The Gann High Low Activator SSL Alert mt5 forex indicator is based on the original Gann Hi-Low Activator SSL, which was rewritten in MQL5. Another change is that the actual indicator was single color, which is why for the more visual definition of the trend direction, it was necessary to make it color.
The signal of the indicator must be considered only after closed bars. As for a time when a candlestick is not completed, its results may be changed.
As with other mt5 trend indicators, it is inclined to trigger false signals in the flat market.
There are many advantages of the Gann High Low Activator SSL Alert indicator, including the following usages:
- dynamic short-term support and resistance line;
- Signal for scalping in the breakthrough price of the indicator line;
- additional filtering of signals for your trading system.
The mt5 indicator is displayed directly on the main mt5 trading chart.
It fits all kinds of timeframes and currency pairs.
The default mt5 indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your preferences.
How does it work? How to apply in trading?
Trading Rules Explanation
Signals provided by the Gann High Low Activator SSL Alert mt5 forex Indicator are intuitive and will not cause difficulties. Follow the suggestions below.
Buy Entry: Open long trade when the Gann High Low Activator SSL Alert mt5 forex indicator signal line turns blue. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade when the Gann High Low Activator SSL Alert mt5 indicator line turns red. Place your stop loss a few pips below the last swing high.
Exit Trade / Take Profit: Close your open position when the opposite signal occurs, or use your preferred method of trade exit.
As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility, beyond major sessions, exotic currency pairs, wider spread, etc.
Example of USD/JPY M15 Chart
The screenshot below shows an example of the Gann High Low Activator SSL Alert mt5 Indicator.
How can the Gann High Low Activator SSL Alert mt5 indicator be set up in MT5?
Copy and paste the gann-high-low-activator-ssl-alert.mq5 or gann-high-low-activator-ssl-alert—ex5 indicator files into the MQL5 folder of the MetaTrader 5 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL5 > Indicators (paste here).
Now go to the left side of your MT5 terminal. In the Navigator, find the gauge name, right-click it, and select Attach to the chart.
The Gann High Low Activator SSL Alert mt5 forex indicator is worth adding to your forex trading collection but remembers to have realistic expectations. Like any other technical analysis tool, it cannot provide 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 trading system based on it.
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