Laser Reversal Indicator- Clever algorithm with PA & Market Timing strategies
|January 31, 2021||8510||851|
Laser Forex Reversal mt4 Indicator displays BUY SELL Arrow Signals in the main chart. It can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits.It is really simple to use, just follow the arrows – buy when there is an upward arrow and sell when the is a downward arrow. You can use this indicator as a standalone trading tool or it can be a good addition to your best proven trading system or strategy.
How to install the Laser Forex Reversal Indicator on your Metatrader 4 trading platform?
- Download the indicator by clicking “LINK” button at the bottom of this post.
- Copy and paste the Laser Forex Reversal Indicator files into following folder of your Metatrader 4 (MT4) platform: MQL4 > Indicators.
- You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
- Restart your Metatrader 4 Client.
- Select Chart and Timeframe where you want to test the indicator
- Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.
- Right click on laser-forex-reversal-indicator.mq4 and than click “Attach to the chart”.
- You can modify settings if you need and than click ok.
- The indicator is ready and running on the chart.
In the archives you will find following Metatrader 4 files included:
- laser-forex-reversal-template.tpl Trading Rules: Buy Signal
When trading Laser reversal it is important to set the protective stop loss correctly.
When making a buy deal, the order is placed outside the lower border of the signal box
When making a sell deal, the order should be moved outside the upper edge of the signal box. Take profit should be at least 2 times higher than stop loss. If the market voaltility is low and the Take profit is too small, then it is better to skip the deal.