The Dosos M1 Forex Indicator System is a scalping forex strategy for the M1 timeframe. It shows a curved RevWave price channel along with the forex DeMarker oscillator. The buy entry trade opportunity happens when the slope of that channel is upwards, the chart price drops below the lower yellow color band, and the oscillator drops below the yellow line. Conversely, the sell entry trade opportunity occurs when the slope of that chart channel is downwards, the chart price rises above the upper yellow color band, and the oscillator rises above the yellow line.
The Dosos M1 Forex Indicator System fits the M1 timeframe and all mt4 currency pairs. It is shown directly on the main trading chart and in a window below it. The main default settings can be modified directly from the input tab. Feel free to test the settings and parameters to fit your preferences.
Set up the Dosos M1 Forex Indicator System in MetaTrader (MT4).
Download the Dosos M1 Forex System.zip archive at the bottom of this post, unzip it, then copy and paste the forex indicators files of the Dosos M1 Forex System into the MQL4 folder of the MT4 forex trading platform.
You can enter this Data folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators.
Furthermore, to run the Dosos M1 Forex System, you must copy the template file into the templates folder. To proceed, right-click on a chart, then Template > Open Templates, and copy the Dosos M1 Forex System.tpl file into that folder. Next, select the file and click Open to load the system on your chart.
The Dosos M1 Forex System is well worth adding to your trading collection. A good forex strategy will enhance your chance of success. Nonetheless, remember to have realistic expectations. Like any other forex technical analysis tool, is not capable of providing accurate entry signals 100% of the time. Thus, this forex trading indicator system provides false entry signals sometimes. Its performance will change depending on market conditions.