Automatic Head and Shoulders finder Trading Indicator uses only price action to identify trade opportunities in a Zig-Zag fashion, without repainting or back painting, and reacts to the market extremely fast. It implements alerts of all indicators. Also, it's alleged winning ratio is approximately 90%.
Timeframe: H1 and lower.
Currency Pair: any major pair
How to trade with Automatic Head and Shoulders finder?
This indicator can be used in any currency pairs and on any time frame, but preferably on H1 and lower. Moreover, it’s relatively easy to trade with Automatic Head and Shoulders finder Trading Indicator. After finding a possible entry point, the indicator displays either a blue arrow which is a bullish signal to buy, or a red arrow which is a bearish signal to sell.
In addition, you can see statistics of winning and losing trades, average signal profitability, and spread on the top left corner of your chart.
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How to download and install an indicator?
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on “Download Indicator” button located at the top right corner of the screen.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select “Automatic Head and Shoulders finder” template to apply it on the chart.
Note: Automatic Head and Shoulders finder was developed by CompassFX and was sent by an AtoZMarkets follower from Romania. AtoZMarkets does not carry any copyrights over this trading tool.
Should you trade with Head and Shoulders MT4 Indicator on your own at all?
Before you start trading Head and Shoulders MT4 Indicator, you'll want to read this.
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