Wait for the price to test an important demand level.We should notice grey histogram bars on the positive side of the Natuseko Protrader 4H Strategy indicator.At the Natuseko Protrader 4H Strategy indicator, the blue color channel should have an ascending slope and the red signal line should cross above the blue channel.If the market makes a new higher high, it is an indication of an uptrend. First of all, we need to check the state of the market movement.Once you have the potential trading level identified, you need to check some conditions to open the long order. Before you use the Natuseko Protrader 4H Strategy indicator, you have to draw the demand level by using the trend line or the horizontal line. Similarly, if the candle has a closing below the opening price, the candle is said to be bearish.ĭemand or supply level is the key place we need to look for the buying signal. If the closing of the candle is higher than the opening price, we may say, the candle is bullish. To identify the rejection in the price, we will be using the closing of the candle.īy learning to identify the bullish and bearish candle, we can analyze the quality of the trade signals. Usually, the price starts to fall after rejecting the supply zone. The resistance levels in the market are also known as the supply zone. That means we will be looking for the long trade signals at a specific price range which will act as the demand zone. Instead of considering the support as a specific point, it is better to consider it as a demand zone. The trade signals are usually formed at the critical support and resistance level. On the contrary, the market will create new lower lows while the price is in a strong downtrend.
For instance, in a bullish trend, you should spot higher highs in the market. You can also identify the existing trend by using the position of the highs and lows. Highs and lows give us important metrics to connect the trend, support, and resistance lines. So, to define the take profit and SL price, we may relate the highs and lows of the market. The Natuseko Protrader 4H Strategy indicator is mostly based on the 4H time frame. On the contrary, if the red signal line cross above the blue channel, you may expect a strong bullish rally in the market. If the red color signal line drops below the blue-colored three-layered channel, it means, bulls have lost the momentum. In the Natuseko Protrader 4H Strategy indicator, you should see another three-layer channel that is closely related to the red color signal line. Taking data reading from the Natuseko Protrader 4H Strategy indicator On the contrary, if the grey bars are created on the negative side, you should be expecting a downtrend. If the grey histogram bars are formed above the zero lines, you may expect the bulls are dominating the market. After installing the indicator, you should see grey color histogram bars oscillating around the reference line zero. The Natuseko Protrader 4H Strategy indicator is a classic tool that aids us to determine the volatility of the trend along with and market direction. For your better understanding, we are going to discuss the prime functions of the critical factors used in this system. But to identify the potential trade signals, one should have the ability to analyze the market based on the above-mentioned critical factors. Setting up the trading environment for the Natuseko Protrader 4H Strategy indicator is a pretty easy task. Now let's see the list of essential elements which we need to consider to use this system.Ĭhart setup with the Natuseko Protrader 4H Strategy For MT4 But to find the organized trade signals, we have to rely on other variables also. As the spikes are less common in the higher time frame, the data analysis process is relatively easier in this system. Since the strategy is designed to take the trades in the H4 time frame, it gives us a unique advantage to deal with the false spikes. You will see that there is a Bollinger band-like structure drawn around the main indicator line. The indicator draws a histogram sub-window. The Natuseko Protrader 4H Strategy For MT4 is based on the natuseko protrader indicator and can be traded on the time frame H4 on any trading instrument.
If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy. Therefore, we are mainly explaining the components and rules of the strategy. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy.
Please note: This strategy was publicly published in the trading community and is free to use.
Natuseko Protrader 4H Strategy indicator.