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Kumaresan System Indicator MT4 (Works on Build 1420) | Forex MT4 Indicators

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Kumaresan System Indicator MT4 (Works on Build 1420) | Forex MT4 Indicators

$9.99
0 ratings

The Kumaresan System Indicator is designed for forex trading. It focuses on the 5-minute timeframe and works with currency pairs like AUD/USD, EUR/USD, GBP/USD, and GBP/JPY. When considering long positions, it looks for bullish signals when the price is in the bottom half of the Bollinger band and the RSI is converging from the bottom and has crossed in the 5-minute chart.

The Kumaresan System IndC is a scalping strategy designed for the forex market. It focuses on short-term trades and aims to capture quick profits. Below, I’ll provide details on how to use this indicator effectively:

Strategy Overview:

  • Time Frame: 5 minutes
  • Pairs: AUD/USD, EUR/USD, GBP/USD, GBP/JPY
  • Key Indicators: Bollinger Bands (BB) and Relative Strength Index (RSI)
  • Entry Signals: Look for specific conditions in the Bollinger Bands and RSI to determine whether to enter a trade.

Long Position (Buy):

  1. Bollinger Bands: The first consideration is the Bollinger Bands. Look for price oscillations within the bands, either in the top half or the bottom half.
  2. Price Position: For a bullish signal, the price should be in the bottom half of the Bollinger Bands on the following timeframes: 4 hours, 1 hour, 30 minutes, and 15 minutes.
  3. RSI Convergence: Check the RSI in the next panel. It should be converging from the bottom and have crossed in the 5-minute timeframe.
  4. Symbol Confirmation: Look for the “3” symbol on the chart.
  5. Trade Execution: Enter a BUY position in the next candle.

Short Position (Sell):

  1. Bollinger Bands: For a bearish signal, the price should be in the top half of the Bollinger Bands on the same timeframes (4 hours, 1 hour, 30 minutes, and 15 minutes).
  2. RSI Convergence: The RSI should converge from the top in the 15-minute timeframe and cross in the 5-minute timeframe.
  3. Symbol Confirmation: Again, look for the “3” symbol on the chart.
  4. Trade Execution: Enter a SELL position in the next candle.

Strategy Overview:

  1. Bollinger Bands: The primary focus of the Kumaresan System is the Bollinger Bands indicator. Traders should pay attention to price oscillations within the Bollinger Bands.
  2. RSI (Relative Strength Index): The RSI helps gauge the strength of a trend. Look for converging RSI signals to confirm potential trade setups.

What’s in the package?

  • Indicator : Kumaresan System MT4

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Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an 'as is' basis and only the version mentioned is being sold.

All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.

EA updates are thus not automatic and not guaranteed.

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Last updated Jul 3, 2024

Buy The Kumaresan System Indicator is designed for forex trading. It focuses on the 5-minute timeframe and works with currency pairs like AUD/USD, EUR/USD, GBP/USD, and GBP/JPY. When considering long positions, it looks for bullish signals when the price is in the bottom half of the Bollinger band and the RSI is converging from the bottom and has crossed in the 5-minute chart.

Install Type
Fix, No DLL
Categories
Expert Advisors
Platform
MT4 (Build 1420)
Delivery
Instant Download
Size
204 KB
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