Best Agimat Reversal Indicator
Among the large volume of indicators on the Internet, this super tool shows pivot points and reversal zones on the chart.
CATEGORIES: MT4, SIGNAL, LEVELS
Updated on: 14.12.2023
The A-Gimat Reversal Indicator for MT4 provides the best forex trend trading signals with arrows. The indicator works based on zigzag reversal patterns. Hence offers the best entry and exit for swing trading.
How to trade with A-Gimat Reversal Indicator for MT4?
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Once applied to the charts, the indicator continuously scans the bars for highs and lows. It identifies a reversal point if it finds a new high or low according to the indicator parameters’ values. The indicator places a signal arrow on the candle or bar to signal a trend reversal from bullish to bearish and vice versa.
Once the indicator signals a UP arrow, the trader can place a BUY order. The trader can hold the open order till the indicator signals a trend reversal by an arrow in the opposite direction. Thus the indicator enables the trader to ride the entire trend.
The best place for placing a Stop Loss is the previous swing low. Similarly, the next reversal arrow is the best take profit point. However, traders may decide to book profits with a reasonable risk and reward ratio.
The entire process is done oppositely for a SELL signal.
A-Gimat Reversal Indicator for MetaTrader Features:
Because of the indicator’s ability to identify tops and bottoms, the indicator is a boon for swing traders. However, It works brilliantly for intraday trading on lower time frame charts. Besides, both new and experienced traders appreciate the indicator’s simplicity and functionality.
Save time withd software.
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