The RIS Solar system MT4 indicator provides a complete forex trading solution.
The RIS Solar indicator gives you the buy or sell entry price together with the suggested stop loss and take profit level.
Make sure to enable the “enable Robo” setting from the indicator’s inputs setting to put it to work.
- A blue arrow represents a buy signal
- A red arrow represents a sell signal
Of course, you can determine your own take profit and stop loss levels.
The AUD/CHF H4 chart below displays the RIS Solar system Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the RIS Solar system MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open a buy trade when a blue RIS Solar system arrow appears on the chart.
Place a stop loss and take profit price according to suggested level for the buy trade.
Alternatively: Place a stop loss 2-3 pips below the most recent support level or use your own preferred method.
Sell Signal: Open a sell trade when a red RIS Solar system arrow appears on the chart.
Place a stop loss and take profit price according to suggested level for the sell trade.
Alternatively: Place a stop loss 2-3 pips above the most recent resistance level or use your own preferred method.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (enable Robo, period, smooth, alert) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Copy and paste the RIS SolarSystem.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)