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Supply and Demand Strategy
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Supply and demand indicator
My Supply ad demand indicator does not give alerts What should I do ?
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The Supply and Demand Strategy
FIRST, ABOUT THE THEORY.
Trading based on key levels or zones is very common and for most traders, it's a well-known method. Supply and demand is a trading strategy, but more than that, it’s a theory on how the Forex market works. The strategy tells us how and why things happen in the market, which we automatically accept as being true by using the strategy – we wouldn’t trade it if we didn’t think it works. The theory is summed up as: The banks cause zones to form by placing trades, taking profits, and closing trades. They then make price returns to these zones to get their remaining trades placed or to take the rest of their profits off. This causes upswing and downswings to form and creates the price action we see on our charts. We must thank Sam Seiden for creating the supply and demand method. (google for "Sam Seiden") Not only…
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Joachim Jaletzke
Feb 10, 2024
Hello Bernhard,
one question regarding your statement from this post
https://www.currencystrength28.com/post/28pairs-currency-strength-with-impulse-trading-system
"About support/resistance and supply/demand you need to know first one thing: Currency Strength is stronger.
If both base and quote CS push against support/resistance or supply/demand it will break!"
Normally I would say that one of the currencies is weaker than the other and only one of them is "pushing against the S&D".
But I would imagine you mean a scenario like in the screenshot. It's still one currency weaker, but both are "pushing" in the same direction.
Is that correct or do I have a thinking error?
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Joachim Jaletzke Joachim Jaletzke
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Thank you for reaching out. I'm here to assist you with the issue you're facing with the Supply and Demand indicator.
To enable alerts, please follow these steps:
1. In your MT4 platform, go to "Options" (Ctrl + O).
2. Under the "Events" tab, ensure that events are activated and the "Enable" option is checked for the alert sound.
3. Next, open the indicator settings for the Advanced Supply Demand indicator on your chart.
4. Make sure that "Popup Alerts" is set to "true" in the settings.
Additionally, check your Alerts Settings to see which alerts are active and if there are any specific filters applied.
If you have customized the indicator settings and want to revert to the default settings, you can use one of the templates that were provided in the starter email. Alternatively, you can save a set-file of your preferred indicator settings and upload it here so that I can review it for you.
Feel free to reach out if you need further assistance or have any other questions. I'm here to help!
Best regards,
Bernhard