Be Forex Guru Indicator
Description: The Be Forex Guru Indicator consists of a plurality of indicators, collected into one. Therefore, the analysis of its signals is very simple, because you need to follow one indicator and not several. Be Forex Guru indicator works very well on the volatility of currency pairs. Therefore, using it to trade better on major currency pairs in the European session.
This Indicator was designed and programmed by Mr. Juan Antonio España. The indicator is very simplified to use. It is best for both Forex professionals and Forex beginners. In actual fact, when a Forex beginner trades using this indicator, he or she will make profits just the same way a Forex guru (professional) does.
Sometimes it is viewed as a combination of several specific indicators of which it is really is. Then the indicators are synchronized to work in harmony with each other. This indicator (Be Forex Guru Indicator) is programmed to avoid markets, that have a sideways movement. That is the reason as to why you will notice, that this indicator is not very good, when the market have no large swings.
This indicator generates signals in real time only and never repaints its past signals.
Characteristics of Be Forex Guru Indicator
Currency pairs: Majors
Trading Time: European session
Time-frame: Any, recommended M30 or higher
The Be Forex Guru Indicator consists of a wave like line, that changes its color from red to green by default. However you can change the colors to use as you like. The line becomes red, when indicating that the market prices trend is downwards. It changes to green, when the trend is upwards.
There is also red and green arrows that do appear. These arrows act as the signals. They appear at the beginning of the trend. Therefore they appear at the beginning of the formation of either the red or green segments of the line.
Rules for opening a long position:
The trader should place a buy, when the green arrow appears. The trade should also be placed at the beginning of the formation of the next candle, that appear after the formation of the green arrow. Then the line have to be green do not place a buy trade, even if the green arrow appear and the line is still red.
Exit when a signal reversal
Rules for opening a short position:
The trader should place a sell after the red arrow appears. The trade should be placed at the beginning of the next candle. The line has to be red.
Exit when a signal reversal
Buying this Be Forex Guru Indicator, you have a full access to the Code and Parameters.
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore, it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, expert advisors (EAs), scripts and/or indicators will result in profits or not result in losses.