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Palo4nik indicator

The Palo4nik indicator is a specialized algorithm for the MT4 trading platform. Using the described algorithm, you will be able to quickly assess the situation that has developed on the chart of the asset you have chosen for earning, as well as determine the optimal moment for creating successful positions. The main purpose of the algorithm under consideration is to display support and resistance lines on a trading chart. It also allows you to manually draw a ZigZag on a trading chart, as well as change the shades of various graphical objects. The signals of the considered algorithm themselves are extremely simple and intuitive. Thanks to this feature, the described algorithm can be safely recommended to all novice speculators who are just getting acquainted with the foreign exchange market.

The Palo4nik indicator is a fairly universal algorithm, as it can be effectively used on almost any asset and time frame.

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To download the Palo4nik indicator, use the link that you can see below.

Download Palo4nik indicator

Palo4nik indicator. Optimization

The installation of the described algorithm is simple. You do not need any special skills or experience to complete this task. After launching this technical instrument, a window with its parameters will appear on the screen.indicator palo4nik

The described algorithm has only one configurable parameter that has at least some effect on its functioning, which is called “Module-Zigmen”, which allows you to activate the ability to draw a zigzag on a trading chart. The rest of the parameters of the described algorithm allow you to change only the appearance of the graphical figures that are displayed on the trading chart.

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The fact that the creators of the algorithm under consideration did not foresee the possibility of changing the parameters that affect the correct functioning is ambiguous. On the one hand, this will not allow experienced speculators to fine-tune the algorithm in question to the chart of the selected asset. As for novice speculators, the decision of the creators of the algorithm is positive for them, since the likelihood that the algorithm will function incorrectly due to incorrect settings is excluded.

Algorithm application

Using the described algorithm to make money on the foreign exchange market is as simple as possible. You just need to transfer the Palo4nik indicator to the chart of the selected asset and optimize it. Then you should wait for the next signal to appear and create a position in the desired direction.indicator palo4nik

It is recommended to take the price rebound from the support and resistance level as a signal to create positions. If the price bounces off the resistance line, you need to create a sell position. This trade must be closed after the price approaches the support line.

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After the price bounces off the support level, you need to create a buy position. This trade should be closed after the price approaches the resistance level. It is important to understand that some of the signals of the considered algorithm may end up being erroneous. To increase your chances of making a profit, it is recommended to combine the described algorithm with additional tools.

To obtain the necessary optimization skills and apply the considered algorithm, use a demo account. Only after learning how to correctly optimize and apply the algorithm in question, you can start trading with real funds.

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