Introducing the Vulkan Forex Indicator, a trend reversal tool that leverages the Vulkan Profit Indicator, filtered through several trend indicators including the 100 Pips Trend Indicator, ADX, Binary Viper, and TMA with distances. This versatile indicator is compatible with all timeframes and currency pairs, making it a valuable addition to any trader’s toolkit.
How It Works and Application in Trading
Trading Rules Explanation
Buy Entry
Initiate a long trade when the following conditions are satisfied:
Initiate a short trade when the following conditions are satisfied:
Exit the trade when an opposite signal appears, or use your preferred trade exit method.
Important Considerations
To achieve the best results, proper money management is crucial. Successful trading requires mastering discipline, emotional control, and psychological resilience. It is essential to know when to trade and when to avoid trading. Avoid trading during unfavorable conditions such as low volume/volatility, outside major sessions, with exotic currency pairs, or when spreads are wider.
Setting Up the Vulkan Forex Indicator in MT4
Files Included
The Vulkan Forex Indicator is a worthy addition to your trading collection. However, remember to have realistic expectations. Like any technical analysis tool, it cannot provide 100% accurate signals all the time and may occasionally give false signals. Its performance can significantly vary depending on market conditions.
How It Works and Application in Trading
Trading Rules Explanation
Buy Entry
Initiate a long trade when the following conditions are satisfied:
- The Vulkan Profit indicator shows an upward arrow.
- Confirmation with either:
- Two buy arrows from the 100 Pips Trend Indicator and one ADX green/dodger blue bar, or
- Two ADX green/dodger blue bars and one buy arrow from the 100 Pips Trend Indicator.
- Optionally recommended: The price touches or breaks the TMA lower band, and the Binary Viper indicator displays an upward arrow.
Initiate a short trade when the following conditions are satisfied:
- The Vulkan Profit indicator shows a downward arrow.
- Confirmation with either:
- Two sell arrows from the 100 Pips Trend Indicator and one ADX red/dark orange bar, or
- Two ADX red/dark orange bars and one sell arrow from the 100 Pips Trend Indicator.
- Optionally recommended: The price touches or breaks the TMA upper band, and the Binary Viper indicator displays a downward arrow.
Exit the trade when an opposite signal appears, or use your preferred trade exit method.
Important Considerations
To achieve the best results, proper money management is crucial. Successful trading requires mastering discipline, emotional control, and psychological resilience. It is essential to know when to trade and when to avoid trading. Avoid trading during unfavorable conditions such as low volume/volatility, outside major sessions, with exotic currency pairs, or when spreads are wider.
Setting Up the Vulkan Forex Indicator in MT4
Files Included
- Indicators:
- Vulkan Profit.ex4
- 100pips Trend.ex4
- Binary Viper v2.00.ex4
- Nihilist_Ultra_ADX.ex4
- TBL Colored MA.ex4
- TMA with Distances.ex4
- Template:
- vulkan P2.tpl
- Copy and paste the indicator files into the MQL4 folder of the MetaTrader 4 trading platform.
- Access this folder by clicking the top menu options: File > Open Data Folder > MQL4 > Indicators (paste here).
- Similarly, copy and paste the template file into the Templates folder.
- Right-click on the chart, hover over Templates, and select the template name to run the system.
The Vulkan Forex Indicator is a worthy addition to your trading collection. However, remember to have realistic expectations. Like any technical analysis tool, it cannot provide 100% accurate signals all the time and may occasionally give false signals. Its performance can significantly vary depending on market conditions.