Scribd Logo
Upload

Welcome to Scribd!

  • 418 views

    Logic Trader MT4 Indicator

    Uploaded by

    Anonymous IjmLRYg69T
    The document provides instructions for installing and using the Logic Trader MT4 indicator. It can be used to identify trends on charts and signal when to enter buy or sell orders based on the color of the indicator line. The indicator line can also be used as a support level. It works on any time frame but daily is best. It can also be used as part of a triple screen trading method using multiple time frames.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Logic Trader MT4 Indicator

    Uploaded by

    Anonymous IjmLRYg69T
    418 views3 pages
    The document provides instructions for installing and using the Logic Trader MT4 indicator. It can be used to identify trends on charts and signal when to enter buy or sell orders based on the color of the indicator line. The indicator line can also be used as a support level. It works on any time frame but daily is best. It can also be used as part of a triple screen trading method using multiple time frames.

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides instructions for installing and using the Logic Trader MT4 indicator. It can be used to identify trends on charts and signal when to enter buy or sell orders based on the color of the indicator line. The indicator line can also be used as a support level. It works on any time frame but daily is best. It can also be used as part of a triple screen trading method using multiple time frames.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    418 views3 pages

    Logic Trader MT4 Indicator

    Uploaded by

    Anonymous IjmLRYg69T
    The document provides instructions for installing and using the Logic Trader MT4 indicator. It can be used to identify trends on charts and signal when to enter buy or sell orders based on the color of the indicator line. The indicator line can also be used as a support level. It works on any time frame but daily is best. It can also be used as part of a triple screen trading method using multiple time frames.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Logic Trader MT4 Indicator

    Installation Copy Logic Trader MT4 Indicator.ex4 to: <Disk>:\<MetaTrader folder>\experts\indicators. Start or restart MT4 platfor ! on t"e top #ar select Indicators$C%sto ! find t"e indicator and apply it to t"e c"art. Settings In t"e indicator properties! Inp%ts! yo% can find t"e LT&'eriod! t"is (al%e can #e c"anged! defa%lt is )*! t"is period is %s%ally %sed on Daily c"arts for trend detection and it +orks +ell on Daily. T"is (al%e can #e ad,%sted #y trader to any (al%e! d%ring a (is%al analysis or #y traders preferences! it is si ilar to a o(ing a(erage period.

    -lso colors of t"e line can #e ad,%sted. Defa%lt is .reen for /pTrend line 0123 and 4ed for Do+nTrend line 01)3! 5ello+ 01*3 is for additional #%ffer for calc%lations! #%t it is not %sed on c"art.

    How to use? It is 6%ite si ple! look at t"e indicator line color! if .reen! t"en trade only 7%y orders! and if 4ed! t"en trade only Sell orders. -lso! Logic Trader 0LT3 line can #e %sed as a s%pport line. T"%s if LT line is .reen and arket price is close to LT line! t"en t"is is t"e rig"t o ent for entering a 7%y order. -nd if LT line is 4ed and arket price is close to LT line! t"en t"is is t"e rig"t o ent for entering a Sell order.

    Colors of LT line can #e applied for taking decisions for trading exactly +it" t"is indicator! #%t also can #e %sed as a co pass for trading different trading styles! and to respect t"e a,or trends. It +orks on any ti e fra e! #%t Daily ti e fra e is one of t"e #est to +ork as co pass. Logic Trader MT4 Indicator can #e %sed for trading #y Triple Screen trading et"od. In t"is case trader "as to open 8 ti e fra es and attac" t"e Logic Trader MT4 Indicator to eac" ti e fra e! for exa ple: Daily! 94! 9*. T"e r%les are si ple: a3 if LT line on all 8 ti e fra es is .reen! t"en enter a 7%y order: and exit t"is order if 94 or 9* ti e fra e s"o+s 4ed LT line. #3 if LT line on all 8 ti e fra es is 4ed! t"en enter a Sell order: and exit t"is order if 94 or 9* ti e fra e s"o+s .reen LT line. -n exa ple of Triple Screen et"od is s"o+n in next pict%re. ;or arranging 8 c"arts on screen in MT4! on t"e top #ar <indo+$Tile =ertically can #e %sed.

    ;%rt"er ore! Logic Trader MT4 Indicator can #e %sed as a confir ation signal for any ot"er trading strategies.

    You might also like