- February 16, 2020
- Posted by: Forex Wiki Team
- Category: Free Forex Indicators
Forex Signals Indicator Indicator
Characteristics of the Ultimate Trend Signals
- Platform: Metatrader4
- Asset: Any major currency pair
- Trading Time: European and start of American sessions
- Timeframe: M5 (may also be used M15, M30 and H1)
- Expiry: 5 minutes for M5, for M15 - 15 minutes and so on
This is one of the best Forex Indicator system available for MetaTrader-4 Powered by the most advanced, adaptive, and profitable trading (turning-point detection) algorithms on the market, using RSI, MACD, ADX and Moving Average Strategies.
This product will give you everything you need to overcome losses due to human emotions and guide you for profitable forex trading When this Indicator is active on a Chart The Information board gives you the Trend Analysis of M1 to H4 Time Frames :
Trend is UP or DOWN, WEAK or STRONG, BULLISH or BEARISH using MACD, RSI and Moving Average Strategies And the BUY/SELL indicators (BLUE and RED spots) shows you when to buy and when to sell using Non-Repaint ADX Crossing Indicator system with Message/Sound and Email Alerts
This ADX Crossing Arrow (spots) indicator is a Cyclic indicator which follows: Buy-Sell-Buy Sell……Sequence
How to avoid losses in Forex Trading:
Do not use this Indicator in sluggish market conditions. It will give you wrong information. Better to trade between Tuesday and Thursday avoiding Monday and Friday.
For Scalping Always use M1 or M5 time frames and the currency pairs having Low Spreads (Ex: EUR/USD). Size of Spreads depends on your Broker.
If you increase the volume size while scalping, do not go for more than 5 pips even if the indicator shows a perfect trend. Or you must be prepared to close the trade at any moment when the price bar
moves opposite direction. If you do scalping first find a Broker who allows Scalping. I suggest 5 digit pricing is good for scalping as bar movements can be seen clearly. It shows price bar movements in each 0.1 pips.
Along with the quick profits, you can and most likely will come across a couple losses on this magical Forex trading journey! This is why you have to be able to accept these losses. Trading on a small scale can be easier for some.
I always suggest that newer traders should really try to trade on a demo account. Get comfortable with trading on a short term scale.
I would advise that you should only trade on a live account when you feel 100% comfortable with every trade. Imagine the demo account being your money. Imagine taking a huge loss in real life when you make a mistake. When you feel fully comfortable with everything even after a big loss, then you are ready for anything.
Scalp the Forex market with a plan!
This is the best way to avoid losses during your adventure. Use that demo account that we talked about earlier to find a suitable set of indicators or oscillators or even both! The demo account allows you to trade in a real time setting while trying out different systems. This can greatly increase your odds of making a good profit. Try every single combination of technical indicators. Do this until you find a pair that you like. Once you find one then you will truly be on your Forex scalping journey. Please make sure that you use my tips.
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