AUTOMATIC DOUBLE TOP FINDER MT4 INDICATOR
Hello there
Thanks for passing by
Today we have a great indicator, Automatic Double Top Finder for MT4. Most of the strategies out there use Ms and Ws and sometimes because of the naked eye it will be easier for a person to skip or not being able to see the double tops. That's when this indicator comes handy because it identifies the Double Tops and Double bottoms, and it also gives an entry arrow where you can take the trade from to the next support or resistance
It works in all time frames but in my back testing I realized that the higher the timeframe the indicator shows wrong or not so good double tops and bottoms and if you start to go lower it also giver better and better signals. Mostly in my back test 30Minute and 15 Minute timeframes provide better signals with good risk to reward ratio. I encourage you to do your own research and back testing to see how this indicator can be implemented into your trading style if it's possible, don't try to force to fit it please.
As with every strategy that we post here, PLEASE, PLEASE do practice this in a demo account and be consistent in the demo using the strategy, don't just go on the rampage saying I now know this strategy without making the actual money from trading. Make sure you practice the strategy before trading your real money.
Follow this and more on our blog and other sources of information. Wishing you great success in your trading journey.
Peace out :)
Disclaimer:
THIS PDF AND OTHER MATERIALS FROM THIS/IN THE NAME OF THIS SITE(fxstrategylife.blogspot.com) IS FOR EDUCATIONAL PURPOSE ONLY. FOREX TRADING CARRIES A HIGH LEVEL OF RISK, AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE HIGH DEGREE OF LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU. BEFORE DECIDING TO INVEST IN FOREIGN EXCHANGE YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENTS, OBJECTIVES LEVEL OF EXPERIENCE AND RISK APPETITE. THE POSSIBILITY EXISTS THAT YOU COULD SUSTAIN A LOSS OF SOME OR ALL OF YOUR MONEY AND THEREFORE YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOSE.
