If you already have an MT4 account with another provider but would like to trade with Optimus Futures and IG, you will need to register with Optimus Futures by creating a live IG account. However, you can then log into your pre-existing MT4 platform with your IG credentials, which will preserve all of your chart data and analysis. Build your own algorithms or import Expert Advisors from within the MetaTrader 4 platform. The minimum lot size on MT4 is 0. Accessing and interacting with the platform and charts is a fluid and natural process.

Discover the benefits of trading with Optimus Futures and get instant access to 18 free add-ons and indicators on MT4. MetaTrader 4 indicators are powerful technical analysis tools which can help you to identify market trends and provide evidence for your predictions about future price movements. See your past successes and failures on MT4 charts, add pivot points and alerts, take a look at historic highs and lows, plus much more.

Why trade on MetaTrader 4 with Optimus Futures?

MT4 add-ons enable you to customize the MT4 platform to better suit your individual trading needs. To run the MT4 app on one of these devices, the device must be updated to iOS 4. MT4 for Android requires your device, whether that be a phone or tablet, to be powered by Android OS 2.

You then drag the indicator that you want onto a price chart and a window will pop up for you to decide the parameters that you wish to set. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Dennis Waitley.

Bollinger Bands. Cover and go long when daily closing price crosses below the lower band. Cover and go short when daily closing price crosses above the upper band. Parabolic SAR. Cover and go long when daily closing price crosses above ParSAR.

Cover and go short when daily closing price crosses below ParSAR. Cover and go long when RSI crosses above Cover and go short when RSI crosses below At the bottom of the chart below we see another trend-confirmation tool that might be considered in addition to or in place of MACD. It is the rate of change indicator ROC.

As displayed in below, the red line measures today's closing price divided by the closing price 28 trading days ago. Readings above 1. The blue line represents a day moving average of the daily ROC readings.

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Here, if the red line is above the blue line, then the ROC is confirming an uptrend. If the red line is below the blue line, then we have a confirmed downtrend. A bearish configuration for the ROC indicator red line below blue :. After opting to follow the direction of the major trend, a trader must decide whether they are more comfortable jumping in as soon as a clear trend is established or after a pullback occurs.

In other words, if the trend is determined to be bullish, the choice becomes whether to buy into strength or buy into weakness. If you decide to get in as quickly as possible, you can consider entering a trade as soon as an uptrend or downtrend is confirmed.

Other terms in this category

On the other hand, you could wait for a pullback within the larger overall primary trend in the hope that this offers a lower risk opportunity. There are many indicators that can fit this bill. However, one that is useful from a trading standpoint is the three-day relative strength index , or three-day RSI for short. This indicator calculates the cumulative sum of up days and down days over the window period and calculates a value that can range from zero to If all of the price action is to the upside, the indicator will approach ; if all of the price action is to the downside, then the indicator will approach zero.

A reading of 50 is considered neutral. Generally speaking, a trader looking to enter on pullbacks would consider going long if the day moving average is above the day and the three-day RSI drops below a certain trigger level, such as 20, which would indicate an oversold position. Conversely, the trader might consider entering a short position if the day is below the day and the three-day RSI rises above a certain level, such as 80, which would indicate an overbought position.

Different traders may prefer using different trigger levels.

The last type of indicator that a forex trader needs is something to help determine when to take a profit on a winning trade. Here, too, there are many choices available. In fact, the three-day RSI can also fit into this category. In other words, a trader holding a long position might consider taking some profits if the three-day RSI rises to a high level of 80 or more. Conversely, a trader holding a short position might consider taking some profit if the three-day RSI declines to a low level, such as 20 or less.

Another useful profit-taking tool is a popular indicator known as Bollinger Bands. This tool takes the standard deviation of price-data changes over a period, and then adds and subtracts it from the average closing price over that same time frame, to create trading "bands. A trader holding a long position might consider taking some profits if the price reaches the upper band, and a trader holding a short position might consider taking some profits if the price reaches the lower band.

A final profit-taking tool would be a " trailing stop. There are many ways to arrive at a trailing stop. The chart below illustrates just one of these ways. Each day the average true range over the past three trading days is multiplied by five and used to calculate a trailing stop price that can only move sideways or lower for a short trade , or sideways or higher for a long trade.

If you are hesitant to get into the forex market and are waiting for an obvious entry point, you may find yourself sitting on the sidelines for a long while. By learning a variety of forex indicators, you can determine suitable strategies for choosing profitable times to back a given currency pair.