This Professional Indicator is a Metatrader 4 Indicator designed to decrypt the Forex market’s complexities, offering traders a chance to shadow the moves of market makers, a tactic often seen as a pathway to profitability.
The essence of the Milliontrader Supreme Indicator lies in its ability to read and interpret market movements. It seeks to track the colossal shifts orchestrated by market makers, thereby allowing traders to synchronize their actions with the major players in the market. The mantra is straightforward: trade with the market’s flow, not against it. This means buying when the whales buy and selling when they sell.
A standout feature of this indicator is its reliability and stability. Once a trading bar closes, the signals generated by the indicator – the arrows indicating buy or sell – are set in stone. They do not repaint, back-paint, or vanish, instilling confidence in traders about their decision-making.
The Forex market is notorious for its noise, which often leads to confusion and misinterpretation of market trends. This Professional Indicator addresses this issue head-on by incorporating several filters designed to reduce this noise, ensuring that traders receive clean and profitable signals.
This Metatrader 4 Indicator can give you trading signals you can take as they are or add your additional chart analysis to filter them further, which is recommended. While traders of all experience levels can use this system, practicing trading on an MT4 demo account can be beneficial until you become consistent and confident enough to go live.
Main Chart of the Professional Indicator
You can set the Professional Indicator to send you a signal alert. This is helpful as it means you do not need to stare at the charts all day, waiting for signals to appear, and you can monitor multiple charts simultaneously.
This Metatrader 4 Indicator can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minute through to the 1-month charts.
Usage Guidelines for this Metatrader 4 Indicator
Utilizing the Metatrader 4 Indicator is remarkably simple. Traders are guided by the color-coded arrows displayed on the chart: blue arrows prompt a buy action, while orange arrows suggest a sell. However, the indicator encourages a layered approach to decision-making. Traders are advised first to filter these signals through higher time frames, ensuring alignment with broader market trends.
The indicator integrates seamlessly with the actual trading chart, allowing traders to use additional indicators with the Professional Indicator. This compatibility encourages traders to draw their trend lines, support and resistance levels and craft a personalized trading system that resonates with their trading style.
A proven strategy with this indicator involves trading in the direction of the trend observed in higher time frames. For instance, if there’s a sell signal on the Weekly chart, a trader would wait for a corresponding sell signal on the 4-hour chart before executing the trade. This layered approach, often called nesting trades within the overarching market trend, significantly enhances the success rates, mainly when employed in the 4H time frame.
This Metatrader 4 Indicator is focused on following the market’s giants and provides traders with a unique vantage point, ensuring that their trades are in harmony with the market’s pulse. With its non-repainting signals, market noise filtration, and user-friendly interface, the Professional Indicator is poised to be an indispensable asset for savvy Forex traders.