White Walker Trading System MT4
White Walker Trading System MT4
The White Walker Indicator is a MetaTrader 4 trading system that provides non-repaint buy/sell signals. It utilizes three distinct indicators and is easy to learn and implement, making it suitable for new traders. This system is ideal for major currency pairs and performs best on the M15 and 1-hour timeframes, although it can be applied to other timeframes with similar success. The strategy is entirely manual, with the trader making all decisions regarding market entry, stop loss, and exit points based on their understanding of risk and reward principles and initial support and resistance areas.
Indicators Used in this MetaTrader 4 Trading System
The White Walker Trading System uses three custom-made 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 a valid trade entry, all three indicators must align and give a proper signal.
Here’s what your chart will look like after installing the indicators and the White Walker Trading System template:
As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
Buy Entry
- The upwards White Walker arrow must appear on the chart.
- WW Line must cross above 0 level and turn blue.
- WW Histogram must become blue.
- Once all the conditions have been met, enter the buy/long trade at the close of the candle.
- Note: After the WW_Arrow has appeared, the other two indicators must align within the next three candles. If not, we won’t consider it as a valid signal anymore.
Sell Entry
- The downwards White Walker Trading System arrow must appear on the chart.
- WW Line must cross below 0 level and turn red.
- WW Histogram must become red.
- Once all the conditions have been met, enter the sell/short trade at the close of the candle.
- Note: After the WW_Arrow has appeared, the other two indicators must align within the next three candles. If not, we won’t consider it as a valid signal anymore.
Trade Exist
- Place your Stop Loss below the most recent swing high/low point
- Place your Take Profit the same distance from the Entry point as your Stop
Loss (1:1 Risk To Reward ratio)
You may also exit the trade manually if the conditions of the system reverse (the opposite Arrow appears). It is recommended to use a stop loss. Using fixed stop loss settings without any reference points is not advocated.
White Walker Trading System MT4 download link
