or sell trade set up, then you can look to the lower indicators for final signal confirmation. For a long position entry, the prices have to be from the blue channel zone or below and there must be a green candle that closes to trigger a buy trade signal. This indicator is very effective at trend strength measurements, and I use this indicator for my primary price/indicator divergence tracking. You can enter your trade with market or limit orders as the system is designed for either type of entry. At the close of a properly qualified trade entry candlestick, you then enter your trade at the open of the following candlestick. All hook pattern indications, either above the.40 level or below the.40 level, are lower probability environments. As price trades into or through the channel zones we have our next requirement before we can have a valid trade entry signal.
The example below shows what happens as a trend accelerates. This indicator will help you to stay away from trades when price momentum is too strong as you see possible trade entry signals. Traders that have experience will find that limit order entries are typically more efficient and offer better trade entry pricing.
The FCT system requires a green candle close for a long trade signal and a red candle close for a short trade signal. This indicator must have some red bar showing at candlestick close for a qualified short trade, and there must be some blue bar showing at candlestick close for a qualified long trade. Keep in mind, the more angle you see in the price channels the stronger the trend. Open demo account to test this system. Victoria Victoria, Mahe, Seychelles. No doubt it has been 2103573034 bitcoin chosen as the best platform for trading Forex! You only have to learn how it works and how to interpret the various signals that it gives. These templates are the l and the.