Forex X Code Indicator - Format .ex4
Description: Forex X Code is a very simple forex trend indicator. Using Forex X Code is recommended as part of the main trading system. Indicator Forex X Code gives very good results in a strong and volatile market is not very effective during the quiet movements. So use Forex X Code better on major currency pairs in the European and American sessions.
Characteristics of strategy Forex X Code Indicator
Type of strategy: Trend
Currency pairs: Major
Trading Time: European and American session
Timeframe: Recommended M15 or higher
M15, H1 and H4 time frames would be perfect for Forex X Code Indicator, due to the reason that the trend are more clearer on these time frames.
Rules for opening a long position:
Major trend should be up. This can be found out by looking at the information, that is displayed on the top right corner of the main chart window
Forex X Code indicator should be light blue in color
Place your Stop Loss just below the recent swing low
Exit (Take profit), when the Forex X Code indicator turns red
Rules for opening a short position:
Major trend should be down. This can be found out by looking at the information that is displayed on the top right corner of the main chart window
Forex X Code indicator should be red in color
Place your Stop Loss just above the recent swing high
Exit (Take Profit), when the Super Trend Profit indicator turns light blue.
If the indicator to draw a horizontal line, it indicates that the market is weak and it is better not to make trades.
Buying this Forex X CodeIndicator, you do NOT 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.