Avtor FTR Indicator MT4
Overview
The Avtor FTR Indicator MT4 is designed to enhance your existing trading strategy by providing confluence signals. Whether you’re a breakout trader, supply and demand enthusiast, or pattern follower, this indicator can add value to your trades.
Key Features
- Multi-Timeframe Scanning: With the Avtor FTR Indicator, you can conveniently scan multiple timeframes (1M, 5M, 15M, 30M, 1H, and 4H) all in one chart. This allows you to spot potential setups across different time horizons.
- Moving Average Filter: To filter out poor trades, consider using a moving average. You can choose from Simple, Exponential, Smooth, or Linear Weighted Moving Averages (14 EMA is recommended).
- Engulf FTRs Only: If you prefer, focus on engulfing FTRs. These are powerful reversal patterns that can signal potential trade opportunities.
- Minimum FTR Body Size: Set a minimum FTR body size in pips to further refine your setups. Larger FTR bodies may carry more significance.
- Server Time Filter: Configure the indicator to send alerts only during specific hours (e.g., between 08:00 and 15:00). This helps align with your trading schedule.
- Candle History Limit: Specify how many previous FTRs the indicator should scan. Historical context matters!
Strategy Example
Let’s delve into how the Avtor FTR Indicator MT4 might take a trade using the specified parameters:
- Timeframe: H1 (1-hour chart)
- Currency Pair: XAUUSD (Gold against the US Dollar)
- Engulfing FTR Formation: The indicator identifies an engulfing FTR on the H1 chart for XAUUSD. This pattern suggests a potential reversal.
- Moving Average Confirmation: The 14-period Exponential Moving Average (EMA) confirms the bullish engulfing FTR. Price is above the EMA, adding confluence to the setup.
- Minimum Body Size: The FTR body size exceeds the specified minimum (e.g., at least 10 pips). This ensures we’re not dealing with tiny, insignificant patterns.
- Server Time: The alert triggers during the specified trading hours (e.g., between 08:00 and 15:00).
How to Get Started
- Join our Telegram channel: https://mahakaryadigital.com
- Download the Avtor FTR Indicator MT4 from our website: https://mahakaryadigital.com/product/avtor-ftr-indicator-mt4/
Remember, the Avtor FTR Indicator MT4 is a tool to enhance your existing strategy. Always combine it with proper risk management and thorough analysis.
