Forex Education: MT4 Indicators -The Good -The Bad and the Ugly
There are scores of indicators available for those that use Metatrader platforms. I encourage my PHD Forex Method traders to become as indicator free as possible but not everyone that visits my site or blog uses the PHD Forex Method of course.
Those of you just browsing or taking an interest in trading and are looking for a Metatrader based indicator then ask me first. No obligation and no charge, just rather you used something that works and is decent and is free rather than fall in to the trap and think you have to pay other companies for them.
I have scores of them and over the years have sorted the awful from the useful.
Many of my clients never knew the importance of understanding at least the range of the market they were trading, how on earth can you even begin to trade if you don't know it's range! To help them understand and appreciate the importance of range knowledge I sourced two exceptional Metatrader based range indicators that virtually do the job for you.
I don't use and don't encourage my PHD clients to use trend lines { S/R should always be a flat precise level}but if you do then your trend lines should be drawn in the same manor each and every time. In my opinion the only way to do that is to automate them as most traders just keep moving the line to fit the trend and that can't be right! So again I sourced a trend line indicator suitable for MT4.
Hugely beneficial to any trader is the understanding of divergencies. Divergencies are leading information, not lagging, and anything that is leading is a huge huge bonus to a trader of any nature or time frame. My personal trading is nothing but leading information based and to help those that are a little unsure of divergencies I sourced a coule of decent divergence indicators for the Metatrader platform.
I could go on: Camarilla software - Big Round number indicator - Trend recognition software - Multi time frame analysis software and on and on and on, I have it all and it's free to anyone that asks. If you're looking for something to help you in your trading then fire an e-mail over to me at This e-mail address is being protected from spambots. You need JavaScript enabled to view it and I'll see if I can help out.
Little old me at my trading station. My method you can operate from a laptop if you wish, you don't need the elaborate set-up I have on show here lol. PHD client or not, if you want a chat about your trading then let me know. I like to chat and I like to be friendly with traders around the planet. All the best, Andy.
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