Braid Filter is an indicator that can be the basis of a trading system, or a useful addition to it. It can be used in trading by any currency pairs and at different time periods. Singals are read easily, so I can recommend Braid Filter even beginners trading. In MT4, this indicator for trading on Forex is set in a standard way. There should be no problems. The BRAID FILTER file must be added to the corresponding MT4 directory folder. After that, you can proceed to optimize settings.
. The parameters of the BRAID FILTER
indicator in the algorithm of this tool for analyzing the market situation are the testimony of three moving averages and ATRs. Here with their parameters and you can work. Ma-Period-1, Ma-Period-2 and Ma PERIOD-3 are designed to specify the periods of moving averages. The accuracy of the proposed signals to open the trading position will depend on the values of these variables. ATR-period is a period for an ATR indicator. and the last parameter that has an important value is MODE-MA. WITH Its help You can choose the type Ma. As you can see, the parameters in the settings are quite a bit.
Trade Rules
After installing the indicator on the price schedule of the selected currency pair in a separate window, a histogram will appear, the columns of which will change the color depending on the market situation. As soon as we see that the columns became green, open a purchase order. If the column was redesigned in red, then this is a signal to open an order for sale. . Stop loss can be placed several points below or above the local extremum. As for the Take Profit, you can use the standard option: TP 2 or 3 times exceeds SL size. Gray columns means that an uncertain situation is observed on the market. The indicator does not recommend making any trading actions. Color shift can also be used to close previously open transactions. Despite the good statistics that the trading indicator shows For Forex Braid Filter, I would not even recommend trading only by its signals. It is better to use it as an additional tool of the trading system. You can try different options on a demo account. Download The indicator file can be downloaded by this link: BRAID_FILTER 6.12.2021 Inga Fedorova Recording Indicator For Forex Braid Filter for the first time appeared forex-for-you.ru.