The Wave Wolf MT4 is a distinctive Forex indicator designed specifically for traders who leverage Wolf waves in their trading strategies. The effectiveness of this trading indicator lies in its unique features, which not only enhance its efficiency but also significantly boost trading profitability.
Key Features of Wave Wolf MT4 Indicator
Unlike other Wolf wave indicators, the Wave Wolf MT4 brings to the table an array of impressive features that markedly amplify its effectiveness.
Open Windows 5Point Parameter
The first feature, Open Windows 5Point parameter, provides extensive information support by broadening the window of the chart displaying the Wolf wave. If you have several charts open, say EURUSD, AUDUSD, and GBPUSD, with the Wave Wolf MT4 indicator installed on each, the chart displaying a detected euro model will automatically be prioritized and brought to the forefront. This proves very convenient for traders dealing with a multitude of instruments.
Built-In Divergence Analysis on the MACD
The second feature is the built-in divergence analysis on the MACD. It enables traders to select parameters of their choice, although the default settings are (12,26,9). Notably, the values of the regular oscillator are not shown on the working window. Instead, they are only reflected in the color of the price label when forming the point (5). If the label color is blue, there’s no divergence; if it’s red, a divergence has been detected by the expert, meaning the signal quality is considerably higher than average.
How to Use Wave Wolf MT4 Indicator
The Wave Wolf MT4 indicator displays the presumed Wolf model for the 4th formed points and the formation area of the 5th point, often referred to as the sweet zone and visualized in yellow. When the price enters or touches the sweet zone, the indicator, based on the settings, either gives a sound signal (Alert_5Point = False) or displays a message (Alert_5Point = True). It also shows a price tag at the top of the candle, with the color depending on whether there’s a divergence between the 5th and 3rd points.
The price tag only appears in the formation zone of the 5th point (sweet zone), accompanied by a sound signal or message, depending on the settings. The emergence of a price tag on the chart signals the right time to enter a position.
Independent Testing and Updates
For those interested, independent testing of the Wave Wolf MT4 indicator is available on the forexroboteasy.com website. Users can also subscribe to receive updates on the testing results of this product.
Share Your Experience
We invite you to share your experience using the Wave Wolf MT4 indicator. Your insights will not only enrich our understanding but will also help other traders make informed decisions.
FAQ
Is Wave Wolf MT4 a unique forex indicator?
Yes, the Wave Wolf MT4 stands out with its distinctive features designed to boost trading efficiency and profitability, especially for traders who use Wolf waves in their trading strategies.
Where can I find independent testing results of Wave Wolf MT4?
Independent testing results of the Wave Wolf MT4 indicator can be found on the forexroboteasy.com website, where you can also subscribe to receive updates on the testing results of this product.
Can I share my experience using the Wave Wolf MT4 indicator?
Yes, sharing your experience using the Wave Wolf MT4 indicator is highly encouraged. Your insights can help other traders make informed decisions.
Note: This is an independent product review. The text is written in the third person and does not contain the words “our” or “my” product.
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