ZigZag Pointer Indicator For MT4

ZigZag Pointer Indicator For MT4 introduction:

The ZigZag Pointer Indicator For MT4 is a similar copy of the ASCTrend indicator, and it works the best by the highs and lows system.

As we have in the first chore picture we are sharing for the indicator here, it looks like buy and sell trading signs on the highs and lows, for the short term, or it depends on the time frame you are using, as we are using the hourly time frame here, it is for short term signs, you can rise the time frame if you wish.

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We will give you the ability to know everything about the ZigZag Pointer Indicator For MT4 in this article that no one did something like for especially for that indicator ever.

Everything About ZigZag Pointer Indicator For MT4

ZigZag Pointer Indicator For MT4 similar indicators and differences:

The ASCTrend indicator and ZigZag Pointer Indicator For MT4 are identical to each other.

Thus we will explain to you in a great natural way to understand the specifications.

The ZigZag Pointer Indicator For MT4 depends on the highs and lows mainly, but that doesn't mean that you can't use the other one features.

So, let us continue reading to discover the best way to trade by the ZigZag Pointer Indicator For MT4 and benefit from the ASCTrend trading features in your trading.

ZigZag Pointer Indicator For MT4 code:

You will be able to download the indicator and the whole system of it by submitting your email in the form we developed for you above, once you enter your email, you will receive the ZigZag Pointer Indicator For MT4 and the code text of it on your email instantly.

ZigZag Pointer Indicator For MT4 parameters:

While seeing the settings here in this screenshot, you can see that there are three options with three different values 12, five, three you have the power to edit these parameters if you wish.

ZigZag Pointer Indicator For MT4 general tips, and trading:

Here are the general tips for executing while trading using the ZigZag Pointer Indicator For MT4 or ASCTrend.

First of all, your stop loss should be not less than 30 points and preferred to set it to 30 points as maximum; that means you need to trade on pairs that don't move crazy or fast, otherwise use a more significant stop loss level.

Entering your trades is when the EMA five cross the EMA ten to be above it, and when seeing the RSI above the 50, and that the indicator is trying to go up, through the signs it shows to you as green arrows.

ZigZag Pointer Indicator For MT4 with a trading strategy:

In this screenshot, you can see that we have not depended wholly on the indicator sign, which is buying trade based on the green arrow it did down below.

Still, also we confirmed that trade by some general technical trading style by finding the support area, then we have a range of 50 points as take profit but a virtual one, as it might gain more, with a stop loss of 30 points starting from the area end down.

ZigZag Pointer Indicator For MT4 Disclaimer:

Do not ever use this indicator alone to specify your trades, but you can be able to use it to try to confirm your trades or deny them, as you see this area we accepted the ZigZag Pointer Indicator For MT4 because it also did a green sign before on the same price and succeeded and that we found support area here.

ZigZag Pointer Indicator For MT4 pros and cons:

The disadvantages that it doesn't show you the trade reason in a direct way, the pros that it will develop your usual trading strategy as you will keep drawing it every time to validate or deny the indicator trades.

About Me

I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

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