The KG Target Points MT4 Indicator is a technical analysis tool used by traders to identify potential price levels in the financial markets. It was developed by Khaled El-Aref, also known as ‘KG,’ and is widely used among forex and stock traders who rely on price action strategies.
Indicator Description
The KG Target Points MT4 indicator offers several features and benefits that make it a valuable addition to any trader’s toolbox. Firstly, it helps traders identify key levels (pivot points) where prices are likely to reverse, making it easier for them to enter or exit trades at the right moments.
But more importantly, the KG Target Points Forex Indicator provides suggestions for TakeProfit levels, three for buy trades, and three for sell trades. There are also ideas for StopLoss levels. All that data is placed on the left side of the chart.
Indicator Installation
1. Unzip the file you’ve downloaded.
2. Find the file that is called “kg-target-points.ex4″ and copy it.
3. Open your MT4.
4. Go to “File – Open Data Folder – MQL4”.
5. Paste the file into the “Indicators” folder in MQL4.
6. Restart your MT4.
After the installation, your trading chart will look like this:
Best Practices and Tips for Using the KG Target Points Indicator
The KG Target Points Forex Indicator works great on all kinds of timeframes and currency pairs. However, like any technical analysis tool, it should not be used in isolation but rather in conjunction with other indicators and fundamental analysis to make well-informed trading decisions. For example, you can use your favorite signal indicator and then take target levels from the KG Target Points Indicator.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
Conclusion
In conclusion, the KG Target Points MT4 Indicator is a valuable addition to any trader’s toolkit. It can help identify good TakeProfit and StopLoss levels, which are very important while trading. However, it is important to use this indicator alongside other technical tools and employ proper risk management techniques for successful trading outcomes.
P.S. Have problems with installation? Email me at olivermurphy@altraforex.com or support@altraforex.com
I would love to help!
P.S.S. Check out software by Altra Forex Group here
Hello, dear Oliver Murphy
You are a generous man. I emphasized many times that you are generous. Thank you and the accompanying team for the free indicators.
Mazaher
thank u..
Thanks for sharing your best with the needy