Trade With Sid
Professional trader and mentor, Siddhan Goswami, introduces the Gold Rain Indicator Version 3 and explains how to install and use it.
Installation Process and Compatibility
To install the Gold Rain Indicator version 3.0, follow these steps:
1. Visit the website twscourses.com
2. Click on the “Golden Indicator v3” option
3. If you have a coupon, click on “Add to Cart”
4. Register yourself on the website by providing your first name, last name, and email ID
5. Click on “Register” to complete the registration process
6. Choose your preferred payment method (UPI, crypto, PayPal, credit card, debit card, or net banking) and make the payment
7. Within 24 hours, you will receive the indicator files on Telegram
8. Make sure you do not have any old Gold Rain 2.0 or Citroen files in your computer
9. Delete any existing old files related to Gold Rain from your download folder
10. Right-click on the indicator file received on Telegram and select “Show in Folder”
11. Copy the file
12. Open your MT4 platform
13. Click on “File” and then select “Open Data Folder”
14. In the data folder, click on “MQL4” and then on “Indicators”
15. Paste the copied file in the Indicators folder using the shortcut “Ctrl + V,” or right-click and select “Paste”
Please note that the Gold Rain Indicator version 3.0 works only on MT4 and not on TradingView. However, the previous version, version 2.0, can be used on TradingView. The indicator is also compatible with Apple computers, and a remote desktop setup can be done to use it on MacBooks.
Understanding the Indicator
The Gold Rain Indicator version 3.0 is designed to provide filtered signals based on specific settings. It is recommended to watch the video explaining the features of the indicator and the differences with version 2.0. This video can be found on the website.
To adjust the indicator settings, follow these guidelines:
1. Multiplier and period: Changing these settings can impact the signal accuracy. Increasing them reduces the number of signals but enhances accuracy, while reducing them increases signals but reduces accuracy.
2. Take profit (TP): The TP value can be customized according to your preference. The default value is 50 pips, but it can be changed to 100 pips or any desired value.
3. Period: Keep this setting as 100 and the method as Exponential. These settings should not be changed.
4. Filtering time frame: Adjust the time frame according to your preferred trading timeframe. For H1 (one-hour) trading, set it to 4H (four-hour).
Making Changes to Enhance Visibility and Usability
To improve visibility and usability, the Gold Rain Indicator offers some customization options. These include:
1. Arrow distance: If the arrow generated by the indicator appears far from the price action, it can be adjusted to appear closer. This can be done by pressing “Ctrl + I” or right-clicking, selecting “Indicator List,” choosing “Edit” for the Gold Rain Indicator, and changing the arrow distance value.
2. Time frame compatibility: The indicator can be used on various time frames, such as M1 (one-minute), M5 (five-minute), M30 (30-minute), and H1 (one-hour). Each time frame may require adjustments to the filtering time frame setting for optimal results.
Utilizing the Multi-Time Frame Analysis Feature
The Gold Rain Indicator version 3.0 includes a multi-time frame analysis feature, displayed on the top right-hand side of the indicator window. This feature automatically performs the analysis on multiple time frames, eliminating the need for manual analysis. This feature was not available in version 2.0 and provides a significant advantage in trading.
Conclusion
The Gold Rain Indicator version 3.0 is a powerful tool for traders looking for reliable signals. It can be easily installed on MT4 by following the provided steps. The indicator’s settings, including multiplier, TP, and time frames, can be adjusted to suit individual trading strategies and preferences. With its multi-time frame analysis feature, the indicator streamlines the trading process and provides filtered signals for more accurate trading decisions. For further assistance, technical experts are available to help with compatibility and setup, including support for Apple computers.
