Description:
Ever wished you could catch the market's next big move while you're catching some Z's? The Market Crash Alert indicator for MetaTrader 4 is your answer! This handy tool highlights market pushes and predicts an impressive 80% likelihood of the next big trend. Remember, trendy markets often kick off with high ticks and significant movements, especially on a 5-minute timeframe.
To get started, simply set your instrument number in the indicator properties. Here's the color code to help you:
- Green: Indicates a high current candle compared to the low of the previous candle.
- Red: Indicates a low current candle compared to the high of the previous candle.
Give it a solid week of practice to uncover its magic and understand how it works. Keep an eye out for high tick bars, as these can signal an 80% chance of the next trend continuing in the same direction. If you see a buy signal but the market breaks, that’s your cue to stay alert. Don’t forget to set your stop loss below the low; in EUR/USD, a 50-50 SL/TP ratio tends to work well.
So, enjoy the ride and be patient—spend at least a week with this indicator to really see its potential!
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