator line in red;
- Trend indicator bars in red.
Setting stop loss and take profit:
Stop loss is recommended to be set above / below the previous local maximum/minimum;
a take profit order is recommended to be set at a ratio of 2: 1 to stop loss or use a trailing stop. It is recommended to close the position when an arrow appears in the opposite direction.
How to install the Indicator or Strategy or EA?
- Download .zip file.
- Copy mq4 and ex4 files to your Metatrader Directory/experts/indicators/
- Copy tpl file (Template) to your Metatrader Directory/templates/
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Right-click on your trading chart and hover on “Template”
- Move the right to select Indicator and/or Strategy EA.
You will see Current Indicator or Strategy or EA is available on your Chart
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