Trader Wawasan is a forex trading strategy. Trader Wawasan looks similar to a parabolic SAR indicator, but it is a customized version called Trader Wawasan. The system is straightforward to understand and easy to trade with. Trader Wawasan is a trend-following strategy, so it is not appropriate to use this system to trade in a flat market. It works perfectly in a trending market. The system consists of nothing more than a line that appears below and above the market chart. Whether the line appears above the mt4 chart or below the chart, it can’t appear both simultaneously. This means based on this Trader Wawasan indicator, whether you can short trade or long at a time but never both. If you do so, that will be going against the rule of the Trader Wawasan forex trading system.
Don’t overthink, and keep it simple with the Trader Wawasan indicator, and you will make good money consistently. You should make sure that the mt4 market is trending. Be careful and watch out for possible reversal probabilities around your entry zone. We can do that by having a glance in a higher time frame. Can use the system in any time frame and currency pair. Use your forex leverage wisely and have money management strategies ready. Set your risk to reward ratio(R: R) to at least 1:2. Make your forex trading plan and stick to it. If you follow all these given rules disciplines, you will make money.
When the forex trading system is correctly loaded on your mt4 trading platform, your mt4 chart should look like this:
You can check in the given image that the Trader Wawasan indicator moves above and below the mt4 price chart. When the market is bullish, the Trader Wawasan indicator is below the price chart, and it is white, and when the market is down, Trader Wawasan is above the price chart and is orange in color.
It is safe to buy when an indicator white Trader Wawasan alert appears below the mt4 chart. You can hold the running trade as long orange Trader Wawasan doesn’t appear above the price chart. Conditions are the same as the selling.
Buying Conditions Using System
- The major trend should be up. I can figure out that by looking at the chart.
- White-colored Trader Wawasan should appear below the price chart.
- The candle should be bullish.
- Place your stop loss(SL) just below the recent swing low.
- Take your profit when an orange color Trader Wawasan appears above the chart.
Selling Conditions Using System
- The major trend should be down. I can figure out that by looking at the chart.
- Orange-colored Trader Wawasan should appear above the price chart.
- The candle should be bearish.
- Place your stop loss(SL) just above the recent swing high.
- Take your profit when white-colored Trader Wawasan appears below the chart.
Trader Wawasan Forex Indicator Free Download