TrendVision Pro MT4 – GVT and DSR Levels Indicators

TrendVision Pro MT4 - GVT and DSR Levels Indicators 5

TrendVision Pro : Forex Trading Strategy

Forex trading can be challenging, especially for beginners who are still learning the basics. One way to improve your trading skills is to use technical analysis tools to help you identify potential trading opportunities. In this article, we will discuss a trading strategy based on two popular technical indicators, the Global Volume and Trend (GVT) indicator and the Dynamic Support and Resistance (DSR) Levels indicator.

What are the GVT and DSR Levels Indicators?

The GVT indicator is a technical analysis tool used to identify trends and measure volume in the forex market. It is based on a combination of moving averages and volume indicators, which allows traders to analyze the strength of a trend and potential reversals.

The DSR Levels indicator, on the other hand, is used to identify potential levels of support and resistance. This indicator plots horizontal lines on a chart based on recent price action, allowing traders to identify key levels where the price is likely to reverse or consolidate.

Using both indicators together can provide traders with a more comprehensive view of the market, allowing them to make more informed trading decisions.

Best Time Frame and Pair for this Strategy

The best time frame for this strategy is the 4-hour chart, as it provides a good balance between accuracy and speed. As for the best pair to trade, the strategy can be applied to any currency pair, but it is recommended to choose a pair with low spreads and high liquidity, such as EUR/USD, USD/JPY, or GBP/USD.

 

Best Brokers ListΒ 

The Order TrendVision Pro works with any broker and any type of account, but we recommend our clients use one of theΒ top forex brokers listed below:

BROKER NAMEREGISTERYear Founded Headquartered LeverageMinimum Deposit Regulating
TrendVision Pro MT4 - GVT and DSR Levels Indicators 6Register2007
πŸ‡¦πŸ‡Ί Australia
πŸ‡¨πŸ‡Ύ Cyprus
πŸ‡§πŸ‡Έ The Bahamas
πŸ‡ΈπŸ‡Ώ Seychelles
1:1000$200ASIC, SCB, FSA
TrendVision Pro MT4 - GVT and DSR Levels Indicators 7Register2008
πŸ‡¨πŸ‡Ύ Cyprus
1:Unlimited$10CySEC, FCA, FSCA, FSA, BVI
TrendVision Pro MT4 - GVT and DSR Levels Indicators 8Register2009
πŸ‡§πŸ‡Ώ Belize
1:2000$10CySEC, IFSC
TrendVision Pro MT4 - GVT and DSR Levels Indicators 9Register2009
πŸ‡§πŸ‡Ώ Belize
1:3000$1IFCS
TrendVision Pro MT4 - GVT and DSR Levels Indicators 10Register2009
πŸ‡¨πŸ‡Ύ Cyprus
πŸ‡¦πŸ‡Ί Australia
πŸ‡§πŸ‡Ώ Belize
πŸ‡¦πŸ‡ͺ Emirates
1:1000$5 ASIC, CySEC , IFSC
TrendVision Pro MT4 - GVT and DSR Levels Indicators 11Register2010
πŸ‡¦πŸ‡Ί Australia
1:500$200FCA , ASIC, DFSA
TrendVision Pro MT4 - GVT and DSR Levels Indicators 12Register2011
πŸ‡¬πŸ‡§ England
1:500$25CySEC
TrendVision Pro MT4 - GVT and DSR Levels Indicators 13Register2006
πŸ‡ͺπŸ‡­ Ireland
1:400 $100CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

TrendVision Pro Settings:

TrendVision Pro MT4 - GVT and DSR Levels Indicators 14

How to Trade Using the GVT and DSR Levels Indicators

Step: Identify the Key Support and Resistance Levels

The next step is to identify the key support and resistance levels using the DSR Levels indicator. Look for the horizontal lines that have been tested multiple times, as these levels are more likely to hold in the future. These levels can be used as potential entry and exit points for trades.

Step : Follow the Arrow Buy/Sell Signals

Once the trend and key support and resistance levels have been identified, look for the arrow buy/sell signals that appear on the chart. These signals are generated by the GVT indicator and indicate potential trend reversals.

If the arrow buy signal appears, it indicates a potential bullish reversal. Enter a long position at the key support level identified inΒ  and set a stop loss below the support level.

If the arrow sell signal appears, it indicates a potential bearish reversal. Enter a short position at the key resistance level identified in Step 2 and set a stop loss above the resistance level.

Step 4: Take Profit and Manage Risk

To take profit, use the key support and resistance levels identified in Step 2 as potential exit points for trades. If the price reaches the key resistance level for a short position or the key support level for a long position, consider closing the trade.

To manage risk, always use a stop-loss order to limit potential losses.

The stop loss should be placed below the key support level for a long position or above the key resistance level for a short position.

It is important to note that no indicator can predict market movements with 100% accuracy, and there is always a risk of loss in trading. Therefore, it is recommended to use proper risk management techniques, such as limiting the amount of capital risked per trade and avoiding over-leveraging.

TrendVision Pro MT4 - GVT and DSR Levels Indicators 15

Conclusion

In conclusion, the GVT and DSR Levels indicators can be powerful tools for forex traders when used together in a comprehensive trading strategy. By identifying the trend, key support and resistance levels, and potential entry and exit points using arrow buy/sell signals, traders can make more informed trading decisions and improve their chances of success. However, it is important to always conduct your own research and analysis and to use proper risk management techniques to minimize potential losses.

GVT and DSR Levels Indicators Free Download

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

Get TrendVision Pro

Please rate this Article

TrendVision Pro MT4 – GVT and DSR Levels Indicators
Contents 1 TrendVision Pro : Forex Trading Strategy 1.1 What are the GVT and DSR Levels Indicators? 1.2 Best Time Frame and Pair for this Strategy 2 Best Brokers List 3 TrendVision Pro Settings: 3.1 How to Trade Using the GVT and DSR Levels Indicators 4 Conclusion 5 GVT and DSR Levels Indicators Free Download

5
1
5
3











0
/
5



5



3

Your page rank:



Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.