Forex World.
Best forex strategies and indicators.
Aeron Scalper Expert Advisor.
Aeron Scalper is forex robot for MT4 that very sensitive to broker that you use. Creator of Aeron Scalper EA test it on Real Money account.
Forex Profit Heaper.
Forex Profit Heaper is forex system created by ForexMt4Systems Team. Contain 6 indicators designed fot TimeFrames M5-D1 + PDF used guide.
Full Throttle Forex system.
Full Throttle Forex where you’re going to learn how to apply some new techniques to our old indicators that for the next many years will give you the edge that the players who invented these indicators had 30 and 40 years ago when they created them.
KeltnerPro forex EA.
KeltnerPro forex robot.
KeltnerPro – forex robot that requiresMT4 platform . Most Brokers provide MT4 on their websites.
KeltnerPro should be run on 5 different charts. As a result, is relatively demanding. We suggest that you use a Virtual Private Server (VPS) If you don’t have a very good computer or internet connection.
KeltnerPro must be left on 24/7 to run properly.
Green-Red Fisher Indicator.
Simple green-red Fisher MT4 Indicator.
Fisher Indicator – simple indicator that generate trading signals in separate window . This indicator put mathematical calculations, built on the ratio of current price to the minimum – maximum with extremes of the price of the previous periods .
Top Four must-have Forex Indicators in 2017.
Top four must-have Forex indicators in 2017.
In the world of currency trading, great forex indicators alongside a solid trading plan can prove all the difference between being consistently profitable or falling flat. Here at Littlefish FX we work hard to bring you the very best indicators designed to enhance your profitability.
So read on as we pick out our four must-have Forex indicators for 2017, and explain just why you should be using them every day of your trading life. In no particular order, we start with…
1. Psych Indicator.
What It Does.
Displays neat visual aid on your charts Tracks market psychology to give clear trading signals Measures percentages longs/shorts in a given period Seeks to align with dominant market trend.
Best Thing About It.
Trades against retail sentiment and trades in line with Banks and smart-money flow. Fantastic trend trading system Can be used on all timeframes Easy to understand, clear signals Works extremely well with other indicators to improve entries or even with basic candlestick patterns.
What It Looks Like.
Above we can see an example of the Psych Indicator applied to a candlestick price chart.
The indicator has two key elements to it:
Firstly, the oscillator in the bottom panel, this oscillator is a pictorial representation of the extremes and mid points of the market psychology. Readings above 80 and below 20 suggest extremes in market participants psychology and suggest the potential for a turning point in the price action. Secondly, the arrow alerts that appear on the chart, these arrows suggest a psychological pattern that gives a high probability of price action to follow the candle that the arrow prints above or below. So when a green arrow prints we anticipate bullish price action to follow and when a red arrow prints we anticipate a bearish price action to follow.
How To Use It.
There are numerous strategies we can use based around the Psych Indicator and we go into these in great detail within our Forex Trading Course, but we will of course highlight some basic strategies here for you.
Performance.
Performance for the Psych Indicator was created using a combined portfolio of currency pairs using money management rules we teach in the course based on our own style. Currencies used in this portfolio are; AUDJPY, AUDUSD, EURAUD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, USDJPY. Figures produced by finding favourable risk/reward settings for each currency pair under the conditions seen in the past 11 years. Maximum inter-month drawdown of 17.7%
Video – More Info.
— The Psych Indicator is available free with our Forex Trading Course. To find out more or purchase the course, click here —
2. LFX Order Flow Trader.
What It Does.
Tracks orders in the market to anticipate price movements Combines Order Flow techniques with trend following Displays neat visual aid on your charts.
Best Thing About It.
Made OVER 39,000 Pips in 2014 across six pairs Extremely easy to use and very powerful Works on all timeframes With minor tweaks and optimising per underlying asset, it can make 20% per underlying per year on low to moderate risk Could be the only trading product you ever need.
What It Looks Like.
In the chart example above we can see how the Order Flow Trader indicator is represented on our price charts.
The indicator has two key elements to it:
The indicator creates a pictorial representation of the order flow positioning of the larger market participants It does this in two ways primarily it creates an arrow alert that alerts us to a change in flow green represents buying pressure and red represents selling pressure. The second aspect of the indicator which serves as a continuous confirmation or filter is the shading and dot representation on the charts. Once a green/buying pressure arrow appears the next candle if it confirms the continuation of the current order flow will print a dot under the candle and a shaded area around the candle of the same colour as the order flow direction.
How To Use It.
There are numerous strategies we can use based around the OrderFlowTrader Indicator and we go into these in great detail within our Forex Trading Course, but we will of course highlight some basic strategies here for you.
Performance.
Performance for the Order Flow Trader was created using a combined portfolio of currency pairs using money management rules we teach in the course based on our own style. Currencies used in this portfolio are; AUDJPY, AUDUSD, EURAUD, EURJPY, EURUSD, GBPJPY, GBPUSD, USDJPY. Figures produced by finding favourable risk/reward settings for each currency pair under the conditions seen in the past 11 years. Maximum inter-month drawdown of 15.1%
Video – More Info.
