Introduction to the Sidus V3 Indicator
The Sidus V3 indicator is a popular custom forex trading indicator displaying two moving averages and buy/sell arrows.
It is a trend following indicator and it generates signals based on moving average crossover.
Simplified trading rules with Sidus V3 are the following:
- Open long trade after buy arrow appeared and the current candle has closed. Place your stop loss after few pips below the last swing low.
- Open short trade after sell arrow appeared and the current candle has closed. Place your stop loss after few pips above the last swing high.
It fits all kinds of timeframes and currency pairs.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
Check also: Fiji Trend Indicator
How to set up the Sidus V3 indicator in MT4?
Copy and paste the sidus_v3.ex4 or sidus_v3.mq4 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 Sidus V3 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. Feel free to develop your own trading system based around it.
Sidus V3 Indicator Free Download
To download the Sidus V3 Indicator for Metatrader 4 (MT4) for free just click the button below: