AFL Winner is a great buy/sell trading oscillator designed for the MT4 platform that works for any pair and time frame.
The indicator works for scalping, day trading and swing trading.
It uses two colors for the easy of use, green and red.
Its values oscillate between 0 and 105.
The value 0 is considered oversold while the value 105 overbought.
Use the AFL Winner indicator to trade pullbacks and rallies in trending markets.
How it works
First, define the trend with a trend-following indicator such as the 200 simple moving average or Bollinger Bands.
- When the overall trend is up, trade the AFL Winner oversold signals and ignore the overbought signals.
- When the overall trend is down, trade the AFL Winner overbought signals and ignore the oversold signals.
Feel free to experiment with the indicator AFL Winner input parameters values (period, average).
Download This MT4 Forex Indicator Free
Download the “afl-winner-indicator.ex4” Metatrader 4 indicator
AFL Winner Forex Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With AFL Winner Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Buy the desired currency pair when the AFL Winner MT4 indicator reaches the oversold 0 level and then paints its first green bar (bullish). The overall trend must be upward.
Place a stop loss below support, or use your own stop loss strategy.
Take profit at reward/risk 1.5:1 ratio or use you own take profit strategy.
Sell Trigger: Sell the desired currency pair when the AFL Winner MT4 indicator reaches the overbought 105 level and then paints its first red bar (bearish). The overall trend must be downward.
Place a stop loss above resistance, or use your own stop loss strategy.
Take profit at reward/risk 1.5:1 ratio or use you own take profit strategy.
Download This Forex Indicator Now
Download the “afl-winner-indicator.ex4” MT4 indicator
Adjustable Parameters
Period, average, colors, width, style.
Usage
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: buy/sell oscillator
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
