Forex Olympus Indicator
Introduction to the Forex Olympus Indicator
The Forex Olympus Indicator is a trend-following 如何在MT4上注册和交易Olymp Trade Forex forex indicator that, in essence, works in a very similar way to the Half Trend Buy/Sell Indicator. Nonetheless, it is a very interesting gauge that provides solid and accurate trading 如何在MT4上注册和交易Olymp Trade Forex signals. It works the best during strong market swings.
The Forex Olympus Indicator fits all 如何在MT4上注册和交易Olymp Trade Forex kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment 如何在MT4上注册和交易Olymp Trade Forex with the settings and parameters to fit your personal preferences.
How does it work? How to 如何在MT4上注册和交易Olymp Trade Forex 如何在MT4上注册和交易Olymp Trade Forex apply in trading?
Trading Rules Explanation
The Forex Olympus Indicator is equipped with three trading modes: Moderate (low risk and low return), Neutral (optimal risk to reward ratio), and Intense (highest risk and highest profit). The core of the indicator is a signal line that triggers the trades. It is blue when the trend momentum is bullish. Conversely, it is 如何在MT4上注册和交易Olymp Trade Forex yellow when the trend momentum is bearish.
Buy Signal
- The Forex Olympus indicator switches from yellow to blue
- Price swings higher from recent low swing
- Buy trade is triggered after the above conditions are met
- Set stop loss a few pips below the last swing low of the market
- Take profit or exit trade whenever the Forex Olympus indicator provides opposite signal, or use your own method of trade exit
Sell Signal
- The Forex Olympus indicator 如何在MT4上注册和交易Olymp Trade Forex switches from blue to yellow
- Price swings lower from recent high swing
- Sell trade is triggered after the above conditions are met
- Set stop loss a few pips above the last swing high of the market
- Take profit or exit trade whenever the Forex Olympus 如何在MT4上注册和交易Olymp Trade Forex indicator provides opposite signal, or use your own method of trade exit
As always, to achieve 如何在MT4上注册和交易Olymp Trade Forex good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also 如何在MT4上注册和交易Olymp Trade Forex when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
How to set up the Forex Olympus indicator in MT4?
Installation Guide
Download the Forex Olympus.rar archive at the bottom of this post, unpack it, then copy and paste the Forex Olympus.ex4 or Forex Olympus.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You 如何在MT4上注册和交易Olymp Trade Forex 如何在MT4上注册和交易Olymp Trade Forex can gain access to this folder by clicking the top menu options, which goes as 如何在MT4上注册和交易Olymp Trade Forex follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
Bottom Line
The Forex Olympus indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis 如何在MT4上注册和交易Olymp Trade Forex 如何在MT4上注册和交易Olymp Trade Forex tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have 如何在MT4上注册和交易Olymp Trade Forex more great free forex MT4 indicators to download and try.
Download Free MT4 Forex Olympus Indicator
To download the Forex Olympus Indicator for Metatrader 4 (MT4) for free just click the button below:
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