The Morning Flat Alerts indicator is a specialized algorithm for the MT4 trading platform. Using the described algorithm, you will be able, with a sufficient level of efficiency, to assess the situation that has developed in the period under consideration on the chart of the asset you have chosen, and also to determine the right moments for creating successful positions.
The described algorithm is based on Fibonacci levels. This algorithm displays resistance and support lines on the trading chart, being guided by which you can select the optimal moments to enter the market. Due to the simplicity and clarity of the signals issued, the described algorithm can be safely recommended to beginners who are just getting acquainted with the foreign exchange market.
The Morning Flat Alerts indicator boasts a high level of versatility, which allows it to be successfully used on almost any time frame or asset. At the same time, experienced speculators claim that the maximum accuracy of the signals of the described algorithm is observed in the M15 time interval.
To download the Morning Flat Alerts indicator, use the link that you can see below.
Download Morning Flat Alerts indicator
Morning Flat Alerts indicator. Optimization
The installation of the described algorithm is simple. Even if you are a beginner and do not have experience with similar algorithms, this process should not cause you any significant difficulties. After starting the considered algorithm, a window with its parameters will appear in front of you.
The described algorithm has the following parameters:
- “Start-Hour”. Start time of the considered algorithm.
- End-Hour. In this field, you can specify the end time of the described algorithm.
- Target-Level-1-by-Fibo. In this field you can set the value of the first Fibonacci level.
- Target-Level-2-by-Level. This parameter allows you to configure the second Fibonacci level, which displays the described algorithm on the trading chart.
- “Alert-crossing-Target-Level”. When this function is activated, the described algorithm will display signals after the price level crosses one of the main levels.
Due to the fact that the described algorithm has a small number of adjustable parameters, both a speculator with a certain trading experience and a beginner who is just getting acquainted with the foreign exchange market can handle the optimization process.
It is extremely simple to apply the described algorithm to make money on the foreign exchange market. You need to transfer the Morning Flat Alerts indicator to the chart of the selected asset and perform its optimization. Then you should wait for the next signal to appear and create a position in the desired direction.
After the price level crosses below the green level, you should create a buy position. It is recommended to create sell deals after the price level of the selected asset crosses the red level from above.
It is important to mention that some of the signals generated by the described algorithm may turn out to be erroneous. Using such signals to create positions can lead to losses. To exclude such a scenario, it is recommended to combine the considered algorithm with additional technical tools as part of a particular strategy. To learn how to correctly optimize and apply the algorithm in question, use a demo account. Only after gaining the necessary experience, you can start trading.