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ADR Indicator MT5

Original price was: $299.00.Current price is: $0.00.

The ADR Indicator for MT5 is a powerful tool that enhances trade exit strategies. It calculates the Average Daily Range (ADR), which represents the price range within a specified period. By measuring the difference between the current price and the upper and lower extremes, it helps traders set realistic profit targets. The ADR indicator also predicts top and bottom points based on the 5-day ADR, aiding in decision-making.

Description

Unlocking Profit Potential with the ADR Indicator MT5💫💫

The ADR Indicator MT5 is a powerful tool that enhances your trade exit strategy. By measuring the average daily range (ADR) of a currency pair, it helps you set realistic profit targets and identify potential turning points in the market.

Recommended Settings

  • Minimum Deposit: $500
  • Timeframe: H1 (1-hour chart)
  • Currency Pair: EURUSD

Key Features

  1. Average Daily Range (ADR): The indicator calculates the ADR based on a specified period (usually 20, 10, or 5 days). It shows the price range within this period and projects the top and bottom points of the price.
  2. Realistic Profit Targets: Use the ADR to determine whether your take profit level is achievable. It provides insights into how far price can move within a given time frame.
  3. Directional Information: The indicator displays positive or negative movement, helping you assess price direction.

ADR Indicator MT5

ADR Indicator MT5

Strategy

The ADR Indicator MT5 doesn’t provide trend or momentum signals, but it’s a valuable tool for optimizing your trading decisions. Here’s how to use it effectively:

Long Position

  1. Entry Point: Open a buy position when your profit target aligns with the predicted top of the ADR indicator.
  2. Take Profit: Set your take profit level just below your forecasted top.
  3. Stop Loss: Place your stop loss a few pips below the entry point (preferably below the recent swing low).

Short Position

  1. Entry Point: In a short trade, the take profit should be above the forecasted bottom.
  2. Take Profit: Set your take profit level above the projected bottom.
  3. Stop Loss: Position your stop loss above the recent swing high.

 

Remember, trading involves risk, and past performance is not indicative of future results. This bot could be your ticket to success—so trade wisely and soar in the Forex world!

Stay Updated

Join our Telegram group: YoForexPremium for real-time settings, support, and discussions.
Visit our website https://www.yoforex.org/ for additional resources and insights.

 

Additional Resources :

Instant Download : https://yoforex.org/product/adr-indicator-mt5/
Contact:  @yoforexpremium

😎💫Happy Trading💫😎

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