Master Entry - reduce your trading stress to minimum
Master Entry is a versatile trading indicator suitable for any type of trading, be it scalping, traditional day trading or swing trading. Accordingly, you can trade on any timeframe. And the ease of use of the indicator makes it convenient and understandable even for a beginner. The official website says that the indicator is not repainted, but I have serious doubts about this. We'll deal with this later.
Characteristics of the Master Entry
- Platform: Metatrader4
- Currency pairs: Any currency pairs, recommended major
- Trading Time: European and USA trading sessions
- Time Frame: M1-D1
- Recommended broker: InstaForex, Forex4you, RoboForex
How it works? Trading rules
The appearance of Master Entry reminded me of the well-known Half Trend, on the basis of which many commercial indicators have been developed. Including Forex Millennium, Onyx Scalper, Forex Olympus and others.
Here's a look at Half Trend with Amplitude = 12 and Master Entry with TradingMode = Moderate:
Like two twins. Is not it?
Therefore, I dare to assert that Master Entry [cost = $97] is a slightly revised version of the Half Trend [Free] indicator. The only difference is in changing the name of one parameter (Amplitude – TradingMode).
It is not difficult to trade using this indicator and is reduced to a simple opening of a deal based on its signals.
BUY - green upward arrow:
SELL - red downward arrow:
Stop Loss is at the level of the previous local minimum for Buy and at the level of the previous local maximum for Sell.
Take Profit - individually, depending on the volatility of the currency pair, Time Frame and trading session. Or using the formula: Take Profit = 2 x Stop Loss.
Alternatively, to set Stop Loss and Take Profit levels, the author recommends using Fibonacci levels, stretching them from the nearest price maximum to the price minimum. Watch the video [00:41]:
The indicator has 4 trading modes with varying degrees of risk and number of signals. This is clear from the name:
The indicator has all the notifications possible today, such as Pop-up Alert, Email Alert, Push-Notification. This today is no surprise.
As for the author's statement about the absence of repainting of the indicator, it is clearly seen in this video that this is a hoax:
But this does not mean that the indicator cannot be profitable.
In any case, you should never unconditionally trust marketers and check the indicator's ability to make a profit, first of all, in trading on a demo account. Don't forget to consider important economic news.
In the archive Master_Entry.rar (28.3 Kb):
- UltradeFX - Master_Entry.ex4
Free Download Master Entry