The DSS Bressert Forex indicator for Metatrader 4 is developed to capture high probability trends at their early stages.
The indicator is composed of an Exponential Moving Average and the Stochastic indicator.
The indicator appears in a sub-trading window underneath the main MT4 activity chart in the form of a colored signals oscillator.
The DSS Bressert Forex indicator uses the 0 (oversold) and 100 (overbought) extreme values.
For scalping purposes, the most profitable trades with this indicator occur during the London and New York trading sessions.
For day trading and swing trading, apply the indicator across all trading sessions.
It’s advised to trade in the direction of the dominant trend. Avoid counter-trend trades.
Just load the DSS Bressert Forex indicator onto the Metatrader 4 chart and start trading with it in minutes.
- Powerful trend-following trading oscillator.
- Works on any currency pair without exception.
- 100% No repaint signals.
- Works for scalpers, day traders and swing traders alike.
Feel free to explore the DSS Bressert Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (GBP/USD H4 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The DSS Bressert MT4 Forex Indicator
Buy Signal: Open a buy trade when the first blue dot appears on the chart, and the DSS Bressert MT4 indicator is in oversold territory (near the 0 level).
Set your stop loss below short-term support, or use your own favorite stop loss method.
Close the buy trade for a reward/risk ratio of 2.0 or better, or use your own favorite take profit method.
Alternatively, close the buy trade for a pre-determined profit target, for example, 20 pips on the 5-minute chart.
Sell Signal: Open a sell trade when the first red dot appears on the chart, and the DSS Bressert MT4 indicator is in overbought territory (near the 100 level).
Set your stop loss above short-term resistance, or use your own favorite stop loss method.
Close the sell trade for a reward/risk ratio of 2.0 or better, or use your own favorite take profit method.
Alternatively, exit the sell trade for a pre-determined profit target, for example, 40 pips on the 30-minute chart.
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EMA period, Stochastic period, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.