This indicator was developed and submitted by megafxprofit.com. It is an all currency pairs indicator that is suited for any currency pair of your choice. It is also an indicator that is designed for use on all timeframes. The indicator is also usable on all trading brokers; you can use it when trading with XM brokers, hot forex brokers, Alpari Brokers and so forth. It is also an all session trading indicator.
For you to use this indicator to trade, you don’t require to be too much experienced in trading. This indicator is actually designed to help the traders make profit when trading. Therefor it is a tool of aid for the traders. If correctly used, it can lead to a profit of about 150 pips per day.
The indicator is displayed on a different chart below the main trading chart. Even the signals that are provided are displayed on the indicator chart that is usually below the main trading chart. You trading chart is left clean. However you may opt to add other indicators of your choices if they are necessary. Especially an indicator to show the spread so that you are aware of the amount of negative that your order will enter the market with.
The indicator forms a wave line that changes its color between red and green. There is a straight yellow line which when the wave line crosses it changes its color. The yellow line is at a zero level. Once the megafxprofit wave line crosses this yellow straight line to the bottom, its color changes to red. Then when it crosses upwards, the line becomes green.
The indicator gives a trading signal every time the wave line crosses the yellow straight line. The signals are displayed in form of arrows. The arrow can either be red or green and it is given after one to two candles form in the same directions of the trend after the wave line crosses the yellow straight line. Therefore, you should not place a trade immediately the wave line crosses the yellow straight line. You should be patient and wait for the indicator to confirm the trend with an arrow signal.
Opening trades when using the Mega FX profit indicator.
If you are using the Mega FX profit indicator, you should trade with a lot of confident. The indicator is proven and its signals are usually efficient with very minimal chances of errors.
For you to place orders you just need to watch for the arrows on the indicator chart. If a green arrow appears, then you should place a buy order. If a red arrow appears, you should place a sell order.
Illustrating how to use the Mega FX profit indicator to open and close trades.
This indicator is best for traders that watch the market 24/7. Once you place the trade, you wait for an opposite signal to be given and close your previous order as you place another opposite order if the take profit that you set isn’t realized. You can trade on a single currency pair and have a running trade at all times since once you close an order, you open another.
Mega-FX-Profit-Indicator . rar
Source : forexobroker.com
No comments:
Post a Comment