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MT4 Indicators for Accurate Forex Trading

This document discusses MT4 indicators for accurate forex trading. It covers basic market structures for uptrends and downtrends, identifying strong/weak highs and lows for continuation trades, identifying trend changes when a high takes out a strong low or vice versa, and a change of character indicator to signal when a swing run may be over and a pullback starting or vice versa. The indicators help traders identify trading opportunities by recognizing structures, trends, and signals in forex market price action.

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hari haran
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1K views5 pages

MT4 Indicators for Accurate Forex Trading

This document discusses MT4 indicators for accurate forex trading. It covers basic market structures for uptrends and downtrends, identifying strong/weak highs and lows for continuation trades, identifying trend changes when a high takes out a strong low or vice versa, and a change of character indicator to signal when a swing run may be over and a pullback starting or vice versa. The indicators help traders identify trading opportunities by recognizing structures, trends, and signals in forex market price action.

Uploaded by

hari haran
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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MT4INDICATORS FOR INSANELY ACCURATE TRADING

BASIC MARKET
STRUCTURE
SPECIALKAYE FOREX
BASIC MARKET STRUCTURE
Up Trend Down Trend
Bullish Market Structure Bearish Market Structure

Theory Theory
HH BOS

HH BOS
LH
HH BOS
LH
LH
HL
HL
LL BOS
HL
BOS
LL

LL BOS

Reality Reality
HH BOS LH
LH

HH BOS
BOS
LL

HL LH

HH BOS
LL BOS

HL
LL BOS
HL

MT4 INDICATORS FOR INSANELY ACCURATE TRADING


STRONG/WEAK HIGH/LOWS
Objective is to catch HLs and LHs in continuation
Up Trend Down Trend
Bullish Market Structure Bearish Market Structure

Theory Theory
BOS

BOS
BOS

BOS

BOS

BOS

Reality Reality
BOS

BOS
BOS

BOS
BOS

BOS

MT4 INDICATORS FOR INSANELY ACCURATE TRADING


TREND CHANGE
High took out strong low
Becomes protected
HH

HH

BOS
Bearish expectation of a LH has failed
HH confirms bullish trend change
LH
HH

BOS

HH

BOS
LH
BOS
BOS
HL

BOS
LL

Bullish expectation of a HL has failed


LL confirms bearish trend change HL

HL

BOS
LL

LL

Low took out strong high


Becomes protected

MT4 INDICATORS FOR INSANELY ACCURATE TRADING


CHANGE OF CHARACTER
Not a guarantee : Can give false signals

BOS

BOS

Bullish CHoCH
Signals bearish swing run may
be over pullback may start

CHoCH CHoCH
Bearish CHoCH
Signals bullish swing run may
BOS
be over pullback may start

False signal that HL has formed

Signals when a run may have finish and a pullback is starting and
when a pullback has finish and a run is starting

MT4 INDICATORS FOR INSANELY ACCURATE TRADING

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