Description

Forex Indicator Trading Mt4 System Strategy Trend High Profitable Best Accurate Signals

Jago Trading Strategy for MT4

Overview: The Jago Trading Strategy for MT4 is a comprehensive trading system that utilizes a variety of indicators. It follows a philosophy that more indicators can provide better signals, though this can sometimes result in a cluttered chart. In this guide, we will focus on the essential indicators to help you decide when to take long or short positions.

Key Indicators:

1. GP Clock: A countdown timer displayed on the top left of your chart. It doesn’t significantly impact the strategy, so you may choose to remove it.
2. Signal Bars: Shows the current price on the top right corner and visualizes the trend across different timeframes. This indicator is also not critical and can be removed to simplify your chart.
3. Heiken Ashi: Plots candlesticks in Heiken Ashi form, providing a clearer view of the trend.
4. Zig Point Indicator: Marks the up and down arrows on the price chart, helping to identify potential entry points.
5. Super Signals Indicator: Similar to the Zig Point Indicator but can be removed as it is redundant.
6. ZigZag Take Profit and New Trend Indicator: Displays zigzag lines that mark swing highs and lows, which can be used to set take profit levels and identify trend changes.
7. BB Stop Alert: Plots green and yellow lines above and below the price, useful for trailing stop losses in strong trends.
8. Stochastics Oscillator: In the sub-window, it signals overbought and oversold conditions.
9. GST Signal Indicator: Displays trend strength but can be removed for simplicity.
10. VQ Indicator: Shows short-term trends and further validates trade signals.

Trading Instructions:

• Long Positions:
  • Look for an up arrow on the ZigZag indicator.
  • Confirm with blue candlesticks on the Heiken Ashi indicator.
  • Ensure the Stochastics Oscillator shows price moving out of oversold levels.
  • Confirm with a green up arrow on the VQ indicator.
  • Enter a long position and set your stop loss below the recent low. Use the BB Stop indicator to trail your stop loss.
• Short Positions:
  • Look for a down arrow on the ZigZag indicator.
  • Confirm with red candlesticks on the Heiken Ashi indicator.
  • Ensure the Stochastics Oscillator shows price moving out of overbought levels.
  • Confirm with a red down arrow on the VQ indicator.
  • Enter a short position and set your stop loss above the recent high. Use the BB Stop indicator to trail your stop loss.

Conclusion: The Jago Trading Strategy for MT4 can be effective but may overwhelm some traders due to the numerous indicators. Simplifying the chart by removing non-essential indicators can make it easier to use. Beginners should practice extensively before using this strategy in live trading. Due to its complexity, it’s recommended to use this strategy on short-term charts and avoid applying it to multiple charts simultaneously.

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