Swing Trading Dashboard - scans all pairs on all timeframes
Swing Trading Dashboard combines 2 powerful factors for finding reliable entry points to the market. This is a breakthrough from the support/resistance level and high-probability price action patterns. That is why the indicator accurately determines the turning points of the market and shows on the chart the emergence of a new market trend. The indicator is equally well suited for scalping, swing trading and day trading.
Characteristics of the Swing Trading Dashboard
- Platform: Metatrader4
- Currency pairs: All Pairs, Indexes, Stocks and Metals
- Trading Time: Around the clock
- Timeframe: All Timeframes, recommended M5-D1
- Recommended broker: InstaForex, XM, RoboForex
How it works and rules of trade
Before we proceed directly to the analysis of trading signals, I want to draw your attention to the fact that you do not need to open a new chart for each pair in the terminal each time. To do this, just double-click on the currency pair (gray area on the right with the name of the currency pair in the dashboard panel). It is very convenient and fast enough.
By the way, the forerunner of the Swing Dashboard Indicator was an indicator called the Swing Force (attached to the archive). I will not dwell on it in detail. If you wish, you can familiarize yourself with the Swing Force indicator.
Using the Swing Dashboard Indicator is very simple:
BUY when a blue arrow appears:
SELL when a red arrow appears:
Stop Loss should be set at the level of the red line, which in turn is set at the level of the nearest price minimum/maximum.
To set targets, you can follow the rules:
- Take Profit 1 = Stop Loss
- Take Profit 2 = 2 x Stop Loss or at the level of the green line of the indicator
And of course, no matter how profitable this indicator is, it is not wise to use it alone. For example, you can use the Market Strength indicator as a filter. This will additionally protect you from some false signals.
Swing Trading Dashboard + Market Strength:
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In the archive Swing_Trading_Dashboard.rar (259.0 kB):
- Swing Trading Dashboard.ex4
Free Download Swing Trading Dashboard