Signal Watch

This indicator is an mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits.

Time Frame 30 min or 60 min .

Currency pairs:EUR/USD, GBP/USD, AUD/USD, USD/CHF/ GPB/JPY, EUR/ JPY, US/NZ, and exotic currency pairs.

Metal:Gold and Silver.

 Indices: S&P 500, Dax, FTSE.

Rules for New Signal watch.

 

Long Entry

Signal watch indicator indicates a pending buy order.

Placed order, if Stochastic histogram is green and the price is above the daily open line.

 

Short Entry

Signal watch indicator indicates a pending sell order.

Placed order, if Stochastic histogram is red and the price is below the daily open line.

 

Exit position

At the profit target indicate by Signal watch signal indicator or fast profit target that depends by currency pairs. Initial stop loss 30-40 pips.

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