If you know what you're doing, forex trading is an easy business. Almost all traders, including professional traders, make forex trading extremely complicated. As a result, nearly 95% of traders see their hard-earned money disappear into the market. You may easily benefit from the market if you can follow a basic step-by-step approach and control your emotions.
For you, a forex indicator could be a good option. You can have a tried-and-true technique, but you also know that human mistake occurs and that our understanding isn't always sufficient. As a result, a reliable trading indicator can simply assist you in generating consistent earnings. By the way, if you're interested, you may look at the other forex indicators we've included here, such as the Mana Forex Indicator or the MPS Forex Indicator.
This forex indicator is based on the Stochastic Oscillator approach in its purest form. However, this forex indicator does not employ standard parameters. The author of the indicator put this method to the test with an indicator for several years and came up with this nearly ideal setting.
This forex indicator employs the RSI, Stochastic, and MACD indicators. All of these tools can inform you if a price has been overbought or oversold. You should realize that 20/80 or 30/70 are not the recommended values for the Stochastic Oscillator indicator. It could hardly be further from the truth.
Every authentic Stochastic Oscillator market respects us, we've discovered. About 80% to 93 percent of the overbought and oversold levels are present. You can use this forex indicator to make high risk to reward trades if you can take any of the trades.
This forex indicator is compatible with the MT4 platform. Any time frame can be used with this forex indicator. This forex indicator works best with main currency pairs. You can, however, experiment with different commodities and stocks.
You can start with as little as a $100 balance because this forex indicator can provide us with large returns and a favorable risk-reward ratio. However, the more equilibrium you have, the better. We advise adhering to sound money management and trading principles. You can, for example, risk 1% to 5% of your account balance on each trade. As a result, single trades will not cause you to lose your entire balance.
As retail traders, we must trade with a forex broker. We recommend utilizing a low spread broker to ensure the accuracy of each deal. We discovered that only a few other brokers, like fx view and ICMarkets, offer low spares for each currency pair. However, some low-spread brokers charge a hefty commission. You may double-check everything before putting your real money on the line.
There is no such thing as a profitable forex indicator. You will lose from time to time; even professional traders do not always win. That is why they advocate for sound financial management. According to the indicator inventor, you can earn as high as an 80% winning rate with this forex indicator.
Do not rely on the findings of other people's tests. When you test on your own, the reality may be different. That is why you should test this forex indicator numerous times before investing real money in it. You can move on to real money and make real money if you've achieved good achievements.
How to apply:
- Step 1: Create an account with a Zero Spread Broker at https://www.icmarkets.com/global/en/.
- Become a Funded Trader ($10,000-$200,000): https://provenbinarybot.com/ftmo
- Step 2: Save the Forex Indicator or Forex System on your computer.
- Step 3: Download and install the indicator on your MetaTrader 4 platform.
- Step 4: First, test the indicator on your demo account.
- Step 5: Use your demo account to trade using the forex strategy or indicators.
- Step 6: Apply the proven approach to a real account.
- Step 7: Earn Money
Setting suggestions:
- A minimum balance of $500 is recommended.
- $0.01 for the first lot
- Time limit: 1 hr./4 hr.
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