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Automatic MT4 supply and demand indicator

Quyen Nong | Apr. 30, 2019
Automatic MT4 supply and demand indicator

You can now download the Automatic MT4 supply and demand indicator for free on AtoZ Markets indicators gallery. Supply and Demand is a basic economic term, which denotes availability of sellers willing to sell and buyers willing to buy. Having said that, supply and demand are important factors of price movement. In fact, both supply and demand are regulating factors for the price, and at the same time price regulates supply and demand.

Given that trading is all about price movement, the concepts of supply and demand should be incorporated in forex trading. 

This indicator can be used in any timeframe, however, it is recommended to use it for H1 and above timeframes. Moreover, you can trade any currency pair which was made available to you by your FX broker

How to trade with Kiss Forex Trading Strategy?

Buy Setup - Entries, Exits, and SL

To simplify this strategy, we will be using a Supply and Demand indicator, which conveniently plots these probable supply and demand areas.

Buy Entry: To enter a buy setup, we must observe price as it touches the nearest fresh demand area drawn as a blue rectangle by the indicator. As soon as price touches the area, the next candle should bounce off the blue rectangle, indicating that price will rally back up.

Stop Loss: The stop loss should be just a few pips below the blue rectangle.

TP1: The take profit for the first half of the position should be the 50% line in between the demand area (blue rectangle) and the nearest supply area (red rectangle).

TP2: The take profit for the remaining half of the position should be the 80% line between the demand area (blue rectangle) and the nearest supply area (red rectangle).

Trailing Stop: As soon as the first take profit target is hit, the stop loss should be trailed to breakeven plus a few pips.

Sell Setup - Entries, Exits, and SLs

Sell Entry: To enter a buy setup, we must observe price as it touches the nearest fresh supply area drawn as a red rectangle by the indicator. As soon as price touches the area, the next candle should bounce off the red rectangle, indicating that price will drop down.

Stop Loss: The stop loss should be just a few pips above the red rectangle.

TP1: The take profit for the first half of the position should be the 50% line in between the supply area (red rectangle) and the nearest demand area (blue rectangle).

TP2: The take profit for the remaining half of the position should be the 80% line between the supply area (red rectangle) and the nearest demand area (blue rectangle).

Trailing Stop: As soon as the first take profit target is hit, the stop loss should be trailed to breakeven plus a few pips.

How to download and install an indicator?

In order to install the indicator on your MT4 platform, you need to follow these steps:

  1. Click on “Download Indicator” button located at the top right corner of the screen.
  2. Save the file to your computer.
  3. Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
  4. Restart your Metatrader platform.
  5. Navigate to “Indicators.”
  6. And select “Automatic MT4 supply and demand indicator” template to apply it on the chart.

Note: This indicator was developed by Tim Morris. AtoZ Markets does not carry any copyrights over this trading tool.

This indicator was updated on 30th April 2019

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.