BEST AGIMAT REVERSAL INDICATOR MT4
- Among the large volume of indicators on the Internet, this super tool shows pivot points and reversal zones on the chart.
The A-Gimat Reversal Indicator for MT4 provides the best forex trend trading signals with arrows. The indicator works based on zigzag reversal patterns. Hence offers the best entry and exit for swing trading.
How to trade with A-Gimat Reversal Indicator for MT4?
- Once applied to the charts, the indicator continuously scans the bars for highs and lows. It identifies a reversal point if it finds a new high or low according to the indicator parameters’ values. The indicator places a signal arrow on the candle or bar to signal a trend reversal from bullish to bearish and vice versa.
- Once the indicator signals a UP arrow, the trader can place a BUY order. The trader can hold the open order till the indicator signals a trend reversal by an arrow in the opposite direction. Thus the indicator enables the trader to ride the entire trend.
- The best place for placing a Stop Loss is the previous swing low. Similarly, the next reversal arrow is the best take profit point. However, traders may decide to book profits with a reasonable risk and reward ratio.
The entire process is done oppositely for a SELL signal.
A-Gimat Reversal Indicator for MetaTrader Features:
Because of the indicator’s ability to identify tops and bottoms, the indicator is a boon for swing traders. However, It works brilliantly for intraday trading on lower time frame charts. Besides, both new and experienced traders appreciate the indicator’s simplicity and functionality.
- The increased Depth value of the indicator parameter enables the indicator to calculate a broader area. Similarly, a higher Deviation value ignores smaller price fluctuations. The Backstep acts as a filter for the signals. As a result, the indicator displays fewer arrows that provide more profitable trend trades.
Trend traders can use the A-Ggimat indicator along with other MetaTrader trend trading tools and technical strategies. In this case, this indicator enhances the trader’s ability to identify trend reversals effectively, resulting in more profitable trading results.
Limitations:
- There is a time lag in identifying the highs and lows. Consequently, the entry and exit signals also could be delayed.
- There is a possibility of the last arrow to be redrawn due to the indicator recalculating new data. So, traders should use price action and other candlestick pattern based technical tools or forex price reversal indicators to confirm the signals.
However, the indicator signals complement to provide confluence with other technical trading indicators.
Conclusion:
- To summarize, the A-Gimat reversal indicator is a brilliant forex trend reversal indicator for MT4. It provides forex traders with accurate arrows based trend trading signals. The indicator produces the best results in higher time frame charts. Therefore it is best suited for swing trading.
