![]() Now go to the left side of your MT4 terminal. You can gain access to this folder by clicking the top menu options, that goes as follows:įile > Open Data Folder > MQL4 > Indicators (paste here). How to set up the TRSI indicator in MT4?Ĭopy and paste the TRSI Indicator.mq4 or TRSI Indicator.ex4 indicator files into the MQL4 folder of the Metatrader 4 trading platform. Place your stop loss a few pips above last swing high.Įxit Trade / Take Profit: Close your open position when the opposite signal appears, or use your own preferred method of trade exit.Īs always, to achieve good results, remember about proper money management. The price should reverse from now and you should be looking for short trades. Sell Entry: When the TRSI indicator reaches 70 level and above. Place your stop loss a few pips below last swing low. ![]() The price should reverse from now and you should be looking for long trades. ![]() How does it work? How to apply in trading?īuy Entry: When the TRSI indicator reaches 30 level and below. Feel free to experiment with the settings and parameters to fit your personal preferences. The default indicator settings can be modified directly from the input tab. ![]() It fits all kinds of timeframes and currency pairs. The indicator is displayed in a separate window placed just below the main trading chart. The TRSI Indicator is a custom forex oscillator that consists of the EMA, SMA, and RSI. ![]()
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