White Walker MetaTrader 4 Trading System

This strategy is completely manual. Although the indicators generate signals, decisions regarding market entry, protective stops, or profitable exits remain the trader's responsibility. Therefore, traders should be well-versed in risk and reward principles and use initial support and resistance areas to determine entries and exits.

The White Walker Trading System provides trading signals that can be used as-is, or you can incorporate additional chart analysis to further filter these signals, which is recommended. While traders of all experience levels can utilize this system, it's advisable to practice on an MT4 demo account until you achieve consistency and confidence to trade live.

Indicators Used in this MetaTrader 4 Trading System
The White Walker Trading System employs three custom-made indicators:

• WW_Arrows
• WW_Line
• WW_Histogram

The WW_Arrows indicator is placed directly on the chart, while WW_Line and WW_Histogram have their own windows at the bottom of the chart. For a valid trade entry, all three indicators must align and provide a proper signal. Here’s what your chart will look like after installing the indicators and the White Walker Trading System template:

WW_Arrows
The WW_Arrows indicator is based on the Exponential Moving Average logic. An upward arrow signals a potential buy trade, while a downward arrow indicates a potential sell trade. This is the first indicator to observe when seeking a trade. Once the arrow appears and all other indicators align, you can proceed with the trade. After taking a trade, you should only enter the next trade when a new arrow appears.

WW_Line
WW_Line is a custom trend-following momentum indicator calculated by subtracting the long-term EMA from the short-term EMA. It triggers buy signals when it crosses above the zero line (blue) and sell signals when it crosses below the zero line (red).

WW_Histogram
WW_Histogram displays neutral (white), buy (blue), or sell (red) opportunities. It is designed to identify convergence, divergence, and crossovers.

This MetaTrader 4 Trading System can be applied to any Forex currency pair and other assets, such as stocks, commodities, cryptocurrencies, precious metals, oil, and gas. You can also use it on any time frame that suits you best, from 1-minute to 1-month charts, although it works best on M15 or H1 time frames.

Trading Rules for White Walker Indicator
Remember to tighten your stop losses around high-impact news releases or avoid trading at least 15 minutes before and after these events.

As always, proper money management is essential for achieving good results. To be a profitable trader, you must master discipline, control emotions, and understand trading psychology. It is crucial to know when to trade and when to refrain. Avoid trading during unfavorable market conditions, such as low volume/volatility, outside major sessions, exotic currency pairs, and wider spreads.

Buy Entry

• The upward White Walker arrow must appear on the chart.
• WW Line must cross above the 0 level and turn blue.
• WW Histogram must become blue.
• Once all the conditions are met, enter the buy/long trade at the close of the candle.
• Note: After the WW_Arrow appears, the other two indicators must align within the next three candles. If not, it is no longer considered a valid signal.

Sell Entry

• The downward White Walker arrow must appear on the chart.
• WW Line must cross below the 0 level and turn red.
• WW Histogram must become red.
• Once all the conditions are met, enter the sell/short trade at the close of the candle.
• Note: After the WW_Arrow appears, the other two indicators must align within the next three candles. If not, it is no longer considered a valid signal.

Trade Exit

• Place your stop loss below the most recent swing high/low point.
• Place your take profit at the same distance from the entry point as your stop loss (1:1 risk-to-reward ratio).
• You may also exit the trade manually if the system's conditions reverse (the opposite arrow appears). Using a stop loss is recommended. Avoid using fixed stop loss settings without any reference points.