This is a great indicator to get signals about future reversals. This is a custom indicator. All credit goes to the original developer. I have seen several versions of this MT4 Indicator such as Vostro_+_2010, Vostro_+_2012, #Vostro_V6_2012, VSD_Vostro 2012. But my favorite one is VOSTRO111.EX4. This is the Indicator I’m going to use in this strategy
I heard that this indicator is a collection of Some Reversal Indicators. As we don’t have the Source code we can not tell exactly. But Rumors say it’s consist of RSI, CCI, %R and some other reversal indicators. When all these indicators are the above-oversold level of 20 or overbought level of 80 this indicator plots a spike. I’m 100% sure you’ll love this indicator and you’ll add it to your favorite strategy. It’s not an easy way to find out better strategies. Here you can see how I came into this with lots of looses.
Indicators used : Vostro indicator ( ($9.99 Only + Instant Download) )
[wc_quick_buy_link product=”982″ label=” Quick Buy ” qty=”1″ type=”button”]
Time Frame: 5M
Expiry Time: 5M
Entry: 2-3 Seconds Before Previous Candle Expiry
You need to set up your charts like below ;
Len : 4
Simple. just wait for the spike. When you see it, trade in opposite directions. I use length as 6 but the default value is 4. You can test different lengths and Different Time Frames. Always do experiments and I guarantee you one day you’ll find the perfect strategy. That’s what I did. Don’t ever give up. If I can do this. Definitely, you can do it.
NOTE: This article is not about investment advice.