The Cronex T Demarker GFC Color Indicator For MT4



Table Of Contents:

  1. The Cronex T Demarker GFC Color Indicator For MT4
  2. The DeMarker indicator
  3. Comparison of the DeMarker and The Cronex T Demarker GFC Color Indicator For MT4
  4. Trade examples with The Cronex T Demarker GFC Color Indicator For MT4

The Cronex T Demarker GFC Color Indicator For MT4 is a very useful indicator that can help every trader to bring his trading to the next level.  The indicator can be used for both counter trend trading and trend following. It is based on the DeMarker indicator that is included in Metatrader4 but provides some improvements to the standard indicator and thus is even better.

 

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In this article you will first learn briefly about the functionality of the DeMarker indicator. Following that I will explain you the different improvements that The Cronex T Demarker GFC Color Indicator For MT4 has over the standard version. At the end I will show you a few different trade ideas and examples using this indicator.  

The DeMarker indicator

The DeMarker indicator is relatively unknown to trading beginners but enjoys huge support from the more experienced traders. The indicator measures the strength of a trend and thus can give you a warning when a change in the trend direction might occur. This can not only help you to find new trade entries but also prevent you from entering into losing trades or letting your open trades run and ultimately result in a loss.

The line of the indicator is calculated as follows: First the indicator finds the minimal and the maximal value of the specified period. Afterwards those values are used to calculate the moving average of these values which then is displayed in the chart. Just like most oscillators the DeMarker indicator uses oversold and overbought zones at 0.3 and 0.7 to define good entry opportunities.  

 

Comparison of the DeMarker and The Cronex T Demarker GFC Color Indicator For MT4

You can see on first sight that The Cronex T Demarker GFC Color Indicator For MT4 is quite different from the standard version of the DeMarker indicator. The first additional feature that it provides is a very easy to read histogram. This makes it a lot easier to spot divergences, which are a strong sign of a trend reversal. Using divergences in your trading can help you to become a better trader on its own but The Cronex T Demarker GFC Color Indicator For MT4 has more to offer.

Additionally The Cronex T Demarker GFC Color Indicator For MT4 uses a smoother DeMarker line than the standard version. This makes the indicator easier to read and be less influenced by sudden price spikes.  

The Cronex T Demarker GFC Color Indicator For MT4 also has a moving average added to it. This moving average is mostly used to identify trade entries. A crossing of the moving average by the DeMarker line from the top to the bottom is a signal for a sell trade and vice versa a crossing to the top is a signal for a buy trade. The indicator shows those crossings very well with a red “x” for sell entries and a blue “x” for buy entries.

Use the histogram to define a change in the market direction. This could either be at the end of a reversal or the end of the previous trend. With the knowledge of an incoming change of the market direction in mind, you can now use the crossing of the DeMarker line and the moving average as an entry signal.

 

Trade examples with The Cronex T Demarker GFC Color Indicator For MT4

In the above picture you can see some trade examples with The Cronex T Demarker GFC Color Indicator For MT4. As you can see the combination of the different features of the indicator can be powerful.

The histogram is first used to find the forming of a new divergence. Once you spotted a new divergence, you can now use the crossing of the two lines as an entry signal. The target you use for your trades depends on your trading personality and style. The smaller the target the higher the win percentage will be but your winners are smaller than if you use larger targets. There are a few different methods you can use for the determination of your target. You could for example let your trades run until a divergence or signal in the opposite direction occurs, target the next support & resistance level or use a fixed pip target. 

 

Please note that you should always use a demo account when you learn to use a new trading tool. This will help you to avoid financial losses during the learning curve which comes with every new trading tool. On a real money account we suggest a conservative money/risk management where you should not risk more than 1% of your trading capital for each trade.

 

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