Sequence of Analysis

1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily

Wednesday, October 21, 2020

The convenient of using custom build metatrader 4 arrow indicator signal

There are and thousands of custom made forex signal indicators out there that are made based on the metatrader 4 platform and it is very convenient especially for new traders. However it can be misleading when used alone without guidance from other indicators like MACD and Stochastic. 

In this chapter I am going to discussed specifically about the arrow indicators signal you can download for free just by searching on Google. There are also ready made in Metatrader (mt4) market place which you can download as many as you please. 

Why is it better to use automated signal indicator ? Personally I feel that automated signal indicator providing me with second decision maker and it is very convenient instead of relying on technical indicators alone. As human being we easily get confused and forget what we have analyzed earlier especially when it involved multiple time frames with different set of indicators. This is true when we navigate back and forth on different screens and multiple chart formations showing on the screen with different indicators behaviors.

The automated signal come to the rescue and make life easier and enforce confidence decisively. The chart below shows an example how the arrow custom indicator helps a lot in deciding the direction of the market. Without the arrow you will have to recheck over and over again if the previous analysis was right and with the arrow it confirms our conviction without the need of repeat analysis.


So it is very important to have the arrows indicator as our assistance to make a decisive trade setups. The convenient of using it provide positive impact to our trading mentality and therefore why not hire it on the chart. Most importantly it's free of charge.

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