White Walker MetaTrader 4 Trading System FREE DownloadWhite Walker MetaTrader 4 Trading System FREE Download

The White Walker indicator is a MetaTrader 4 trading system that provides non-repaint buy/sell signals . The system is based on 3 different indicators. The system itself is quick to learn and very easy to implement. Even if you are completely new to trading

It can be applied to all currency pairs and works best on major currency pairs. In terms of timeframes, it works best on the M15 and 1-hour timeframes, which usually yield the best results. However, the White Walker indicator system can be traded on all other time frames with similar success.

This Strategy 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.

The White Walker Trading System can provide you with trading signals as is or as suggested by 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.

Indicators used in the MetaTrader 4 trading system

The White Walker trading system uses three custom indicators:

• WW_Arrows
• WW_Line
• WW_Histogram

The WW_Arrows indicator is placed on the chart, while WW_Line and WW_Histogram have their own windows at the bottom of the chart.
For valid trade entries, all three indicators must be consistent and give appropriate signals.
After installing the indicator and White Walker Trading System template, your chart will look like this:

WW_Arrows

WW_Arrows is an indicator that relies on exponential moving average logic. An upward arrow indicates a potential buy trade, while a downward arrow indicates a potential sell trade.
This is the first indicator you want to look at when searching for trades. You can only place a trade when the arrow appears and all other indicators are aligned.
After an arrow appears, you place a trade, and only when the next arrow appears do you move to the next trade.

WW_Line

WW_Line is a custom trend following momentum indicator calculated by subtracting the long-term EMA (estimated moving average) from the short-term EMA. It triggers a buy signal when it crosses the zero line ( blue ) or a sell signal when it crosses below the zero line ( red ).

WW_Histogram

WW_Histogram shows neutral ( white ), buy ( blue ) or sell ( red ) opportunities. It aims to identify convergence, divergence and crossover.

This MetaTrader 4 trading system can be used on any Forex currency pair and other assets such as stocks, commodities, cryptocurrencies, precious metals, oil, natural gas, etc. You can also use it within any time frame that works best for you, From 1 minute chart to 1 month chart. Works best with M15 or H1 TimeFrames.

White Walker indicator trading rules

Remember to tighten your stops around high-impact news releases, or avoid trading for at least 15 minutes before or after these events.

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

• The upward White Walker arrow must appear on the chart.
• WW Line must cross above 0 level and turn blue .
• The WW histogram must turn blue .
• Enter a buy/long trade at the close of the candle when all conditions are met.
• Note: After WW_Arrow appears, the other two indicators must align within the next three candles. If not, we will no longer consider it a valid signal.

Sell ​​Entry

• The downwards White Walker Trading System arrow must appear on the chart.
• WW Line must be below 0 level and turn red .
• The WW histogram must change to red .
• Once all conditions are met, place a sell/short trade at the close of the candle .
• Note: After WW_Arrow appears, the other two indicators must align within the next three candles. If not, we will no longer consider it a valid signal.

Trade Exist

• Place stop loss below recent swing high/low
• Set your take profit to the same distance as your stop loss from your entry point (1:1 risk to reward ratio)

You may also exit the trade manually if system conditions reverse (opposite arrow appears). It is recommended to use stop loss . The use of fixed stop loss settings without any reference point is not recommended.

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