Luna FX MT4 Trading Indicator FREE Download Luna FX MT4 Trading Indicator FREE Download

LUNA FX Indicator is a complete trading software for MT4 that provides NON-Repaint buy/sell signals. It is designed to provide an easy-to-use trading platform for both beginners and experienced traders. This software is designed to help users make informed decisions when trading the Forex market. It comes with an on-screen dashboard that shows you various helpful information .

MT4 trading indicators are a powerful combination of cutting-edge technology and ease of use. The software is designed to help users make informed decisions in the Forex market by providing precise analysis and accurate trading signals. The intelligent trend analysis and calculation mechanism can detect trending market conditions and allow users to follow large traders for transactions. Additionally, LUNA FX software can notify users when they need to pause trading, allowing them to avoid dull markets and stay ahead of the curve.

It has four different templates to suit different trading styles and market conditions.

This Forex MT4 trading indicator is completely manual. Indicators generate signals, but any decision to enter the market and set a protective stop or a profitable exit stop will be up to the trader. Therefore, traders must become familiar with the principles of risk and reward and use initial support and resistance areas to set up entries and exits.

MT4 LunaFX can provide you trading signals as is or as suggested adding additional chart analysis to further filter the signals . While the system can be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account until you become consistent and confident enough to go online.

Features of the Luna FX Indicator Dashboard

An all-in-one indicator that provides a wealth of information at a glance that would normally require many charts and indicators and general screen clutter.

• Stochastic Oscillator chart for time range M1 to D1.
• Use moving averages on the M1 to D1 time frame to indicate market trends.
• The direction of the MACD on the current chart and the intersection of the signal and zero lines.
• The direction of a fast 3-period LWMA crossing a 5-period SMA (periods can be customized).
• The direction of the Parabolic SAR indicator on the current chart, used to signal exits and confirm entries.
• Oscillation chart of the William Percent Range indicator. It is used because of its fast movement and unique predictive quality. Additionally, it is useful for identifying overbought/oversold conditions.
• The Bar Percent Increase/Decrease meter was developed to provide a direct visual representation of the percentage increase or decrease of the current price compared to the last 4 bars. It's simple but effective. The gist of it is that the previous 4 bars (near the close) were averages and percentages, so if the current bar rises above 100%, it is accelerating above the recent average. Conversely, if it drops below 100%, it slows down and adopts a more steady motion. Strong price movements are shown in bright red or green, with different hues depending on the intensity of the movement.
• The overall recommended trading signals are based on various indicator signals.
• Last but not least is the currency's interest rate spread, expressed in large, easy-to-see numbers.
• The history viewer takes the form of a vertical line that can be dragged over the previous bar chart to display the history.
• The multi-timeframe trend chart shows the direction of 7 customizable moving averages over 7 timeframes.
• OB/OS signal chart showing overbought or oversold signals on 7 different oscillators/indicators on 7 timeframes.
• Customize the overall signal using a combination of current and multi-timeframe indicator signals.
• Price/chart/currency display can be turned on or off.
• Switch between default mode and compact mode.

Dashboard input parameter description

• HISTORY LINE – Enable or disable history line. When the dashboard first loads on the chart, you will see that the history line is slightly ahead of the current time (when loading manually, not when loading using the system template).
  
