Presenting the MT4
Stochastic Cross Alert
Indicator
MT4 Stochastic Cross Alert Indicator is a viral indicator, based on a popular technical indicator of the family of oscillators, widely used in trading strategies and its trading signals are shown straight on the main trading chart in the form of up or down arrows. The oscillators outline when the market is overbought or oversold.
This indicator fits all types of timeframes and currency pairs, but for binary options, you should focus on M1-H1 timeframes.
It’s pretty easy to use this indicator: open long trade after the green upward arrow appears (long option) or open short trade after the red downward arrow appears (short option).
The default indicator settings can be changed straight from the input tab. Don’t hesitate to test the settings and parameters to your own preferences.
Mechanism of the MT4
Stochastic Cross Alert
Indicator
The Stochastic Cross Alert Indicator does all the required calculations in the backstage and gives the signals by plotting upward/downward arrows around the price bars.
For a buy trade, it draws a green buy arrow on the chart when the indicator lines cross below the 20 oversold levels.
Similarly, a sell trade is triggered when a red sell arrow appears on the chart and the lines cross above 80 overbought levels.
Due to the oscillator kind of indicator, it works better during sidelong markets and executes unwell during strong trends.
MT4 Stochastic Cross Alert
Indicator
Example Of GBPAUD M5
Chart
The below print screen shows Stochastic Cross Alert Indicator in action.
As you can see in the example above, the MT4 Stochastic Cross Alert Indicator offers very accurate signals. According to the name of this MT4 forex indicator, when the market conditions are favorable, you can make massive profits using this instrument.
- If you don’t have a trading broker which offers a demo account in order to be able to test the Stochastic Cross Alert Indicator I recommend IC Markets Broker. You can open a demo account with IC Markets Broker here:
- If you don’t have a Binary Options broker which offers a demo account in order to be able to test the Stochastic Cross Alert Indicator strategy I recommend Quotex Broker. You can open a demo account with Binary Options Quoetx Broker here:
MT4 Stochastic Cross Alert
IndicatorTrading Rules
Clarification
Trading signals provided by the Stochastic Cross Alert Indicator are truly intuitive and will not cause you problems. Simply track the recommendations below.
Long Entry:
Enter long trade when the Stochastic Cross Alert Indicator shows an upward green arrow. You can furthermore confirm the position, with bullish candlestick patterns and price action. Set your stop-loss a few pips below the last swing low.
Also, check when the indicator lines cross below the 20 oversold levels. This is the best moment to place a long trade. (you can ignore the other signals between overbought and oversold line levels).
Short Entry:
Enter short trade when the Stochastic Cross Alert Indicator shows a red downward arrow. You can furthermore confirm that, with bearish candlestick patterns and price action. Set your stop-loss a few pips above the last swing high.
Also, check when the lines cross above 80 overbought levels. This is the best moment to place a short trade. (you can ignore the other signals between overbought and oversold line levels).
Exit Trade/Take Profit:
Close your open trade when the reverse signal arises, or use your own favorite method of trade exit.
As you may know, to achieve the best results in trading, remember about the right money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is vital to know when to trade and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, and so on.
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MT4 Stochastic Cross Alert
Indicator Installation Guide
Copy and paste the Stochastic Cross Alert Indicator.mq4 or Stochastic Cross Alert Indicator EX4 indicator files into the MQL4 folder of the Meta Trader 4 trading platform.
You can get access your MT4 MQL4 folder by clicking the left top MT4 menu options, as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
On the left side of your MT4 terminal, in the Navigator find the indicator name, right-click it and select Attach to the chart, or just drag and drop it to the chart.
MT4 Stochastic Cross Alert
Indicator Final Thoughts
Just like any other technical analysis tool, the Stochastic Cross Alert Indicator is not capable of providing accurate signals 100% of the time. Thus, this forex/options indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions.
Feel free to develop your own trading system around it.
Email me at crissbrag@gmail.com if you need the MQL4 source file of the Stochastic Cross Alert Indicator
