Download Kobra Forex Factory Calendar Indicator

News trading technique is one of the trading skill that should be possessed by a trader. Not just on the  trending market or sideways market but also a trader can take advantage on the market that are churned out by the effect of high-impact news. A trader should be able to take advantage of that.

In trading an accurate and reliable news data information  and reliable information are very desirable such like news that affects the state of the economy or the strength of a currency so that trader can be deduced what steps will be taken further.

There are several online sites that present economic news that can be used by traders in trading when the economic news is about to release one of them is forexfactory.com.

On this occasion I will introduce a very interesting indicator that allows traders to read the data on forex factory. Traders do not need to open the site many times but the existing data on the site will be send directly into your trading chart. The indicator name is Cobra forexfactory Calendar indicator.

This indicator is very helpful and practicool for trader in the trade. A trader can trade without need to divert attention to the news site and to chart and you can see the data in the release of economic news directly on your trading charts. Interesting isnt ?

Hope useful for you :) Description: Download Kobra Forex Factory Calendar Indicator Rating: 4.5 Reviewer: minus - ItemReviewed: Download Kobra Forex Factory Calendar Indicator

How to use and draw Fibonacci retracement as trading strategies

Using Fibonacci retracement as indikator in the trade is a smart choice because by using this indicator making you can put a limit order , stop order or even Instant order with very accurate placement. Fibonacci Retracement will draw the points of potential support and resistance when its drawn so that you can take advantage from it. Then there are some things that you must understand when You trade by using Fibonacci Fibonaaci below :

1 . Strong Fibonacci Retracement level at 38.2 % and 61.8 %

At this level a lot of retracement will happen often then many traders taking advantage of this moment because of support or resistance is formed at this level is very strong and gives a signal that the trend will continue after a pullback occurs.

2 . Trend reversal level at the level of 23.6 % , 50.0 % 76.4 %

At this level when the price is stop right on the level or not it seems the trend to be unable to continue and  likely that the trend will change so that traders need to make the next step after several other contributing factors confirmed as a sign of a trend change. Never use just one signal to making order. You need about three confirmed signal before making Your order.

You can see in the picture above potential retracement levels are marked in red and the potential reversal levels are marked in yellow . So based on the above principles you can try to take the opportunity to trade when price has break the Fibonacci level which is a reversal area and wait until the price comes on retracement level later then if price bounces on retracement point you can place an order in accordance of the trend candle direction whether the trend is up or down and do not ever try to making order when the price has not been entered retracement point because trend reversal will occur often so it is very risky to making order at that level .

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How To Use Fibonacci Retracement In MetaTrader 4

Fibonacci retracement is a build in tool in Metatrader 4 and very helpful in determining potential areas of support and resistance. When Fibonacci retracement installed properly on the chart will often will show the bounce area in the chart but sometimes also break when the price penetrates support or resistance area in the strong trend then headed to next potential area. There are several levels of Fibonacci retracement is often used by traders as follows:

Fibonacci Retracement

Seen in the picture there are 6 levels in Fibonacci retracement used often in MetaTrader 4 those are 0.0, 23.2, 38.2, 50.0, 61.8, 100.0 of levels. That's the Fibonacci levels are often used and is a reference to determine potential areas of support and resistance.

In using Fibonacci Retracement traders needs to understand well about knowledge in determining the swing high and swing low due to the fibonacci lines are formed based on the swing high and the swing low that have been selected as the highest fibo level and the lowest fibo levels. Traders can attached the Fibonacci retracement tool in the chart with the following way:

1. Find the tool on the Insert menu > Fibonacci > Retracement then select it

2. Always start from left to right

3. Discover The swing high

4. Discover The Swing low

5. Fibonacci retracement has been formed with the support and resistance lines potential

Then there are a few settings in the properties of Fibonacci retracement you need to know, for example, the Common tab as seen like the image below:

Name           : the name of the Fibonacci

Description   : to provide description is from the Fibonacci but not a must

Style            : To change the color, line type and thickness of the lines on a diagonal line                                    connecting the swing high and swing lows

Then there are also fibo levels tab that allow you to do some settings such as:

Add  : to increase the number of levels from levels that already by default appear on the                         chart

Style : change the appearance, color, thickness or type of line

It’s little bit easy to use the Fibonacci retracement. You just need to consider to determine swing high and swing low then the Fibonacci levels will be formed and if you do that incorrectly  the potential support and resistance you made was wrong. So you need more practice in high and low to expert in this case.

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Download Forex Price Alert Indicator For MT4

Price Alert indicator is one indicator that is very useful for those who do not want to look at charts too long and probably in working on specific tasks with your computer. As Its name this indicator help us to remind  when the price of a pair touching the line of alerts that we have set in the chart. Indicator will give a warning in pop up words and sound so that you can do another Activities that you want with your computer without worry about missing price for your order. Whether Open Facebook, Twitter or perhaps  watching movies with free mind of worrying about miss the price that you seek to prior in  opening position prior for your trading.

