Extreme Cauchy Derivative Forex MT4 Indicator
The Extreme Cauchy Derivative Forex indicator identifies extreme price levels on the chart.
It’s an excellent indicator for finding low risk entry points in existing trends.
In up trending markets, you’d look for extremely oversold Cauchy Derivative levels.
Likewise, in down trending markets, you’d look for extremely overbought Cauchy Derivative levels.
- Finds good entry points in trending currency markets.
- Low risk trade entries in both up and down markets.
- Good ROI possible.
- Use in agreement with a trending indicator for maximum performance.
Learn below how to open buy and sell trades with the Extreme Cauchy Derivative MT4 indicator.
Indicator Example Chart
Here’s an example (USD/CHF H1 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The Extreme Cauchy Derivative MT4 indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Initiate a buy order when the Extreme Cauchy Derivative reaches an extreme oversold level and the underlying trend is up.
Set stop loss 3 pips below short-term support, or use your own favorite SL method.
Close the buy trade for a reward/risk ratio of 2.0 or better, or deploy your own favorite take profit method.
Sell Trigger: Initiate a sell order when the Extreme Cauchy Derivative reaches an extreme overbought level and the underlying trend is down.
Set stop loss 3 pips above short-term resistance, or use your own favorite SL method.
Close the sell trade for a reward/risk ratio of 2.0 or better, or deploy your own favorite take profit method.
Download This Forex Indicator
Adjustable Parameters & Settings
Period, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
The indicator can’t be deployed as a standalone Forex system or trading strategy.
Use in agreement with trend indicators (moving averages, Bollinger Bands, ADMI..) or price action strategies.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: extreme levels
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.