About the Indicator
The Degree Angles Zero Forex Indicator for MT4 is a custom-built oscillator designed to display the Degree Angles Zero trading method directly on your chart.
This tool provides traders with visual cues to identify potential market turning points, aiding in the decision-making process for both entry and exit points.
Free Download
Download the “degree-angles-zero-indicator.mq4” indicator for MT4
Key Features
- Custom-built oscillator for the MetaTrader 4 (MT4) platform.
- Displays the Degree Angles Zero trading method on the chart.
- Helps identify potential market turning points.
- Free to download and easy to integrate into your MT4 platform.
Indicator Example Chart (EUR/USD H1)
In the example chart above, the Degree Angles Zero Indicator highlights potential entry points where the oscillator line crosses certain thresholds, indicating a possible market reversal.
How To Trade Using This Indicator
- Buy Signals: Enter a buy trade when the oscillator line crosses above the zero line, indicating upward momentum.
- Sell Signals: Enter a sell trade when the oscillator line crosses below the zero line, indicating downward momentum.
- Stop Loss: Place a stop loss just below the recent swing low for buy trades, or above the recent swing high for sell trades.
- Take Profit: Set a take profit target at the next significant support or resistance level, or use a fixed pip range based on your trading strategy.
Download Now
Download the “degree-angles-zero-indicator.mq4” indicator for Metatrader 4
Degree Angles Zero + AG Renko Chart Forex Strategy
What This Strategy Is About
This strategy combines two effective indicators: the Degree Angles Zero Forex Indicator and the AG Renko Chart MetaTrader 4 Forex Indicator.
The Degree Angles Zero indicator provides an oscillator that helps detect momentum shifts by crossing above or below the zero line.
The AG Renko Chart indicator uses Renko blocks to filter price noise and show clear trend directions with blue and red lines.
When these two indicators align, they provide strong signals for entering and exiting trades, helping traders capitalize on both momentum and trend strength.
Buy Rules
- Wait for the Degree Angles Zero oscillator to cross above zero, signaling bullish momentum.
- Confirm that the AG Renko Chart indicator shows a blue line, indicating an uptrend.
- Enter a buy trade at the close of the confirmation candle.
- Place a stop loss just below the recent swing low or key support level.
- Exit the trade when the Degree Angles Zero oscillator crosses back below zero or the AG Renko Chart changes to a red line.
Sell Rules
- Wait for the Degree Angles Zero oscillator to cross below zero, signaling bearish momentum.
- Confirm that the AG Renko Chart indicator shows a red line, indicating a downtrend.
- Enter a sell trade at the close of the confirmation candle.
- Place a stop loss just above the recent swing high or key resistance level.
- Exit the trade when the Degree Angles Zero oscillator crosses above zero or the AG Renko Chart changes to a blue line.
Trader Case Studies
Here are three examples of traders from different regions who used this strategy on various currency pairs and timeframes, showcasing its flexibility and effectiveness.
Katerina P – Greece
Katerina, a swing trader from Athens, applied this strategy on the EUR/USD and USD/CHF pairs for 40 days. By following the rules and practicing good risk management, she earned a total of +352 pips during this period.
Femi O – Nigeria
Femi, a full-time trader from Lagos, used this method on NZD/USD and GBP/USD over 30 days. His disciplined approach yielded +407 pips in net profits.
Markus G – Germany
Markus, a day trader from Germany, traded USD/JPY, EUR/GBP, and AUD/USD pairs over two weeks. He managed to gain +210 pips using this combined strategy.
Disclaimer: These case studies are for educational purposes only. Trading outcomes will depend on market conditions, risk management, and individual discipline.
Advantages
- Combines momentum and trend confirmation for more reliable signals.
- Works on multiple timeframes and with different trading styles.
- Helps reduce false entries by requiring agreement between two indicators.
Drawbacks
- Limited signals during choppy or sideways markets.
- Requires patience to wait for confirmation from both indicators.
- Exits can be delayed if relying only on indicator crossovers.
Strategy Conclusion and Tips
This strategy provides a disciplined approach by combining the Degree Angles Zero oscillator’s momentum insights with the trend filtering power of the AG Renko Chart.
This increases your chance to trade with the prevailing market direction.
Make sure both indicators give a clear signal before opening any trade.
Spend time practicing on a demo account to get comfortable with how the signals perform in real market conditions.
Indicator Specifications
| Specification | Details |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Type | Oscillator / Trend Indicator |
| Timeframes | All MT4 Timeframes |
| Currency Pairs | Major, Minor, and Exotic Pairs |
| Inputs | Period (default 14), Overbought Level (default 70), Oversold Level (default 30), Alerts On/Off |
| Signals | Buy/Sell Alerts, Overbought/Oversold Zones |
| Alerts | Pop-up, Sound, Email (configurable) |
Frequently Asked Questions (FAQ)
1. Can I use the Degree Angles Zero Indicator on all currency pairs?
Yes, the Degree Angles Zero Indicator is designed to work on all major, minor, and exotic currency pairs. It’s recommended to test it on different pairs to understand its behavior.
2. Is this indicator suitable for scalping?
Yes, the Degree Angles Zero Indicator can be used for scalping, especially on shorter timeframes like M1 or M5. However, it’s essential to combine it with other indicators to confirm entry points.
Final Words
The Degree Angles Zero Forex Indicator for MT4 is a valuable tool for traders seeking to identify potential market turning points and make informed trading decisions.
By combining this indicator with other technical analysis tools and practicing sound risk management, traders can enhance their trading strategies and improve their chances of success.
