-

Home Forex MT4 Indicators Forex ADX WMA Bands Indicator

Forex ADX WMA Bands Indicator

We would like to present ADX WMA Bands indicator. This is a forex technical indicator and it is one of the simplest buy and sell signals indicator. You can also use this indicator when building your own forex trading system. To build a successful trading system you will need various technical indicators, but for trend change recognition you can definitely use ADX WMA Bands indicator. This indicator was created for short-term trading and therefore you should use on low timeframes like 5m, 15m or 1h. Better avoid holding trades for longer periods like 1 week. You will get best results with opening and closing trades during same day. There are no limits when it comes to choosing the currency pairs.

Rules for long trades – BUY
Use trend lines to confirm bullish direction of the trend.
Confirm bullish shape of ADX WMA Bands indicator.
Open a buy on price action buy signal (piercing pattern, dark cloud cover etc.).
Place the stop below the entry signal bar.
Place the target at the zone of the upper band, or simply before the next resistance zone.

Rules for short trades – SELL
Use trend lines to confirm bearish direction of the trend.
Confirm bearish shape of ADX WMA Bands indicator.
Open a sell on a selling price action signal shows up (piercing pattern, dark cloud cover etc.)
Place the stop above the entry signal bar.
Place the target at the zone of the lower band, or simply before the next support zone.

Forex ADX WMA Bands Indicator free download:

LINK

Previous articleSuper Scalp Winners
Next articleUltimate Forex System

New posts

Urban Towers MT4 Indicator

The Urban Towers indicator for Metatrader 4 displays buy and sell arrows - the position entry points accroding to...

Grand Capital No Deposit Bonus

GrandCapital is now offering free no deposit bonus. You can receive $500 without investing own money. This is great...

FreshForex No Deposit Bonus

FreshForex is now offering free no deposit bonus. You can receive $2019 without investing own money. Start trading straight...

FxOpen No Deposit Bonus

FxOpen is now offering free no deposit bonus. You can receive $10 welcome bonus without investing own money. Check...

Looking for something?

Popular posts

Xmaster Formula MT4 Forex Indicator

Xmaster Formula Indicator was made for traders like you can become real master of forex. This wonderful tool is suitable to use for trading...

Instant Buy Sell Signal

Instant Buy Sell Signal is profitable forex trading strategy that is really easy to use. It generate clear signals with arrows on charts. Below...

Trend Imperator V2 Trading System

Trend Imperator V2 is advanced forex trading system with clear arrows buy and sell signals. In the package you will receive following files: Trend_Imperator_V2e.ex4 Trend_Imperator_V2.ex4...

Binary Reaper – Non Repaint Binary Options Indicator

Below you can read a description from Binary Reaper indicator author: Are you Searching for a Custom Metatrader 4 (MT4) Arrow Indicator with at least...

Hyper EA Pro – profitable scalping robot

Hyper EA Pro is forex trading robot. It uses scalping strategy. EA place trades only during Asian session. Statistically it opens one trade per...
InstaForex

You might also likeRELATED
Recommended for you