Dragon Fire trend trading system is based on PLT indicator and is filtered by I-gentor LSMA to identify an ongoing trend and determine optimum trade setups. The template used for Dragon Fire system is clear in order not to over cramp your chart and leave confusion. Download Dragon Fire trend trading system for free and test it out yourself.
How to trade with Dragon Fire trend system
The timeframe used with Dragon fire MT4 system should be M30 and higher. Any Forex G10 currency pair will work and you can also test it on Gold or Crude Oil.
Note that PLT indicator (period 3, 7) can be used in multiple timeframe. For instance, If you trade on M30 timeframe the PLT indicator could be calculated from H1.
Conditions to Buy: In order to long an instrument, the PLT indicator will display a Green Dot signal which you’ll need to confirm with I-Gentor LSMA & EMA blue and green lines.
Conditions to Sell: In order to short an instrument, the PLT indicator will display a Red Dot signal which you’ll need to confirm with I-Gentor LSMA & EMA yellow and red lines.
Conditions to Close a position: Taken position should be closed when the opposite Dot signal is displayed. Alternatively, an order could be closed with a predetermined Take profit of 1:1-1.5 stop loss ratio. A stop loss should be placed above/below red line of PLT Indicator plus spread.
Download Dragon Fire trend trading system
You can download Forex Dragon Fire trend trading system for free by clicking the “Download” button located at the bottom of the screen.
Create your own custom EA or indicator
If you would like to create your own custom indicator or an EA, please contact AtoZ team saying “I want to create my own EA/indicator,” and describing your desired tool. Also, don’t miss out on various other indicators and EAs you can find in our database here.
How do you install an indicator on MT4?
In order to install this indicator on your MT4, you need to:
1. Click on the “Download” button above to download Dragon Fire system;
2. Save the file to your computer;
3. Extract and move the files into;
4. Restart your Metatrader platform;
5. Click the “Templates” button in Metatrader toolbar;
6. Select “Dragon Fire” and apply to your chart;
Note: Dragon Fire trend system was developed by Natana and sent by an AtoZ Markets follower from Ukraine Daniel. AtoZ Markets does not carry any copyrights over this trading tool.