SDL Mam indicator is a forex trading indicator. It is a very simple forex trading indicator which is designed to be used in metatrader 4 platforms. The SDL Mam indicator is an oscillator based trading indicator. This indicator is very easy to understand and to trade. To be brutally honest you cannot have a successful forex trading career by using this single indicator, it’s beyond that. What I meant to say is you should use other indicators with this indicator so as to have better trade signals. I just don’t want to underestimate this indicator but its fact. You can use other technical indicators for your trade signals and you can use this indicator confirm those signals.
Trend is the key to profits in any financial markets. So when using this trend you should follow the trend of the market. Because this indicator generates signals in counter trend direction, you should avoid them just to have an edge. When you install SDL Mam indicator in your metatrader platform, your chart should look like this:
SDL is an oscillator indicator which changes its color to red and blue as per the direction of the market. When the market is up trending oscillator is blue and when the market is down the oscillator is red. You should look for buying opportunities only when the oscillator is in positive territory and you should look for selling opportunities when the market is in negative territory.
Buying Conditions Using SDL MAM indicator.
- Market should be up trending.
- The SDL oscillator should be in positive territory.
- The SDL indicator should be blue.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the SDL indicator begins to decline sharply.
Selling Conditions Using SDL Mam Indicator.
- Market should be down trending.
- The SDL oscillator should be in negative territory.
- The SDL indicator should be red.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the SDL indicator begins to rise
Download Free Forex SDL Mam Indicator
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