Forex MTN Indicator
Platform: MT4 Type: Scalping Last update: November 2, 2024The Forex MTN Indicator for MT4 is a very simple gauge useful for both trading styles: scalping and intraday. The signals provided by this indicator are just blue and red dots that one should use trade accordingly.
One should take into consideration that such a basic tool is better to use as a supplement or addition to a proven trading system.
We will give you basic rules on when and how to open the trades.
- Open Buy trade on the next candle after the blue circle. Exit when there appeared a red circle.
- Open Sell trade on the next candle after the red circle. Exit when there appeared a blue circle.
Example chart:
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