The Ergodic Buy/Sell Forex Profit Oscillator for Metatrader 4 works on a hidden trend trading strategy that delivers promising results.
From our testings, the win rate exceeded 75%. That’s really good!
The Ergodic Profit Oscillator oscillates above and below the zero level.
It appears in a separate MT4 window in the form of a histogram, filled will red colored trend bars.
For scalping purposes, use it as a standalone trading tool.
For swing and day trading, combine it with additional technical indicators or with price action strategies.
Just load the Ergodic Buy/Sell Forex Profit Oscillator indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A bullish trend occurs when the trend bars are positioned above the zero level.
- A bearish trend occurs when the trend bars are positioned below the zero level.
- Works great for scalping the markets during the London and US trading sessions.
- Combine with other tools for day trading and swing trading for better performance.
Feel free to explore the Ergodic Buy/Sell Forex Profit Oscillator indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Indicator Example Chart (CAD/CHF H1 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 Ergodic Buy/Sell Forex Profit Oscillator MT4 Indicator
Buy Signal: Go long whenever the first red Ergodic trend bar closes above the 0.00 level from below. This is the buy entry point.
Set your stop loss 3 pips below the previous swing low price level, or use your own favorite stop loss method.
Exit the buy position when an opposite Ergodic signal appears on the chart, or use your own favorite take profit method.
Alternatively, close the buy trade for a reward/risk ratio of 1.5 or better.
Sell Signal: Go short whenever the first red Ergodic trend bar closes below the 0.00 level from above. This is the sell entry point.
Set your stop loss 3 pips above the previous swing high price level, or use your own favorite stop loss method.
Exit the sell position when an opposite Ergodic signal appears on the chart, or use your own favorite take profit method.
Alternatively, close the sell trade for a reward/risk ratio of 1.5 or better.
Download This Forex Indicator Now
R, S, U, smooth, 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: oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.