Trading Using Volatility
How to trade using Volatility
Here you will find the instructions for using the Volatility Indicator along with the Slope Direction Line Indicator Expert Advisor on your Metatrader 4. Please read the description of the inputs and decide for yourself the risk you would like to take for each trade the expert will open for you.

Requirements

Metatrader 4

Download the files

  • Download the indicator files from this zip file Destiny_volatility_indicator.zip
  • You will find the Destiny Volatility Indicator and the Slope Direction Line indicator in this zip file

Installation

After downloading and extracting the files from above, follow the instructions below.

Step 1

  • Save the Destiny Volatility Indicator and the Slope Direction Line Indicator to C:\Program Files\Broker Name\experts\indicators

Step 2

  • Close out the Metatrader 4 interface and reopen it

Setup Instructions

  • Double click on Destiny Volatility Indicator in Navigator Window
  • Tick Alerts: This input is set to 5. This means that when their is 5 ticks of the price in 1 second you will be alerted by an alert box
  • Click OK
  • The Indicator will now be attached to your chart
  • Attach the Slope Direction Line to your chart using the same method described above

Inputs

  • Try adjusting the Tick Alert input for the Volatility Indicator according to your brokers speed. Some brokers are faster then others and you will see more or less alerts according to each specific broker so test this for a few days to see how the indicator is responding,

Determining trade direction

Once the Volatility Indicator will give you and alert and also show your a red arrow on the chart showing us the price volatility has picked up we need to make a logical choice on what the direction we need to place the trade. We can do this with the Slope Direction Indicator. This indicator will give us the general trade direction because we would like to open our trade in the direction of the prevailing trend. If the trend is up the indicator will show a light-blue line or if the trend is down it will show a Red line.

Use this trade set up at the beginning when you see the volatility pick up for the first time in a trading session

Trade example on GBPJPY

Money Management

Open a 0.1 lot trade per $1000 in your account balance and try to take as many pips as possible. This is usually good for 20-100 pips. Look at possible areas of resistance such as a 00 price level or other basic resistance levels

Trading in the off exchange retail foreign currency market is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this presentation is a recommendation to buy or sell currencies and DigitalNet LLC is not liable for any loss or damage, including without limitation, any loss of profit which may arise directly or indirectly from the use of Destiny software..

Disclaimer: Trading the forex market with or without using leverage is risky. One should not use funds which he or she can not afford to lose. Past performance is not always a good indication of what will occur in the future.

What's New?

30 Pips Indicator

30 pips indicator is a powerful new custom indicator that calculates the exact trade entry for you. It uses the best 3 trade setups and alerts you to the trade opportunity. GET A FREE TRIAL This indicator automatically uses pivot points, moving averages and CCI and factors them into the trade. This give you the highest probability of the very best trade entry. You can get a free trial and try it for yourself. Works at any broker that uses the Metatrader platform. This indicator will show you when to get into the market when a big move is coming. If you want this indicator for unlimited use we have a program that will let you have it free.

New Premium Indicator for Metatrader!

Volume Scalper is a next generation custom indicator that takes into account volume and pattern recognition to alert you to the highest probability trade opportunities. GET A FREE TRIAL This indicator is so advanced you will have to try it out and see what it can do for your trading. Volume is the key element that drives the forex market and this indicator will alert you at the best time for the most profitable trading opportunities.

Powered By: Webqueue Solutions

Call us and ask questions

This is very likely the opportunity you have been waiting for. You will have questions and we can answer them. We will give you information on how to work from your own home using this brand new software. Call us at 440-449-0291 we will answer any questions you have.

Forward testing results

Click here to see the actual performance of destiny. This is the most reliable form of testing a trading system as it shows you what is actually happening and how much money you would have made had you used the destiny expert advisor.

Mortgage Rates