The ForexMT4Systems Cycle indicator, which will be discussed today, is intended for trading on small timeframes: M1, M5 and M15. That doesn’t mean it can’t be used on other TFs, though. It is possible, but it is necessary to keep in mind that in this case signals will be much less. There are no restrictions on currency pairs. The indicator has many parameters in the settings. They may need to be optimized. It is installed in MT4 in the usual way. The following picture will appear on the chart:ForexMT4Systems Cycle indicator on the chart

Major parameters in the ForexMT4Systems Cycle

settingsI’ll start with the most important variables.Price-Action-Filter filters
the signals, except for the wrong ones. As you can see from the parameter name, this is done with
with Price-Action. From the meaning of this
variable depends on the number of signals and their quality.Lenght is a period. It’s installed with the account of the used
Timeframe.Major-Cycle-Strength is a parameter,
responsible for the relative strength of the main cycle. It’s the value that determines
arrows.The next parameter is Use-Cycle-Filter. It allows you
activate signal filtering taking into account the relative strength of the main cycle.Use-Filter-SMA-or-RSI
– another filter. He’s working on the basis of SMA readings and
RSI.Filter-Strength-SMA and Filter-Strength-RSI – parameters,
allowing to set SMA and RSI.periodsWell, everything else that you will find in the settings, concerns the notification of signals and the design of icons and lines of the indicator.

ForexMT4Systems Cycle indicator signals

Indicator according to its algorithm
will make the necessary calculations and give recommendations on entering the market. His… his…
the signals can be of two kinds: strong and weak. On the price chart the first
are displayed as arrows, and the second as circles.Of course, it’s better to open trades on strong signals.Trader’s working order is as follows: if there is
circle, and then an arrow, you can enter the market at the opening of the next candle.The direction of the trade will depend on the color of the icons.
Traditionally, red is sales and blue is purchases.Based on this indicator, you can create a trade
the system. To do this, we need to think about the arrangement of stop-losses and decide what kind of stop-losses
conditions can be fixed profit.I want to warn you that you can start trading immediately by signals
this indicator on a real account is not allowed. Be sure to check his work for
Demo account.Willing to use this instrument in their trade, you can download the indicator file at the link below.ForexMT4Systems CycleDownloadFyodorov’s Inga11.10.2019