The Delta Force Indicator for MT4 is a custom technical Indicator that is designed to pick the turning points in the price.
As you can see in the later parts of this post, the Delta Force Indicator coincides with the highs and lows formed on the price chart.
Delta Force Indicator: When to go long?
When to go long using the Delta Force Indicator?
Look for price to be forming a bottom. At the same time, wait for the Delta Force Indicator to start making new highs in relation to the previous bars, then go long at the new candlestick.
When to exit long positions
Exit the long position based on a one is to two risk reward set up or when you see the Delta Force Indicator starting to make lower bars.
Delta Force Indicator: When to short?
When to go short using the Delta Force Indicator?
Look for price to be forming a top.
At the same time, wait for the Delta Force Indicator to start making new highs in relation to the previous bars, then go short at the new candlestick.
When to exit short positions?
Exit the short position based on a one is to two risk reward set up or when you see the Delta Force Indicator starting to make lower bars.
Where to set the stop loss
After going long or short, look at the previous candlesticks. Identify the swing high or swing low and set your stop loss to these levels.
Conclusion
The Delta Force Indicator is a rather unique technical Indicator.
It can pick the turning points in the price with relative ease.
We recommend using the Delta Force Indicator along with a trend Indicator to be able to trade better with it.
How to Increase Your Winning Ratio with Delta Force Indicator MT4?
When you add the Delta Force Indicator MT4 and use it together with a proven trend trading system like the Elite Swing Trader or Simple Trend Trading System, you can only expect to achieve a better win ratio and better risk-reward ratio.
Recommended Time Frames
Technically speaking, you can use this MT4 indicator for all time frames.
However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly.
We recommend that you use higher time frames like the H4 or even higher for better consistency.
Click Here for Your Free Download of Delta Force Indicator.ex4 file
How to Install Custom Indicators on MT4 on Windows
How to Install Custom Indicators on MT4 on Mac OS
FREE Metatrader 4 Download | Free MT4 Download
Visit our Free MT4 Indicator Download page.
We hope you have enjoyed this post as much as we have created this strategy post for you.
Good luck and thank you for your readership.
The post ZigZag on Parabolic Indicator MT4 | Free Download appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
No comments:
Post a Comment