FS30 Indicator MT4 (Works on Build 1420) | Forex MT4 Indicators

The Forex Signal 30 (FS30) is a popular trading system for MetaTrader 4 (MT4). It provides clear buying and selling signals based on several indicators, including ForexSignal 30 Extreme, Signal 2, and Stochastic. Traders can use it on timeframes ranging from M30 to 4H, with the 4-hour timeframe being recommended. The system helps identify potential reversals and provides guidelines for setting stop loss and take profit levels.

The FS30 Indicator MT4 is a popular forex trading system known for its clear buy and sell signals. It’s appreciated by traders for its effectiveness in identifying potential reversals and providing hints on when to close trades. Let’s dive into the details:

Strategy Overview

Indicators Used:

1. ForexSignal 30 Extreme: Determines the general market direction.
2. Signal 2: Provides clear buying and selling signals.
3. Stochastic: Helps identify overbought and oversold conditions.

Timeframes:

• The FS30 strategy can be traded on timeframes ranging from M30 to 4H.
• However, it’s recommended to focus on the 4-hour timeframe for optimal results.

Trading Rules

Buy (Long) Trade:

1. The candles must touch the lower band (pink channel).
2. A blue arrow appears below the candles.
3. Stochastic is below the 20 level (oversold).
4. The ForexSignal30 Extreme changes direction, pointing upwards (color changes from red to yellow).
5. Set your stop loss just below the recent swing low.
6. Take profit at the opposite (upper) band (pink channel).

Sell (Short) Trade:

1. The candles must touch the upper band (pink channel).
2. A red arrow appears above the candles.
3. Stochastic is below the 80 level (overbought).
4. The ForexSignal30 Extreme changes direction, pointing downwards (color changes from yellow to red).
5. Set your stop loss just below the recent swing high.
6. Take profit at the opposite (lower) band (pink channel).

Implementation Tips

• Use the Arrow indicator to find potential trend reversals.
• The Extreme indicator’s color (yellow or red) indicates the overall market direction.
• Wait for other indicators to confirm before entering a trade.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

What’s in the package?

Indicators:

• FS30.ex4

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