Gold Level MT4 Indicator

Gold level indicator for MT4 is a suitable tool for trading gold. It provides an ideal entry point and exit point when trading gold. The indicator provides suitable buy and sell points based on the market behavior. All you need to do is identify the pivot and wait for the market to hit the buy or sell points.

The Gold Level indicator works well on any timeframe and is suitable for scalping and long term trading strategies. However, it works best only for gold trading.

Using the Gold Level indicator is pretty much straightforward. It displays pivot, buy and sell points. The pivot is pretty much the center stage in your trade. Simply buy when the market hits the buy point and sell when the market hits the sell level.

The target levels are designed to fit different types of traders. The first buy target and sell target will appeal to you if you are a scalper. The target levels are suitable for day traders depending on risk appetite, while the high target levels are suitable for swing and long term traders in general.

For trade exit, you can use the next resistance and support levels to take profits and recent highs and low for stop loss. Alternatively, use the 1:3 risks reward ratio.

The gold level indicator is one of the best indicators for gold traders. Besides providing buy and sell signals, the indicator goes a notch higher and provides the ideal profit targets. In fact, it provides several target levels to cater for both the scalpers and long term traders.