Free Forex Indicators (MT4), Trend Following Indicators

Camarilla Equation Levels

Camarilla Equation Levels plots both dynamic and statical event areas of the market to spot the best possible area of maret entry for its users. These levels are being plotted on an automatic basis and you don’t have to bother of drawing manual lines at your trading charts anymore. No moving averages and other tons of indicators enjoy a clean and less complicated trading chart that leads to a much relaxing trading environment.

Camarilla Equation Levels is an intraday trading system thus, fits well with M15 to H4 timeframe charts. Most importantly, this system can be applied to trade any forex currency pairs you like at your forex MT4 trading platform.

Camarilla Equation Levels overview

After installing the Camarilla Equation Levels at your forex MT4 terminal, your trading chart will appear like the following image:

Camarilla Equation Levels
Camarilla Equation Levels
Time Frame Currency Pairs Indicator Factors Ratings
M15 to H4 Any 2 9.6/10

Forex MT4 System Cycle Anatomy 

Camarilla Equation Levels Anatomy
Camarilla Equation Levels Anatomy
  • Camarilla Exchange: It keeps the track of current market range or momentum length to help you find possible breakout trading opportunities. Besides, you can also use its slopes as short-term swing levels of the market.
  • Camarillad Historical V2: Its job is to plot the intraday support/resistance levels of the market based on its pivot calculation and current market data. The backtest results show that such levels play as a key market area and leads to maximum length of intraday profits for its users.

Camarilla Equation Levels: Buy Parameters

Camarilla Equation Levels Buy
Camarilla Equation Levels Buy
  • Price breaks above the current Camarilla Exchange level
  • Price is also holding its position right above the current Camarillad Historical V2 level
  • Price bar closes as a solid bullish candle
  • Buy triggers when all of the above conditions are met
  • Set stop loss below the current Camarilla Exchange level
  • Exit long/take profit whenever price hits the next Camarilad historical V2 level

Camarilla Equation Levels: Sell Parameters

Camarilla Equation Levels Sell
Camarilla Equation Levels Sell
  • Price breaks below the current Camarilla Exchange level
  • Price is also holding its position right below the current Camarillad Historical V2 level
  • Price bar closes as a solid bearish candle
  • Sell triggers when all of the above conditions are met
  • Set stop loss above the current Camarilla Exchange level
  • Exit short/take profit whenever price hits the next Camarillad historical V2 level

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I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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