is a forex trading indicator. It is a very simple forex trading indicator and it does not require any extra ordinary skills of the forex trading and the metatrader platform. Thecan be used in any time frame and it can be used to trade with any currency pairs. It is best when you combinealone might not give accurate signals to buy and sell. However, to a certain degree,indicator works great to figure out the direction of the market.
When you trade withFx primeyou need to be extra discipline. You cannot make money by trading with this system if you do not have that level of discipline. WhenFx Primeindicator is correctly installed in your trading platform, your chart should look like this:
Fx primeconsists of green and red lines in the indicator window. The green lines indicate buying while the red lines indicate selling. You can know when the trend is starting and when the trend is ending with the help of grey dots that you see in the thick line. Suppose, when you see a grey dot and then green line, you should understand that the upward swing is starting and when the grey dot forms again you should understand that the upward swing is ending. The case is same with the downswing potentialities.
The general trend of the market should be up.
Place your long position as soon as above conditions are met.
Place your stop loss just below the recent swing low.
The general trend of the market should be down.
Place your short position as soon as above conditions are met.
Place your stop loss just above the recent swing high.
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Filed Under:Free Metatrader IndicatorsTagged With:bar indicator
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