When creating complex forex indicators and optimization of their parameters, a trader can create it own strategy or forex trading system that will generate it for forex signals for opening or closing transactions. But of course do not forget that any forex trading strategy should be created on testirovatpredvaritelno stories!
Below I give you some examples of trading systems that operate on the basis of established complex forex indicators:
Forex Strategy OZFX Squeeze
Forex Strategy "Update method of Fozzy"
Forex Strategy Natuseko Protrader H4
And now let's look at the process of creating these most complicated forex indicators in the trading terminal MetaTrader 4:
As a basis we take 2 simple MT4 indicator:
Moving Average
RSI
As a result, we get an indicator: Moving Average of RSI data.
1. Run the MT4 terminal
2. In the "Navigator" window of the trading platform MetaTrader or in paragraph 4: "Insert / Indicators / Oscillators" select forex RSI indicator and run it, eventually it will appear in the indicator window - below the graph.
3. Next, go back through the window "Navigator" and select and select "Indicators", and we find it necessary to 2nd indicator forex called "Moving Average"
4. After that select Moving Average, hold it with the left mouse button and just over tighten the window already installed RSI indicator
Example, see figure below (with another one of my forex site):
5. At the same time, a window with settings set by forex indicator - Moving Average:
6. Select the "Apply to", and in it - Previous Indicator's Data
6. After that, click "OK"
All as a result, there is, we have created "complex Forex Indicator for Metatrader 4" in the indicators window: RSI Oscillator overlapping moving average Moving Average.
All you need to do further: this is an experimental way to choose for themselves the necessary parameters of complex forex indicator.
I hope this tutorial on forex Metatrader 4 has been helpful to you, especially if you prefer the indicator forex strategy!
