Forex trading for beginners

Forex trading strategies

MT4 indicators

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As you can see from the demo video, each buy-sell signal generates at least 100 pips on H1 timeframe. So the strategy is simple and profitable, take 100 pips of profit from each buy-sell signal.


Indicators
EasyTrendFollower indicator
Time Frame
1 Hour Only (very important!)
Pairs
Any pair appears to work as this is strictly technical analysis.
Long Entry Rules:
Enter a buy in the market if the EasyTrendFollower indicator forms an upward pointing blue colored arrow that is aligned below price bars, it is a buy signal.
Stop Loss for Buy Entry:
Place stop loss above LH (see picture below)
Buy Trade Example
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Sell Entry Rules:
Enter a sell in the market if the EasyTrendFollower indicator forms a red downward pointing arrow that is placed above price bars, it is a sell signal.
Stop Loss for Sell Entry:
Place stop loss above HL (see picture below)
Sell Trade Example
forex indicators mt4
WHEN TO EXIT
We recommend setting a T/P to 100 pips.

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forex trading for beginners - this indicator makes forex exchanging simple for tenderfoots and the more experienced.