Forex Line Indicator Download MT4 – 100 % Accurate Signal

Forex Line Indicator Download:

QMT has absorbed the main aspects of technical analysis trading and is a full-fledged mechanism with which you can not only receive high-quality signals but also, in principle, see the mood of the market.

‼️Today in the chat they were interested in the New line of QMT A drives, so far there is no information about them. Check out the previous version. An interesting indicator, with a lot of filters. Instructions in the archive.

Forex Line Indicator Download Free

without binding
⏰tf m5, m15
does not draw (signals appear online)
any assets

Indicator QMT 2.0

unlimited
non-repaint
⏰timeframe 5min 15min

Forex Line Indicator Download

Best Brokers List 

The Forex Line Indicator works  with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Forex Line Indicator Settings

Forex Line Indicator Download Free

Forex Line Indicator Download

The drive was created primarily to solve three problems of indicators and the ability to trade with any market change.

What are the problems of indicators:

First. This is an attempt to put the market in a certain framework. Strategies mainly work according to a certain pattern and in the overall picture of the market they are one of the puzzles, as soon as the picture changes, the puzzle ceases to fit and the indicator no longer shows the statistics that it was before and a new cycle of searching for the best signals begins

Second. This is the difficulty of choosing a good entry point. One way or another, no matter how good the indicator or strategy is, in order to always be in the black, the trader has to select signals. No matter how much the indicator is touted, no matter what win rate it has for a week in the long term, without the selection of signals, and without analysis, the indicator will not show the desired results. The trader has to apply knowledge or other systems in order to make a selection from the indicator signals. But this can be problematic. Most indicators show that some condition has been met, and we get a signal, but it can be difficult to understand whether it is worth taking it or not just because a separate indicator does not show many other important factors

Third. This is the very influence of indicators and strategies on the trader. Surprisingly, the presence of an indicator or signals in a trader does not lead to trading at all, but to the search for other better instruments, or to the complication of the latter.

Forex Line Indicator Download Free

The drive solves these problems of indicators due to the fact that it is based on fundamental principles

• Liquidity levels
• trend
• End-to-End Multiframe Analysis
• Price reaction/state

Forex Line Indicator Download Free

And due to the fact that in the future it will acquire new, roughly speaking, signals.

Trading is a choice, in the end, it all comes down to the fact that we decide to open a trade or not, QMT aims to ensure that any signal is just the right choice.

INDICATOR SIGNALS

We receive signals from levels, while one alert will appear in the future other types of alerts

From levels on the current timeframe

Forex Line Indicator Download

In addition, levels of the higher timeframe can pass through the levels, which are taken from H1 H4 D1 times in the form of horizontal levels

Forex Line Indicator Download Free

And dotted lines are pivot lines and round levels

Forex Line Indicator Download Free

Their color can be chosen in the settings.

Forex Line Indicator Download

On the right, we are first shown a trend panel, which shows a weekly, daily, and four-hour candle. If the candle is bullish, the trend is up; if it is bearish, the trend is down. If some kind of dodge or spinning top means flat. We can also determine by the shadows where the trend is moving.

Forex Line Indicator Download Free

We can also change the style and colors in this panel in the settings

Forex Line Indicator Download Free

This panel shows us well where the market is moving.

At M15 we look at the weekly and daily candles. If the candles are up, the trend is up on a weekly or daily candle (the color of the up and down candles is set in the screen settings above)

On M5 a daily and four-hour candle On M30 and above only a weekly

Below is another panel with the readings of standard indicators. From top to bottom - stochastic, rsi, CCI, ADX

Forex Line Indicator Download Free

Style, colors in this panel, we can also change in the settings

Forex Line Indicator Download Free

Another important setting is the level length.

Forex Line Indicator Download

It should be touched, in principle, for only one reason - you have too many signals. When it is turned on, the levels on the chart become smaller and they are more reliable. The value can be set immediately 30-40

Forex Line Indicator Download

Let's move on to the signals themselves

Trading is best done on the M15 and M5 timeframes. I highly recommend the M15, you will have enough signals and the result will be better.

The signal comes in advance in a minute and it is not redrawn, the entry is after the candle closes

When we receive a signal, we look at the Trend signal:

• On M15, a daily or weekly candlestick shows a trend toward the signal (up or down, the color is set in the settings) on M5, a four-hour or daily candlestick shows a trend toward the signal. This is the first and most important factor that we are looking at. So the signal, in principle, according to the trend, then we look:
• A line of a higher timeframe or a pivot or a round level passes through the level (colors are set in the settings) or standard indicators show us the possibility of entering.
  

  Not trending signal:

• The signal is clearly against the trend, all candles show the opposite direction, then we look:
• Levels of the higher timeframe pass through the level (horizontal levels H1, H4, D1, round or pivot, colors are set in the settings).
• Standard indicators (panel on the right) show the possibility of an entry, but the more extreme the values, the better. As for the indications of the indicators, it is enough that at least one of them indicates the possibility of entry and not all of them at the signal
• The Stochastic is above 80 (for a down signal) or below 20 (for an up signal), the higher and the lower the better. Personally, I look at values ​​​​between 90 and 10
• The RSI is above 70 or below 30. Again, the higher or lower the better.
• CCI above 150 or below -150
• ADX over 40-50Then, in principle, you can take signals against the trend.In principle, nothing complicated, the drive shows at once all and only important information for us.

  Trading is even easier than reading instructions. For example, we received a signal

  Forex Line Indicator Download

   

  All candles are down in the panel on the right, that is, the trend condition is not met

  No levels of senior halves pass through the level, there are no accumulations.

  Already two conditions have not been met, so it’s better not to enter (by the way, the signal really closed in the red)

  Another example

  Forex Line Indicator Download

   

  Senior halves do not pass through the level, so-so level. But the daily candle also shows up + ADX shows a high value, so you can basically pick up this signal (by the way, it closed positively)

  Another example

•  

  Forex Line Indicator Download Free

   

  The signal is completely against the trend. But in the level, there is a real accumulation here and a level from H4, H1, and a round level, and from standard indicators, a stochastic is striking, only 6. We take a signal without looking.

  Forex Line Indicator Download

  Let's summarize

  At a signal, discarding the time of trading, news, and a signal candle (let's say everything is fine with this), we look at the trend, the accumulation of older times, and at the readings of standard indicators. If more than one condition tells us to confirm the signal, we take it.

•  

  In addition, of course, important fundamental factors must be taken into account. This is very important, at the opening/closing of sessions or on the news, it doesn’t matter what the drive shows, you can’t take signals, so:

• It is better to trade from 12 to 16, from 17 to 18, from 19 to 21
• Do not trade during strong news
• Do not take a signal if the candle has an abnormally long shadow
• Don't be greedy, we took a couple of good signals and that's enough for today
• Do not suck good entries out of your finger, if today the market does not give good signals, then it is better not to trade, the market will be tomorrow
• Do not take signals from a level that has already been worked out

Filtering by the drive of other indicators

You probably have a bunch of indicators to give them a second life. The drive can be used to filter your arrows, so it must be in your trading portfolio.

At the signals of your indicators, we look for it to be from the level of the drive so that it follows the trend and also looks at the indicator readings. In general, everything is the same, but if the signals of your indicator are completely or very rarely

coincide with the drive levels, then we look only at the panels on the right trend and indicator readings

Forex Line Indicator Download

We highly recommend trying the Forex Line Indicator with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.

Get Forex Line Indicator