The Asymmetry MT4 Forex sniper trade entry oscillator provides great buy and sell trade entries in trending currency markets.
It identifies and displays overbought and oversold market area’s and this provides the actual entry signal.
- In an uptrending market, wait for the Asymmetry Forex oscillator to reach the oversold area and then execute a low risk buy trade.
- Similarly, in a downtrending market, wait for the Asymmetry Forex oscillator to reach the overbought area and then execute a low risk sell trade.
Naturally, use the Asymmetry Forex oscillator in conjunction with trend trading indicators to define the overall trend.
Trade the oversold Asymmetry Forex oscillator signals when the overall market trend is up and the overbought signals when the trend is down.
Deploy the indicator for scalping, day trading and swing trading.
Feel free to play with the Asymmetry Forex oscillator’s period to create different entry signals.
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Asymmetry Forex Sniper Trade Entry Oscillator 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 The Asymmetry Forex Sniper Trade Entry Oscillator Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Buy the currency pair when the Asymmetry MT4 oscillator indicator reaches the oversold area and the overall trend is upward.
Place initial stop loss 2-3 pips below support, or use your own stop loss placement method.
Close the buy trade for a reward/risk ratio of 1.5 or better.
Alternatively, take profit at predetermined profit target, for example 20 pips on the M1 scalping chart.
Sell Trigger: Sell the currency pair when the Asymmetry MT4 oscillator indicator reaches the overbought area and the overall trend is downward.
Place initial stop loss 2-3 pips above resistance, or use your own stop loss placement method.
Close the sell trade for a reward/risk ratio of 1.5 or better.
Alternatively, take profit at predetermined profit target, for example 40 pips on the M15 day trading chart.
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As period, colors, width, style.
The indicator can’t be used as a stand-alone signals indicator.
- 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: oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.