I’ve traded manually for 20 years.
Here’s my wishlists that I made every year:
Able to place as many trades as possible so not to miss any opportunities
Trade with no fear, no emotional stress, no psychological barrier
Stick to rules …Read More
Free MetaTrader 4 (MT4) Indicators
METATRADER 4 (MT4)
Popular Forex trading platform for financial markets
The MetaTrader 4 trading platform also known as MT4 is popular in the forex markets. The platform is free and has a built-in language for programming trading strategies.
Functions includes:
- Multiple online forex trading account management
- Opening and closing position
- Pending orders
- Customized indicators for technical analysis
- Expert Advisor
- Script
- Library
- Include File
Mac Book user for MetaTrader 4 are getting more popular in the world. Installation for Mac Book user is not as easy as window user. It require some extra step to get it installed.
FREE METATRADER (MT4) INDICATORS / TEMPLATES
We are sharing some useful forex trader tools that we are using ourselves
Here’s some free Metatrader (MT4) forex indicators that we like and we are using for our forex trading.
Download indicators first. Read this instruction on how to insert indicators into your MT4 platform.
You can also download template that we uploaded to have the same look/feel as ours.
MACD (Indicator)
MACD is known as Moving Average Convergence Divergence. It is a simplest trend-following momentum indicator that shows relationship between two moving averages of prices. MACD is calculated by subtracting the 26 day exponential moving average (EMA) from the 12 day EMA. Therefore a 9 day EMA of the MACD line is plotted with the indicator to act as a signal line and identify turns.
We use default setting for MACD in our scalping trades.
Fast MACD = 12
Slow MACD = 26
Signal = 9
Scalping (Template)
Scalping in forex market is a popular method by quick opening and liquidation of position. It is commonly used in daytrading. Our definition of scalping is to have a 10-20 pips risk for 30-50 pips gain. It is also use as a mean for early entry into a typical swing trade in Tflow®.
Commonly tools combine for scalping:
- Bollinger Bands
- MACD Indicator
- Stochastic Indicator
Forex Calculator (Indicator)
We develop a forex calculator that calculates position size and we are giving this metatrader (MT4) indicator for free.
Position Sizing Calculator for better Forex risk management. It automatically compute the appropriate lot size for your specific risk appetite and account margin.
More information on how to install and configure the Forex Position Size Calculator.
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