- October 12, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex Indicators
The Black Dragon Indicator Review
In the intricate world of forex trading, where decisions made in split seconds can make or break one's fortune, having an efficient, trustworthy, and advanced tool is indispensable. Enter the Black Dragon Indicator: an advanced forex trading tool designed to simplify trading decisions by utilizing a cutting-edge algorithm.
Best Brokers List
Black Dragon Indicator works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Black Dragon Indicator Settings
Understanding the Black Dragon Indicator
The Black Dragon is not just any other indicator on the market; it's a complete game-changer. Its innovative algorithm swiftly and accurately identifies the market trend, paving the way for informed trading decisions. Here's a closer look at what sets it apart:
- Next-Generation Trend Detection Algorithm (NG TDA): This state-of-the-art algorithm ensures that you're always one step ahead of the market movements.
- Precision at its Best: Automatically pinpoints opening, closing, and target levels, removing any guesswork.
- A Multi-level Profit-taking System: Maximizes your gains by assisting you in leveraging profitable conditions.
- High Time Frame (HTF) Impulse Filter: A novel feature that enhances profitability by conforming to core market trading principles. Delve deeper into the HTF Filter in the detailed manual.
- Versatility and Adaptability: The indicator is suitable for any trading instruments and timeframes, catering to both seasoned traders and newcomers.
Black Dragon's Unique Features
One of the primary attributes of the Black Dragon Indicator is its adaptability. Not only does it come with its in-built trading strategies, but users can also integrate custom arrow indicators into Scalper Inside Pro. This feature enables traders to quickly evaluate their statistics and profitability.
Note: The Black Dragon Indicator comes with CRC protection to ensure authentic calculations. Always purchase from the original developer to receive lifetime updates and contribute to future improvements.
Customizing Your Trading Strategy
The Black Dragon offers a variety of settings for a tailored trading experience:
- Strategy Selection: Choose between Strategy-1, Strategy-2, or integrate a Custom Indicator.
- Sensitivity Adjustment: Fine-tune your strategies with adjustable sensitivities.
- Positioning: Decide whether to enter on the next candle or delta entry and select the mode of closing the position.
- Alert Systems: From email to sound alerts, customize your notifications when a trading signal arises.
Visual Aesthetics & Display
Visual clarity is crucial in forex trading. The Black Dragon Indicator provides:
- Auto Color Themes: Choose between a light or dark theme or opt for a preset color scheme.
- Control Panel Scaling: Adjust the scale of the control panel for a personalized interface.
Customization is not just limited to functionality. With the Black Dragon, you can also alter the appearance of signals and themes to suit your preference.
Integrating Custom Indicators
An exclusive feature of the Black Dragon is its ability to test and integrate custom indicators. This feature offers unparalleled flexibility, allowing traders to benefit from Scalper Inside Pro's robustness while receiving signals from their preferred custom indicator.
For seamless integration:
- Activate Scalper Inside Pro and select 'Custom Indicator' as your strategy.
- Manually input the name of your Custom Indicator.
- Indicate the graphical buffers for buy and sell signals.
- Ensure the Custom Indicator's arrows align with Scalper Inside Pro.
- Enjoy the combined power of Scalper Inside Pro and your Custom Indicator.
Remember: There's no need to install Custom Indicators on the chart. They connect with default settings, ensuring a hassle-free experience.
Black Dragon Indicator Live Action
Conclusion
In the fast-paced world of forex, the Black Dragon Indicator emerges as an essential tool for every trader. Its innovative features, adaptability, and user-friendly interface make it a must-have. Whether you're a seasoned trader or just beginning your journey, the Black Dragon promises to be a valuable companion.
Download Black Dragon Indicator
Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.
Disclaimer: All trading involves risks. It's essential to do your own research and consider seeking advice from a licensed financial advisor before making any trading decisions.