  Double-click it and drag it to the front bar to display previous metric values ​​in the dashboard. You can delete the row at any time, but changing the time range will make the new time range appear (only if that time range doesn't exist). The current reading will be given as long as the historical line is ahead of the current price, so if you are not using it it is best to delete it until you need it again. Otherwise, you will quickly fall behind the current time. It's still not perfect and misses the bars after the weekend mark, but is pretty accurate for short-term history. Reading current indicators is more accurate than reading multiple timeframe indicators.
• COMPACT MODE – Switch from the default full display to a smaller display. 1. Trend graphs or OB/OS signal graphs are not available in compact mode.
• Show Price/Chart/Currency – Price/chart/currency display can be turned on or off, and font size and color can be customized.
• Use Monthly Chart Selection – DisableMonthly disables the multifunctional instrument on the monthly chart so that options can be accessed by pressing F7 or from the Expert Advisor menu.
• Processing Delay (Sleep) – This is the value in milliseconds to stop the program loop before restarting the loop. The default value is 100. It can be adjusted to optimize your computer's dash. You can reduce this value to slightly improve the responsiveness of the LUNA FX indicator, but too low and it will start to flicker.
• T REND-O-GRAPH – This graph shows trend waves for both short-term and long-term trends. Use DisplayTrendGraph to switch between trend graphs and OB/OS signal graphs. The trend graph is displayed by default. The values ​​of 7 moving averages can be set here, including MA type (simple, exponential, smoothed or linearly weighted). Default is smooth.
• OVERALL SIGNAL – The overall signal can be configured to include or exclude the direction of most displayed indicators. The current indicator is taken from the current chart and the multi-time frame indicator is taken from the MA of the trend bar. Select the signals you want to include or exclude. By default, the ALL Current indicator and NO Multi indicator determine the signal.
• OB/OS SIGNAL MAP – This chart shows seven indicators plotted along seven timeframes. With the exception of Bollinger Bands, all of these indicators are oscillators commonly used to identify overbought/oversold conditions. The indicators from bottom to top are: MACD, Stochastic Oscillator, William Percent Range, Fund Flow Index, Commodity Channel Index, Relative Strength Index and Bollinger Bands.
  If the price enters the OB or OS zone, a gray cross will appear, indicating an imminent reversal. When price reverses, the crossover will turn green (indicating buying) or red (indicating selling).
  The more crossovers, the better if you do a reversal trade because the OB or OS levels are more important. Zone values ​​are customizable. The default value is the most commonly used.
  The OB/OS signal chart should be used when the market is moving sideways as oscillators are less reliable in strong trends. NOTE: A MACD buy or sell signal is when MACD crosses the signal line, a gray cross will appear if MACD falls above the signal line or rises below the signal line. Bollinger Bands will give a gray signal if the price exceeds them. If the price reverses, a buy or sell signal is displayed.
• INDICATOR VALUES – The values ​​here are used to change the MA-Xover signal, MACD signal, Parabolic SAR signal, MA Trendline, W%R and Stochastic indicator.

The Luna FX indicator system is very simple and straightforward. Even complete beginners can start trading and make profits using this system. You can set it up to send you alerts via mobile notifications, platform pop-ups, and emails . This is helpful because it means you don't have to stare at the chart all day long waiting for a signal to appear, and can monitor multiple charts at the same time.

MT4 trading indicators can be used on any Forex currency pair and other assets such as stocks, commodities, cryptocurrencies, precious metals, oil, gas, etc. You can also use it within any time frame that works best for you, From 1 minute chart to 1 month chart.

It's easy to use even for complete Forex beginners. You don't have to be a professional to use it. Just load one of 3 different templates into your chart.

• LUNA-M1 – is the fastest and most aggressive template. It provides a faster signal, but the risk is higher. This pattern is great for quick day trading or scalping.
• LUNA-M2– is the standard, balanced template. Medium risk and medium signal speed. This mode is ideal for typical day trading/swing trading.
• LUNA-M3- provides the most conservative signal. Trends change slowly and can capture more significant moves on medium/higher TFs.

Trading rules for MT4 trading indicators

Follow money management and do not trade during high-impact news periods. Exit your trades half an hour after high-impact forex news.

As always, to achieve good results, remember proper money management. To become a profitable trader, you must master discipline, emotions, and psychology. Knowing when to trade and when not to trade is crucial. Avoid trading during adverse times and market conditions, such as low volume/volatility conditions, outside of main trading hours, exotic currency pairs, wide spreads, etc.

Buy Entry

When you observe green candles on the chart, it indicates that the current market trend is bullish. These Green marks serve as buy signals and suggest that opening a buy position is beneficial.

Sell ​​Entry

When you observe red candles on the chart, it indicates that the current market trend is bearish. These Red marks serve as sell signals and suggest that opening a sell position is beneficial.

Trade Exist

Any position with this Forex trading indicator can be liquidated with a fixed profit target. Alternatively, profit targets should be set using previous support or resistance levels or highs and lows as reference points . You may also manually exit the trade if system conditions reverse (opposite signals appear).

It is recommended to use stop loss . Set your stop loss below the entry price using previous support/resistance as reference points or previous high/low swings. The use of fixed stop loss settings without any reference point is not recommended.

• You can use a simple RR ratio. Place your stop loss below/above the last move. The goal is the same number of points (TP1) or double the number (TP2).
• If your stop loss = 15 pips. TP1 should be placed at +15 points and TP2 at +30 points.

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