Introduction to the CyberZingFx Trend Reversal Indicator
The CyberZingFx Trend Reversal Indicator is a popular forex trading tool that captures the trend reversals with no-repaint buy and sell arrow signals.
This is indicator is appreciated for catching accurate swing highs and swing Lows.
It fits all kinds of timeframes and currency pairs.
The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
Note: this version uses real-time signals for EUR/USD pair only.
How does it work? How to apply in trading?
Types of signals provided by the CyberZingFx Trend Reversal
1) Reversal BUY / SELL Arrows with Take Profit and Exit Signals with Alerts
2) Trend Follow Arrow Signals with Alerts
3) Trade Exit Point and Take Profit Point Signals with Alerts
4) Trend Line Signal with Trend Change Alert
5) Support and Resistance Lines
6) Quick Scalper Arrow Signals with Alerts
7) Price Action Dot Signals with Alerts
How to put Stop Loss and Take Profit for CyberZingFx Trend Reversal Indicator Signals?
Always put Stop Loss above previous higher high candle price or Lower low candle price.
SL above previous Higher High Candle for SELL Order
SL below previous Lower Low Candle for BUY Order
* TP/SL Ration should be 1:1.5 or above.
ie:- If SL is 100 pips, TP should be 150 pips or above.
* Close partial order lot and take in profit if Exit Signal appears before hitting Take Profit. And move SL to breakeven
How to set up the CyberZingFx Trend Reversal indicator in MT4?
Copy and paste the CyberZingFx Trend Reversal Lite.mq4 or CyberZingFx Trend Reversal Lite.ex4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The CyberZingFx Trend Reversal indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions.
CyberZingFx Trend Reversal Indicator Free Download
To download the CyberZingFx Trend Reversal Indicator for Metatrader 4 (MT4) for free just click the button below: