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 alike moving average, but it filters fakouts and gives clear trend direction hints.
The 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.
This tool 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.
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. Place your stop loss a few pips below last swing low.
Sell Entry: Open short trade after the indicator signal line turns red color and the triggering bar has closed. Place your stop loss a few pips above 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.
Example of EUR/USD H1 Chart
This screenshot below shows an example of T3 High-Low Activator MTF in action.
How to set up the T3 High-Low Activator MTF indicator in MT4?
Copy and paste the t3-high-low-activator-mtf.mq4 or t3-high-low-activator-mtf.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, that 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.
Click the link below:
The T3 High-Low Activator MTF 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.