All Blogs / Other

How to Trade with the Matrix Arrow Indicator MT4/5

6 April 2023, 09:46

858

✔️ Matrix Arrow Indicator MT4©: https://www.mql5.com/en/market/product/69726

✔️ Matrix Arrow Indicator MT5©: https://www.mql5.com/en/market/product/69725

✔️ Matrix Arrow Indicator Multi Timeframe Panel MT4©: https://www.mql5.com/en/market/product/75010

✔️ Matrix Arrow Indicator Multi Timeframe Panel MT5©: https://www.mql5.com/en/market/product/75011

✔️ Matrix Arrow EA MT4©: https://www.mql5.com/en/market/product/70812

✔️ Matrix Arrow EA MT5©: https://www.mql5.com/en/market/product/70813

If you need support I am always happy to help you.

Profile page: https://www.mql5.com/en/users/eleanna74

Email: info@juvenille-emperor.com

The Matrix Arrow Indicator MT4/5 is not a miracle indicator that predicts the market, but a REAL indicator that reads the current market conditions and gives 100% non repainting entry and exit signals that are very helpful in your manual or algorithmic trading. The Matrix Arrow Indicator MT4/5 never changes/repaints its signals or delete old false signals, like other popular indicators do in order to show a perfect chart afterwards.

My general advice is that when you see some confusing or not clear signals in one timeframe, change to another in order to find the one that gives the best signals at the current market conditions. For example in this EURUSD H1 chart, the market is extremely indecisive and gives opposite signals that are not really helpful:

But if you change to M5 for example, the market movement is calmer and the Matrix Arrow Indicator MT4/5 entry arrow/exit dot signals are much more profitable and make better sense. So, the best use of Matrix Arrow Indicator MT4/5 is to scan all symbols and timeframes in order to find those that perform better under the current market conditions and go with them. Do not force yourself into setups that don't look profitable in the eye and don't make sense...

What I am trying to say is that a real non-repainting indicator like the Matrix Arrow Indicator MT4/5 gathers information from 10/11 standard indicators to form arrow signals for the current trend. But if the market changes direction rapidly because some news or official statement has been released, that can't be predicted.

For example in this EURUSD M5 chart the red arrow in the circle, shows that all information from all 10/11 indicators show that the trend is going down, so a red sell arrow is formed. But a few candles later the US NFP news are released and the price after an initial jerk knee downwards, it changes direction going up fast. This change of direction cannot be predicted by any real indicator, because nobody can know the news in advance.

On scam repainting indicators, you see the red arrow in the circle and then later when the price goes fast up and you refresh your chart, the red sell arrow has been vanished and you only see the blue up arrow. That is called repainting and that is something that your Matrix Arrow Indicator MT4/5 will never do, so at your chart you will see all Matrix Arrow signals, as they were initially formed.

Another Example

When a timeframe doesn't give good signals you should change to another. If you see the M5 and M15 timeframes of these GBPUSD charts, you will realize that are confusing, because the price/trend changes direction every few hours.

M1 and H1 are not bad, their signals are not so confusing, so you could try trading those. If you trade in a very low timeframe like M1, your trading style will be scalping for a few pips of profit, having at the same time a quite larger stop loss level that will give your trades some room to develop, but protect you also from sudden changes of direction in the market.

But the best signals in this day's GBPUSD charts are present in the 30 minutes timeframe. So if you go through all above timeframes with some care, you will notice that the best timeframe for that period to trade should be the M30 chart. The M30 timeframe is also giving you the benefit of time in your trading decisions, your trades will last from some hours to a couple of days and your take profit and stop loss levels will be quite far away in order not to be easily hit with small moves of the market.