For more details about how to use this indicator please you see in the image below:

As shown in the figure above shows the properties there are several options that can be set at the price we want such pair:

SoundWhenPriceGoesAbove: To provide a warning when the price is higher than the price that we set the indicator

SoundWhenPriceGoesBelow: To provide a warning when the price is lower than the price that we set the indicator

SoundWhenPriceExactly: To provide a warning when the price is right touches on the price that we set the indicator

After you set the price on the Indicator an Horizontal Lines with yellow colour will appear on the chart Indicator that indicates that you have successfully to setup  price alerts on the price indicator alerts. You can see how it looks like the image below :

Quite simple to use this Alert Price Indicator and does not require complicated settings such as the Forex indicators in generally You only need to set your desired price and no need convoluted again. If you want to download this indicator here it is Price Alert Indicator

Description: Download Forex Price Alert Indicator For MT4 Rating: 4.5 Reviewer: minus - ItemReviewed: Download Forex Price Alert Indicator For MT4

Download Candlestick Chart Pattern Recognition Indicator For MT4

On this occasion I will review an indicator that is very important when you want to find signs of price reversal or continuation of the price in forex market. As we know that the candlestick pattern is a very strong indicator for determining the price reversal or continuation of the price that has been widely used by traders in analyzing trade because of the degree of truth of this strategy is very high.

When you are still very common with candlestick patterns will be very helpful at all when there is an indicator that can help you to see what pattern is being formed and  I can understand that when studying the candlestick pattern will be hard to remember of many candlestick patterns that exist both for reversal or continuation pattern. The feeling of doubt will always arise when you try to guess what the pattern was formed on the chart. Therefore Candlestick Chart Pattern Indicator will greatly help you when you want to more understand about candlestick patterns that were formed in the chart. 

Here is a view of Candlestick Chart Pattern Chart Indicator on Metatrader 4 In Pairs EUR / USD:

Looks clearly in the image above that the indicator notify the trader about the pattern that is being formed and is also equipped with a warning for making you easier to recognize so you will not miss any of the patterns when you trade. Can be seen in the image above formed several patterns such as Bullish Engulfing and Bearish Engulfing pattern. Actually there are many candlestick patterns that can be displayed by this Indicator but I do some settings to only show Bearish and Bullish Engulfing as shown above. Here are a few patterns that can be displayed on the this Indicator chart pattern:

As seen above, there are options such as Bearish Engulfing pattern, Three Outside Down, Three indise Down, Dark Cloud Cover, Bullish Engulfing, Three Outside Up, Three Inside Up, Piercing Line, Three White Soldier, Stars, Harami. You can see there are so much patterns that can be displayed by this indicator so that it can greatly help you in understanding chart patterns and on the top there is the option Show Alert function to alert you when there is a pattern chart that is being formed. 

Using this indicator is very easy, you just need to change the value from true to false to disable the function of the pattern that is shown in the chart. It's easy just a click away and will show you the pattern in your chart. If you want to download please: 

Candlestick Chart Pattern Recognition

Description: Download Candlestick Chart Pattern Recognition Indicator For MT4 Rating: 4.5 Reviewer: minus - ItemReviewed: Download Candlestick Chart Pattern Recognition Indicator For MT4

Download Forex Trading Session Indicator For MT4

Trading session Indicator may be the thing that does not need to be owned by an experienced trader.  All of trading session already embedded in their brains because they has too much trading time everyday to be familiar with but for a novice trader is really need some Indicator that can telling them when the time for open session for market trading in Sydney till  London Opening Session Even in New York Closing session. This case is very important for them and  on this occasion I will post a very useful indicator for the novice trader called Forex Session Indicator. Here's how it looks when it attached into the charts in MT4:

As you can see in the picture above is the view for Forex Session Indicator . In the red box is a display of the time each of the four sessions ranging from Sydney to New York and coloured bars at the bottom showing each session in Hourly or 4 Hour each Bar accoding the setting you wanted . At the appropriate time chart showing in the picture above I use  Hourly timeframe with an explanation of each color as follows:

Blue           : Sydney Session

Yellow        : Tokyo Session

Green         : London Session

Orange       : Sessions New York

Total bar will change in accordance with the selected timeframe, the greater timeframe selected, the number of bars will decrease.

Then on the property settings  you can set a few things such as Time Zone And Color of the bars

On the Input tab there is the option Time Zone with the following explanation:

Local GMT : Local Time Zone you or your Regional Time

BrokerGMT: Broker Time Zone, If you have the same time zone with a broker you do not need to                     change the setting in this section.

Show Text  : To show or eliminate the time of each session is given at the top of the red box,                             option to display the true and false to remove.

Then the color tab you can freely change the size and color of each bar in each bar as shown below:

I think it's pretty obvious to an explanation of the use of this indicator, if you want this Indicator feel freeto download Forex Session Indicator for MT4 

Description: Download Forex Trading Session Indicator For MT4 Rating: 4.5 Reviewer: minus - ItemReviewed: Download Forex Trading Session Indicator For MT4