RIS Solar System Indicator For MT4

RIS Solar System Indicator For MT4

Table Of Contents:

  1. RIS Solar System Indicator For MT4
  2. Trading ideas with the RIS Solar System Indicator For MT4
  3. Understanding the RIS Solar System Indicator For MT4
  4. RIS Solar System Indicator For MT4 - Buy Entries
  5. RIS Solar System Indicator For MT4 - Sell Entries
  6. RIS Solar System Indicator For MT4 - Conclusion

The RIS Solar System Indicator For MT4 is an indicator that makes lucrative use of the philosophy that simplicity is the ultimate form of sophistication. This simple indicator is a great indicator which does not have complicated metrics in it because it gives the trader clear information and instructions for any given trading opportunity it brings to traders' attention. For instance, when there is a red arrow pointing down it signals a sell signal however courtesy of a resistance and support computation it is also able to suggest where you should set your profit target: I mean there is no need to adhere to this indicator blindly however it does give you an actual trading and money management directive for your trades, and that is what makes this indicator great!

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Trading ideas with the RIS Solar System Indicator For MT4




The indicator has two settings the Robo settings and the indicator settings. The Robo settings are by default set to false and you will have to activate it when you load the indicator onto the chart. In the above screenshot, the indicator has just been loaded and it is not activated as visible on the top left corner where there is a ‘Not Activated’ text.

To activate the indicator, right-click, go to indicator list and choose RIS SolarSystem and click on the inputs tab. You can see that the ‘Enable Robo’ is set to false by default.



To activate the Robo, simply select true on the ‘Enable Robo’ settings. And the text at the top left corner should change to ‘Activated’ as shown in the screenshot below.



The Robo allows the indicator to do the simulations of the amount of profit you would have made if you entered a trade at the point at which a signal was given.


Understanding the RIS Solar System Indicator For MT4


The RIS Solar System Indicator For MT4 helps you identify the market trend and shows you when a trend starts and stops.

It shows the start of a trend by plotting an arrow and the end of a trend by plotting a tick. It plots a red downward arrow to show the start of a bearish trend and an Aqua upward arrow to show the start of a bullish trend. In both cases, the indicator plots a black tick when the trend changes.

Therefore, if a black tick is plotted after an Aqua arrow, it shows that the bullish trend has ended and a bearish trend is about to start. The black tick is mostly followed by an opposite arrow, which in this case would be red.

However, if the previous trend continues after a tick has been plotted, the indicator moves the magenta dotted line to the new entry-level without generating a new arrow for the signal as shown in the screenshot below.



The indicator also plots a dotted magenta line at the point where it plotted the arrow to market the entry point. This helps you to determine whether you are too late or not for trade. Besides the dotted line, the indicator also indicates the Price at which a signal was given. In the case of a buy signal (Aqua arrow), the indicator will indicate ‘Buy Price @’ and in case of a sell signal (Red arrow) it will indicate ‘Sell Price @’.

The large two decimal digits that are displayed at the top right corner represent the rounded off value of the current market price of the instrument on the chart. When the vale if green, it shows the value has increased from the previous value and when it is red, it shows that the value has reduced.

The other most important thing to keep an eye on is status. The value of status varies between ‘NEW’ and ‘TGT’. The vale is ‘NEW’ when the target has not yet been reached. And once the target has been reached the value turns to ‘TGT’ showing that the market prices have moved past the anticipated level.


RIS Solar System Indicator For MT4 - Buy Entries


To place a buy order using the RIS Solar System Indicator For MT4 you should wait until an Aqua arrow is plotted.

And in case you were late, you should take time to determine whether it is still worth placing the order or it is too late. However, in any case, you may still place your buy order as long a black tick has not been formed or if any has been formed the dotted line has shifted upwards without the formation of an opposite arrow.


RIS Solar System Indicator For MT4 - Sell Entries


To place a sell order using the RIS Solar System Indicator For MT4 you should wait until a red arrow is plotted.

And in case you were late, you should take time to determine whether it is still worth placing the order or it is too late. However, in any case, you may still place your sell order as long a black tick has not been formed or if any has been formed the dotted line has shifted upwards without the formation of an opposite arrow.


RIS Solar System Indicator For MT4 - Conclusion


It is very simple to trade using the RIS Solar System Indicator For MT4. Even without understanding much of the information displayed on the top right corner, you can just depend on the arrows and ticks to open and close your order.

The indicator is known to be very accurate and if followed precisely could result in good profits. The black ticks in particular help you get out of the market early enough before your profits start being eroded.

Although the arrows and ticks act as good entry and exit strategies, it is important to also use stop loss and take profit levels in case of unplanned events like market news which can result in huge losses if your trade is against them.

 

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