Stoc 2B Indicator for Meta Trader 4 Charting Platform



Table Of Contents:

  1. Stoc 2B Indicator for Meta Trader 4 Charting Platform
  2. Some of the Major Advantages and Disadvantages of using the Stoc 2B Indicator for Meta Trader 4 Charting Platform

The Stoc 2B Indicator for Meta Trader 4 Charting Platform is an indicator that was built based on the Meta Trader 4 charting and trading platform. The Stoc 2B Indicator for Meta Trader 4 Charting Platform is built using the price on the trader's current timeframe charts and 3 different Stochastic indicators combined together which are all also used on the Meta Trader 4 charting terminal as well.

Traders who are the most likely to benefit from using the Stoc 2B Indicator for Meta Trader 4 Charting Platform are those traders who use the charting platform for all of their charting of the different chart timeframes that make up the currency pairs and the trading assets that the trader has chosen to work with during the trading day.

Also, it is very possible for the traders who use the charting platform for all of their technical analysis on the currency pairs and trading assets that they monitor during the trading day and for actively making trading decisions during the trading day to benefit from using the Stoc 2B Indicator for Meta Trader 4 Charting Platform. There are a lot of trading insights and advantages that the trader using the Stoc 2B Indicator for Meta Trader 4 Charting Platform can easily derive from using the indicator and some of these trading advantages and insights are outlined and discussed in clear details below as follows.  

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Some of the Major Advantages and Disadvantages of using the Stoc 2B Indicator for Meta Trader 4 Charting Platform

One of the first major advantages of using the Stoc 2B Indicator for Meta Trader 4 Charting Platform to the trader worthy of mention is that the indicator can easily be used by any trader to identify the current direction of any currency pair or trading asset that the trader has attached the indicator to during the trading day.

This means that the trader that has the Stoc 2B Indicator for Meta Trader 4 Charting Platform attached to his or her trading charts would be able to spot where a particular currency pair or trading asset is currently headed during the trading day. The ability of a trader to be able to identify where the price is headed during the trading day is very important to the trader for a lot of reasons during the trading day.

One of the reasons why this is very important to the trader is because it can easily help him or her with the alignment of his or her trades during the trading day. This means that the trader who uses the Stoc 2B Indicator for Meta Trader 4 Charting Platform would be able to know exactly whether to be buying or to be selling during the trading day as a result of the insights that he or she would be able to derive from the indicator during the trading day.

This would then help the trader to be able to avoid huge losses that can easily occur when a trader has trades that are against the general direction that a trend is moving to in the markets. The price in any currency pair or trading asset market usually moves in trends that can be upwards or downwards. Since the market is fractal in nature, these price trends also have other smaller trends in them that are either moving in the direction of the trend or against the direction of the trend.

When the smaller trend or wave is moving against the direction of the main trend, it is called a retracement wave whereas when it is moving in the direction of the trend, it is called a trend-following wave. The retracement waves are usually also called profit-taking waves since they provide an opportunity for the traders who were a part of the previous waves in the trend to take off a part or all of their trading profits in the market on that particular currency pair or trading asset.

An observant trader would easily notice that the waves that are in the same direction as the trend is always or mostly longer in terms of pip size and distance covered than those waves that are against the direction of the trend. Hence, he or she would know that if they were to take trades that are against the direction of the trend, they would easily run into huge losses since they would easily have the price move largely against them.

On the other hand, if such traders had placed such trades in the direction of the trend, they would easily have their trades in a lot of profits especially when the market trends as the market would easily move their trading positions into a lot of profits depending on their trade size simply because their trades are aligned in the direction of the markets during the trading day. This way, the trader would be able to achieve very good trading results. Usually, the Stoc 2B Indicator for Meta Trader 4 Charting Platform has 3 different stochastic indicators that it works with, in other to give the trader signals during the trading day.

The first Stochastic indicator is used to mirror the moves or the price direction on the daily timeframe of the trading asset or currency pair that the trader has attached the indicator to. The second indicator is used to mirror the trend direction of the H1 or the H4 timeframes so that the trader can easily look at them and identify exactly what the direction on these timeframes are at that particular moment.

The fastest stochastic indicator uses its signal line to mirror the trend direction on the exact timeframe charts of the currency pair or trading asset that the trader has attached the Stoc 2B Indicator for Meta Trader 4 Charting Platform to during the trading day. This can then easily help the trader to frame his or her trades in such a way that he only enters trades when all of the timeframes on the different currency timeframes are in the same direction.  

 

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