How do i Install this?

It's as simple as 1,2,3!

When you download the installation file, there will be 2 files inside the folder. They are:

1. TFA Candlestick Pattern Indicator.ex4
(goes into MQL4 > Indicators)

2. patterns.csv
(goes into MQL4 > Files)

For detailed instructions on how to do this, refer to the additional steps below.

candlestick pattern indicator files
There should be 2 files in your installation folder.

The TFA Candlestick Pattern Indicator.ex4 should be placed in your “indicator” folder. To do this, open MT4 > File > Open Data Folder

How to install the MT4 Support and resistance indicator
Open your data folder on MT4
With the new folder opened, you have to navigate to MQL4 > Indicators > paste the TFA Candlestick Pattern Indicator.ex4 into here.
How to install the MT4 Support and resistance indicator part 2
Place it in the indicator folder

Now, you have to place “patterns.csv” into the correct folder. This folder is located at MQL4 > Files. Just paste it in there.

Important: Do not rename patterns.csv into any other name. Otherwise, the indicator will not be able to find it.

MQL4 > Files Folder
To get here, you just need to click on MT4 > File > Open Data Folder (like you did in the earlier step)

The last thing you have to do is to enable your MT4 to allow expert advisors. On the top of your MT4, there is a button called “AutoTrading”. Ensure that it is green and not red by clicking on it.

This won’t make the indicator trade for you – it’s there because there’s some licensing protection on this indicator.

How to install the MT4 Support and resistance indicator part 3
Enable "AutoTrading". Don't worry, the indicator will not trade for you.

Using Support & Resistance to improve your accuracy

Support & Resistance when combined with candlestick patterns is a truly potent trading tool to have in your arsenal.

One of the best ways to improve the accuracy of your reversals when you are using candlestick patterns is to add in proper support and resistance levels.

We have written an entire article on how to determine these levels along with an indicator we built to help identify this. You can check it out on our support and resistance indicator page.

Using Fibonacci to improve your accuracy

Fibonacci retracements and extensions are the key

Next, you can greatly improve any trading strategy if you learn to combine it with Fibonacci retracements. 

I wrote what is probably the most comprehensive tutorial on how to use Fibonacci Retracements and you really should take a look at it here: How to properly draw Fibonacci Retracements. You can use its leading element and assess whether the support and resistance levels, or candlestick patterns identified coincides with a key Fibonacci retracement level. If it does, that increases its strength. The key levels to watch out for are -23.6%, -61.8%23.6%, 38.2%, 50%, 61.8%, 78.6%, 127% and 161.8%. 

I highly recommend reading our guide on how to draw Fibonacci retracements correctly to better understand and utilize this magical tool.

Here’s an example of a key support level on AUDNZD lining up well with the 50% Fibonacci retracement level :

Using Fibonacci retracement to increase the strength of your support and resistance levels
We can see the 50% FIbonacci retracement lining up nicely with our support level.

True RSI to improve your accuracy

Using the MT4 True RSI Indicator

So another way to improve the strength of your trading strategy is to add in the oscillator element by making use of the many effective ways to read the Relative Strength Index (RSI). We have an amazing RSI Trading Strategy that when combined with your trading strategy increases the probability of successful trades.

Our proprietary MT4 True RSI Indicator achieves this really well by identifying the strong levels where price has historically bounced off. Here’s a picture of it in action:

MT4 True RSI Indicator
MT4 True RSI Indicator

True Stochastic to improve your accuracy

Using the MT4 True Stochastic Indicator

This method is learnt when I was advising the trading desks of the largest banks and institutions. Really interesting and effective!

You are able to greatly improve your accuracy when trading with Support and Resistance by combining it together with our proprietary MT4 True Stochastic Indicator.

The trick is to find the hidden/true stochastic support level and see how it tallies with the support level you found (vice versa for resistance). Below is an example of how this looks like and how it worked out perfectly.

MT4 True Stochastic Indicator
MT4 True Stochastic Indicator

The Story of Desmond Leong

Desmond is your average trader. He started off blowing up 7 (or more.. lost count) accounts amounting to more than 500k, tested over 30 Expert Advisors (EAs) to no success and spent over 10k on stupid useless courses.

Today he runs an award winning trading team and provides market analysis and webinars to some of the largest brokers such as IC Markets, XM, Axi, Tickmill, FXCM, VantageFX, easyMarkets and more.

He now has a simple goal: Creating an army of traders who trade profitably together and keep each other accountable. Guiding them with the most comprehensive no-BS free tutorials so that no one ever needs to go through the pain he went through himself to become a profitable trader.

My Trading Strategy


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