YangTrader consists of 2 MT4 indicators. It will give you buy and sell signals.
A buy signal occurs when the price crosses back below 80 from overbought market conditions.
A sell signal occurs when the price crosses back above 15 from oversold levels.
BUY: In uptrending markets: Wait for the blue arrow to appear. Ignore sell signals.
SELL: In downtrending markets: Wait for the red arrow to appear. Ignore buy signals.
GBP/USD 1 Hour Chart Example
How to install the Yang Trader custom indicator in Metatrader 4?
- Download the Yang Trader.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.