Introduction to the T3 High-Low Activator MTF Indicator
The T3 High-Low Activator MTF Indicator is a custom forex trading tool that at first glance looks like moving average, but it filters fakeouts and gives clear trend direction hints. That forex indicator is very easy to use and it is also very universal – you can apply it both in trend following, trend reversal, and momentum trading. The simplicity of signals is an advantage for beginners and for a bit more advanced traders too. That T3 High-Low Activator MTF indicator applies a High-Low method over the selected period of market data and the result of that formula is a dynamic trend line based on its calculation.
The T3 High-Low Activator MTF Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. 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.
How does it work? How to apply in trading?
Trading Rules Explanation
Signals provided by the T3 High-Low Activator MTF Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
Buy Entry: Open long trade after the indicator signal line turns green color and the triggering bar has closed. The trend now is considered bullish. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade after the indicator signal line turns red color and the triggering bar has closed. The trend now is considered bearish. Place your stop loss a few pips above the last swing high.
Exit Trade / Take Profit: Close your open position when an opposite signal occurs, or use your own preferred method of trade exit.
As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
Example of EUR/USD H1 Chart
This screenshot below shows an example of T3 High-Low Activator MTF forex indicator in action.
How to set up the T3 High-Low Activator MTF indicator in MT4?
Download the T3 High-Low Activator MTF.rar archive at the bottom of this post, unpack it, then copy and paste the T3 High-Low Activator MTF.ex4 or T3 High-Low Activator MTF.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 T3 High-Low Activator MTF indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.
Download Free Forex MT4 T3 High-Low Activator MTF Indicator
To download the T3 High-Low Activator MTF Indicator for Metatrader 4 (MT4) for free just click the button below: