Best Trading Indicators Metatrader 4 I use to trade Bitcoin and Altcoins Part 1

2년 전

Copy of cripto influencer.jpg

Hello Steemians,

Hope everything is well out there traders, in this edition I would like to share one of my top indicators I use to trade and monitor Bitcoin and Altcoins on a daily basis. I will make this a series of posts, where I will share one by one my most used indicators, so stay tuned and use steemit.

There are many platforms and websites to trade BTC out there, personally I use Metatrader 4 (demo) to setup my monitoring station and use websites such as BITMEX to execute my orders. I have been using MT4 for more than 10 years and I love it!

In this series part 1 I will be sharing one of my top indicators I use on a daily basis...

If you don't know what is MT4 check there official link

https://www.metatrader4.com/

If you don't have a demo MT4.... i recommend...

  1. Avatrade demo (includes CFD's for BTC, LTC, ETH, XRP). I personally dont recommend buying CFD's, just buy the real stuff on an exchange, I use the platform for Technical analysis and overall strategical decisions.

Broker Link....

https://www.avatrade.com/

  1. Pepperstone demo account - same story

Broker Link....

https://pepperstone.com/en/

Here you can use your demo account for 90 days and it includes some crypto instruments as mentioned before. After the demo period expires, just open a new one with the same account, very simple.

After installing and setup your demo account now you can install my Top indicators I use on a daily basis....

Here is a simple video on how to install the .mq4 file on your MT4 platform....

After your setup and installation....

Here is one of my top indicators I use to monitor and make decisions on BTC markets

  1. SuperTrendUpdated

Here is a snapshot of how it looks.....
BTC/USD DAILY
Snap 2019-05-04 at 10.44.56.jpg
LITECOIN/USD DAILY
Snap 2019-05-04 at 12.16.57.jpg
DASH/USD DAILY
Snap 2019-05-04 at 12.17.32.jpg
ETHEREUM/USD DAILY
Snap 2019-05-04 at 12.17.58.jpg
BITCOIN CASH/USD DAILY
Snap 2019-05-04 at 12.18.28.jpg

Why I use it?

It is a great way to see if basically the momentum or trend is upwards or downwards and even includes stop areas (the dots)
It kinda looks like a Parabolic SAR but more advanced.
I don't use it as an entry signal
I do use it as an exit signal sometimes
Does not Re-paint

Best Time frame to use it?

I have found that it works best on the daily and weekly charts.

Download Link on MT4

Supertrendupdated Indicator

https://www.mql5.com/en/code/22750

All the best in the crypto trading pits!

---NOT FINANCIAL ADVISE----

Please upvote, comment and share if you would like to see more of this!

@turtle-trader

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