Eliot Wave Indc M4

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The Eliot Waves Indc M4 is an automatic chart pattern detector that identifies potential price structures and delivers real-time buy-sell signals. Based on the renowned Elliott Wave theory, it assists traders in determining future price movements in technical trading. This powerful tool counts price waves and generates alerts for solid trend reversals, making it suitable for both scalping and intraday trading across various instruments.

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Eliot Wave Indicator for MT4: A Powerful Trading Tool

Introduction

The Eliot Wave Indicator is an essential tool for traders who want to navigate the complex world of technical analysis. It automatically detects Eliot Wave patterns and plots them on your MT4 chart, making it easier to spot potential trade setups.

Key Features

Automatic Detection: The indicator identifies Eliot Wave patterns without manual effort.
Buy-Sell Signals: Real-time alerts for potential trend reversals.
Suitable for Forex and Stocks: Works well across various trading instruments.
Customizable: Tailor the settings to your preferences.

Eliot Wave Indicator MT4

Strategy Overview

The Eliot Wave theory suggests that financial markets move in repetitive cycles of five upward (impulse) waves followed by three downward (corrective) waves. Here’s how the Elliott Wave Indicator can enhance your trading strategy:

Wave Count Identification:
- The indicator automatically counts the price waves.
- It labels them using numbers (1-5) for impulse waves and letters (A-C) for corrective waves.
Bullish and Bearish Trends:
- The Eliot Waves value turns positive or negative based on the prevailing trend.
- When the market is bullish, the indicator line hovers around the 1.1 area.
- During downtrends, it moves down to -1.1.
Entry Points:
- Look for buy opportunities when the indicator line rebounds from the -1.1 level and crosses above zero.
- Consider sell opportunities when the indicator value drops from the 1.1 level and turns negative.
Trade Exits:
- Use opposite trend reversal signals to determine potential exit zones.

Recommended Settings

Timeframe: The Eliot Wave Indicator works well across various timeframes. Consider using it on daily or H4 charts.
Currency Pairs: Apply the indicator to major currency pairs (e.g., EUR/USD, GBP/USD) or any other instruments you prefer.

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Additional Resources:

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We have a number of Home Delivery services available to you. Availability of these options will be shown at checkout.

Delivery Service	Description	Please Note	Price
Standard	Within 3-4 working days (07:00 - 19:30hrs)	Weekdays Only (only applies to orders placed before 6pm)	$3.95
Express Delivery	Next Working Day (08:00 - 18:00hrs)	Weekdays Only, applies to orders placed before 4pm Mon-Thurs, before 3pm on Fri & before 2pm on Sat (no Sunday deliveries)	$5.95
Premium Delivery - DPD	Next Working Day (07:00 - 19:30hrs)	Weekdays Only, applies to orders placed before 4pm Monday-Thursday. (Orders placed after 4pm Thur - Sunday before 1pm, will be delivered Monday)	$6.95
Large Parcel Delivery	Within 3-5 working days (07:00 - 19:30hrs)	Weekdays Only (only applies to orders placed before 6pm)	$14.95
Premium Saturday Delivery	Saturday Delivery (07:00 - 19:30hrs)	Delivered Saturday with a 1 Hour delivery slot and Tracking. (only applies to orders placed on Friday before 2pm)	$7.95
Premium Sunday Delivery	Sunday Delivery (07:00 - 19:30hrs)	Delivered Sunday with a 1 Hour delivery slot and Tracking. (only applies to orders placed on Friday before 2pm)	$7.95

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