- April 12, 2022
- Posted by: Forex Wiki Team
- Category: Forex Trading System
It will vastly increase the accuracy of your trades and analyses. Thanks to the innovative trend analysis calculation procedure, you’ll be able to detect trending markets and place trades in rhythm with the top traders.
Forex Market Trend Analysis Software can also alert you when it is time to cease trading on certain assets (flat market).
The Trader Tool works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Best Brokers List :
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
|Register||2008||Port Vila||1: 1000||$10||VFSC|
Settings of Forex Market Trend Analysis :
Two trading modes are available in MT4 Trend Analysis, which can be switched by selecting a template on the chart:
Forex Trend Line Analysis Dynamic Mode:
It is differentiated by dynamic indicators as well as the highest potential return paired with the highest conceivable risk.
If you’re used to catching quick market changes, this is the trading approach for you.
Forex Trend Line Analysis Normal Mode:
provides a global mode with well-balanced signals and little risk. This method is appropriate for both new and experienced traders.
THE RULES OF TRADING ARE AS FOLLOWS:
AN EXAMPLE OF A FORMAL ENTRY (SELL SIGNAL)
The indications are easy to understand.
When the red circle appears, SELL. The exact take profit and stop loss levels are included in each signal.
AN EXAMPLE OF A FORMAL ENTRY (BUY SIGNAL)
WHEN THE BLUE CIRCLE APPEARS, BUY IT. When you’re starting a new company.
Remember to set a profit target and a stop loss level.
Trend Analysis A word of caution:
- Before trading, be sure the market isn’t expecting any important data.
- If something significant appears on the news calendar, it’s wise to hold off on joining the ensuing movement until they make an announcement.
- Trade during major sessions when volatility is at its highest whenever feasible (the best sessions are usually: EU and US). Any trading timeframe can be used, although the most popular and ubiquitous are standard intraday timeframes like M5 or M15.
- It’s an excellent place to start if you’re new to software trading. To begin, try out the system with a demo account.
- Discover how it works and which trading strategy is best for you. Excessive trading should be avoided.
- Maintain a minimum of two transactions active at all times. (It’s a lot easier.)
- To begin, use a demo account to test the system. Learn how it works and which trading mode is most appropriate for your trading style. Overtrading should be avoided. At least two offers should be active at the same time. (Managing the risk is easy.)
- MM is essential in any trading method. In each trade, try to invest no more than 1-2 % of your account.
We highly recommend trying this trading system for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.