How To Use The Filter Indicator In The Best Way

How To Use The  Filter Indicator In The Best Way

 Filter v2.01 Is a free indiactor and only share for educational purpose.


Filter v2.01 is a Mt4 (MT4) indicator that can be used with any forex trading system or system to confirm trade entries or exits.

Filter v2.01.ex4 are included downloaded package Filter v2.01.rar.


How do I install your Filter v2.01 mt4 indicator on the Metatrader 4 trading system?


  • Extraction filter v2.01.rar file which you downloaded.
  • Within the Mt4 trading platform, go to the “File Menu” and choose “Open Data Folder.
  • Open the Mql4 folder, then the Indicators folder.
  • Now get the v2.01 filter.ex4 files and paste them into the indicators folder after starting MetaTrader 4.


How To Use The Indicator

Buying Signal: As soon as the signal line changes colour from red to green, make a buy trade. The current trend is rising. Use your favourite stop loss approach or set your stop loss below the most recent support level. Exit the buying trade for a predetermined profit objective, or just wait for a sell signal in the opposite direction. Alternatively, you can close the buy trade using your own take profit strategy. Sell Signal: As soon as the signal line changes colour from green to red, enter a sell trade. The current trend is decreasing. Use your favourite stop loss approach or set your stop loss above the most recent resistance level. Exit the sell trade at a preset profit objective of your choosing, or just wait for an opposite buying signal. Alternatively, you can close the sell deal using your own take profit strategy.

More About Indicator


The Filter indicator for Metatrader 4 is a fantastic trend-following trading indicator that can be used on any time frame. On the activity chart, it is represented by a coloured green/red signal line. Simply said, the indicator advises you when to make a new trade and when to close an existing one. The indicator is constantly involved in the market, either as a buyer or a seller (stop and reverse). During the London and New York trading sessions, the Trend Sniper indicator is ideal for forex scalping. Simply drag and drop the Filter indicator onto the MT4 chart and begin trading in minutes.




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3 Comments

  1. Hello, Thanks for that wonderful indicator
    is it possible to set a allert ?
    I think it doesnt work

    ReplyDelete
  2. No it is not built the alert option in the indicator

    ReplyDelete
    Replies
    1. Is it possible to get with mq4 format ?
      I'll make allert on it
      or how it works ? to set alert
      Thank you!

      Delete

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