Hawkeyemt4 Indicators

This is a collection of five indicators. The indicators come in different set ups which needs to be inserted on the trading chart differently. That is you have to insert each of the indicators differently on to the MT4. It is left to the trader to choose which combination to use. However in this article we are going to discuss what each of the indicators do and then show how to use all in combination to trade.

This combination of indicators is one of its kind and it is actually one of the best recommendation for the forex beginners. It ensures that before the trader open any trade, the signal given is viable and at no one point will the trader close with a loss. If these indicators are used accordingly and in the right way the trader should make a profit of around 300 pips a day.

Fig.1. The Hawkeyemt4 Indicators inserted onto the MT4.

As seen from the chart above, the indicators complement each other and they are harmonious to each other. This means all the indicators indicates the same trend. However each of the indicator acts to confirm whether really it is a good time to place an order.

The VSA_TrendDiamonds indicator is responsible for the formation of a line that is formed by red, white and green squares. The trader should always trade only when the color of this line is either red or green. When the color is white the trader should avoid trading. In actual sense, when the color of the line is either green or red, all the other indicators have given their signal.

The vasily pip sniper on the other hand displays red and blue bars on a separate chart below the main trading chart. The red bars are formed to show it is the right time to trade while the blue bars are formed when it is not the right time to trade. The blue bars are formed when the VSA_TrendDiamonds indicator line is white.

The trend value indicator on the other hand gives the range of the previous day highs and lows. The purple line shows the highs while the green line shows the lows. This is of importance when placing your stops.

The beginner indicator is the first to give its signal which is in form of either a red or a blue dot. The trader should wait for all the other indicators to give their signals. This indicator is based upon the SHI_SilverTrendSig.

Placing orders using the Hawkeyemt4 Indicators

The traders should use the VSA_TrendDiamonds indicator to place his or her orders since it is the last to give its signal hence giving a very refined signal.

Placing a sell order:

The conditions for placing a sell are:

1. The beginner indicator should have formed a red dot.
2. The Vasily Pip Sniper should be forming red bars.

• The VSA_TrendDiamonds indicator line should be red.

Once you open a sell, it should be closed when the VSA_TrendDiamonds indicator line changes its color to white.

Placing a buy order:

The conditions for placing a sell are:

1. The beginner indicator should have formed a blue dot.
2. The Vasily Pip Sniper should be forming red bars.

• The VSA_TrendDiamonds indicator line should be green.

Once you open a sell, it should be closed when the VSA_TrendDiamonds indicator line changes its color to white.

Example of how to place orders using the Hawkeyemt4 Indicators.

Open demo account to test this system.

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