AJ MT4 Support and Resistance Forex Indicator Free Download

You are currently viewing AJ MT4 Support and Resistance Forex Indicator Free Download

AJ MT4 Forex Indicator is a profitable Indicator designed for both Beginner and Advanced traders to succeed in Forex trading. This indicator has been developed basically using the Support and Resistance strategy which is widely regarded as successful trading method by many expert traders worldwide.

The AJ Indicator includes few indicators and a template in the zip file such as.

List Of Indicators included:

  • AJ ARROW.ex4  
  • AJ PerfectZones_AR.ex4
  • Candle_Timer.mq4
  • Don Forex PerfectZones_AR.ex4
  • fxr_sr_zones_3.24.ex4
  • SS_SupportResistance_v04c-original-mod.ex4
  • Trend_line.ex4

List Of Templates included:

  • AJ Trader Indicator System.tpl

Once you install the indicator on your MT4 platform, you will see blue color bars at support levels and red color bars at resistance levels.at the bottom of the chart a yellow color line shows the market movements, as well as the status of the support and Resistance levels shows in text such as strong or weak. There is a timer also to indicate the time for the next candle starts.by using the combination of these indicators’ traders can obtain accurate buy and sell signals. 

If you are eager to start trading with the AJ forex indicator, there are a few essential points you will need to keep in mind. We have given them below for your convenience, so read them carefully before you begin trading. With these important tips in mind, you will be on your way to achieve success in the forex, Binary and Crypto trading.

  • Please note that this indicator is only compatible with MT4 and does not work on MT5. 
  • We recommend trading any major currency pairs, but all currencies can be traded. 
  • Traders can use any Time Frame with this indicator, but our recommendation is to trade in 15M and higher time frames to get an optimal result 
  • It’s important to avoid trading during significant news events if you have not experience in News Trading (Some experienced traders use these newsies to trade)
  • If you are interested in maximizing your profits through forex trading, be sure to check out Tradeszee EDU Hub. Learn how to trade forex effectively and make high-profit trades.

If you want to trade forex, binary options and crypto with confidence, there are few prerequisites that you need to fulfill. We have provided them below and what you need to do is read and follow them carefully before you begin trading. Once you successfully complete these prerequisites, you can start trading with confidence. 

  • Choose a reputable forex broker from the Recommended Brokers list.
  • Ensure that you have a reliable method for depositing and withdrawing funds to and from your trading account. The Deposit and Withdrawal Guide can provide useful information in this regard.
  • Download free forex indicators, free binary option indicators, free expert advisors, and free forex and binary strategies from the Tradeszee website and Install them on MT4 Platform. Refer to the Download and Install Guide.

If you want to improve your forex trading performance, we never recommend relying solely on indicators or signals, instead we suggest using a combination of indicators, strategies, and your own trading experience to increase the accuracy and profitability of your trades

  • Indicate Strong Support Level (Huge Blue bar)
  • Yellow line is below and start turning to up
  • Indicate Strong Resistance Level (Huge Red bar)
  • Yellow line is above and start turning to down

Indicators and trading systems have been developed by their developers based on their own strategies and methods, and they may not be 100% accurate at all the time. However, you can improve signal accuracy up to 100% with your own methods and strategies. Refer to the following methods to improve signal accuracy 

  • Use default MT4 indicators with the installed custom indicator. For example, you can use the Bollinger band indicator or the MA (Moving Average) indicator to identify short-term and long-term market trends. There are many great MT4 /MT5 indicators that can be used on the MT4/MT5 platforms. 
  • Using trendlines can also identify the trends and reversal points. 
  • Draw support and resistance areas over a wide range to understand the long-term reversals 
  • Another popular method is using candlestick patterns. learn and use candlestick patterns to improve the accuracy of a trader’s entry.
  • Analyze the chart in various time frames such as 1M, 5M, 15M, 30M ,1H and 4H etc. this allows traders to understand how the market moves in different time frames.
  • Check newsies and avoid trading during that high-impact news time period (some traders use these times to trade, but inexperienced traders may be at risk)
  • Learn forex trading before starting with a live trading account. Every trader can get a complete forex education via Tradeszee EDU Hub. this way, you can analyze the market with better knowledge.

If you follow these tips and guidelines, you can improve the quality of the signal that the indicator provides.

Forex trading is really risky and challenging, but it is not impossible. The only thing that you have to keep in mind is having knowledge, experience and practice. then you can be involved in this sector with confidence. If you can follow this advice, you can gain more benefits and profits through trading. 

You can download more indicators, expert advisors and trading systems from this website for 100% free. Refer to the following links to get them

  • Free Download MT5 (Meta trader 5) Forex Indicators
  • Free Download MT4 (Meta trader 4) Forex Expert Advisors (MT4 Forex Robots)
  • Free Download MT4 (Meta trader 4) Binary Options Indicators
  • Free Download MT5 (Meta trader 5) Binary Options Indicators

Free download AJ MT4 Forex Indicator from the following Button