Description

Supreme Diamond Indicator V1.10 MT4 (NoDLL)

• Overview:

  • The Supreme Diamond Indicator is a multi-timeframe tool based on a combination of reversal and trend trading strategies.
  • It provides buy and sell signals with alerts, ensuring timely execution of trades.
  • Notably, the indicator does not repaint or back-paint, and signals are not delayed.

• Signal Modes:

  • Diamond Mode: This mode filters signals and provides the best possible entry points. No adjustments to diamond signals are allowed.
  • Normal Mode: In this mode, Bollinger Bands settings are activated, following a Bollinger Band strategy.

• Trading Strategy:

  • Entry Signals: When the Supreme Diamond Indicator generates a signal, consider entering a trade.
  • Stop Loss (SL): Set the stop loss at the previous low (for sell trades) or previous high (for buy trades).
  • Take Profit (TP): Aim for a minimum 1-to-1 risk-reward ratio (RRR).

• Recommended Timeframe:

  • Any timeframe can be used effectively with the Supreme Diamond Indicator.

• Parameters:

  • Time Frame: Choose the timeframe to display signals (applicable in normal mode only).
  • Bands Settings: Adjust Bollinger Bands parameters (normal mode only).
  • Use Best Entry as Diamonds?: Enable diamond mode for optimal performance.

Download and Installation:

• You can download the Supreme Diamond Indicator V1.10 MT4 NoDLL from our website: https://yoforex.org/product/supreme-diamond-indicator-v1-10-mt4-nodll/
• For installation instructions, refer to the provided MT4 files https://yoforex.org
• For real-time updates and discussions, join our Telegram channel:  https://t.me/yoforexrobot

 

Remember to exercise caution, stay informed, and use proper risk management techniques.

 

📈🦈Happy Trading 📈🦈