— The Order Flow Trader Indicator is available free with our Forex Trading Course. To find out more or purchase the course, click here —
3. Pin Bar Indicator.
What It Does.
Automatically highlights Pin Bar on your charts Neat, clear visual aid Marks entries, stop loss and reward targets on your charts automatically.
Best Thing About It.
Scans markets for pin bars so you don’t have to spend hours scouring the screens and ensures you don’t miss any trades Fully customisable so you can find and set the parameters for your optimum pin bars Works brilliantly with other indicators for high-probability trade setups. Extremely effective on all timeframes.
What It Looks Like.
There Are Two Key Elements To This Indicator:
In the first chart above you can see the Pin Bar detector highlighting Pin Bars with Red arrows for bearish pin bars and green arrows for bullish pin bars. In the second chart above you can see the Pin Bar detector markers highlighting the Entry, Stop Loss and reward levels for the Pin Bar.
How To Use It.
There are numerous strategies we can use based around the Psych Indicator and we go into these in great detail within our Forex Trading Course, but we will of course highlight some basic strategies here for you.
Performance.
Performance for the Pin Bar Indicator was created using a combined portfolio of currency pairs using money management rules we teach in the course based on our own style. Currencies used in this portfolio are; AUDJPY, AUDUSD, EURAUD, EURJPY, EURUSD, GBPJPY, USDJPY. Figures produced by finding favourable risk/reward settings for each currency pair under the conditions seen in the past 11 years. Maximum inter-month drawdown of 25.93%
Video – More Info.
— The Pin Bar Indicator is available free with our Forex Trading Course. To find out more or purchase the course, click here —
4. COT Indicator.
What It Does.
Automatically downloads weekly COT data from C. F.T. C report Displays clear and easy-to-read measure of positioning both current and historical Maps the direction of market participants.
Best Thing About It.
Used within many funds and hedge funds to generate consistent annual returns If used on 4 or 5 key underlying assets on basic 182 day settings, you can easily return 10% per underlying on low to moderate risk per year. As a retail trader you can use leverage and easily multiply this. Means you don’t have to spend time deciphering the weekly data which can be daunting Gives you a clear directional guide of where Banks & Institutions are trading Allows you to track historical positioning against historical price movement to build profitable trading strategies easily.
What It Looks Like.
In the above chart we can see the COT indicator represented in the 6 panels featuring blue and green lines. Each panel is tracking a different measurement.
Index – A normal stochastic on net positioning Strength – Simply the net long position over the total net position, indicating the strength of the movement in overall positions Momentum – Represents the difference between current Index and same Index 6 periods ago to provide a reference for trends reaching an end point Net Position – Shows how the three types of market operator (Commercial, Non-Commercial & speculator) are positioned WILLCO – An adjusted variation of the Index measure giving a slightly smoother reading Open Interest – A volume tool showing the amount of open positions in the market.
The Indicator Has Two Key Elements To It.
The green line shows the Non-Commercials (Banks & Institutions) that we look to align our trades with and the blue line shows the Commercials ( Corporates, Multi-Nationals) that we want to trade against In the chart above we only use green and blue lines for Non-Commercial & Commercial positioning but there is an option in the settings to turn on red lines showing speculators ( leveraged funds & other reportable)
How To Use It.
There are numerous strategies we can use based around the COT Indicator and we go into these in great detail within our Forex Trading Course, but we will of course highlight a few basic strategies here for you.
Performance.
Performance for the COT Indicator was created using a combined portfolio of currency pairs using money management rules we teach in the course based on our own style. Currencies used in this portfolio are; AUDUSD, EURUSD, USDCAD, USDJPY. Figures produced by finding favourable risk/reward settings for each currency pair under the conditions seen in the past 11 years. Maximum inter-month drawdown of 15.67%
Video – More Info.
— The COT Indicator is available free with our Forex Trading Course. To find out more or purchase the course, click here —
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Patrick has been trading for the past ten years. After liquidating several accounts in his early days he stopped ‘gambling’ and applied himself as a student of risk. Self taught and more self aware thanks to Mr Market. Patrick applies simple technical strategies based around market price and time structure to identify high probability trade locations.
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The best forex indicator in the world.
Identifying market trends correctly is pivotal for attaining success in forex. In order to do that most traders make use of indicators for determining trends and price movements! You will come across plenty of companies offering the best forex indicator in the world , but that cannot be possible! It seems a bit farfetched. However what you should check before choosing an indicator is its features and what the users have felt after making use of it.
Possibly the best forex indicator in the world!
There has been quite some talk about an indicator named CCI Trend Indicator. Some even regard it as best forex indicator in the world . Though that is a different discussion altogether, what this indicator does have is some really amazing features. It works splendidly with not just forex currency pairs, but also functions well with Commodities, ETC market and Stock currencies.
An analysis on ‘possibly’ the best forex indicator in the world.
CCI Trend Indicator is though simple to use, proves to be one powerful tool when it comes to analyzing market trends both low as well as high. As per reviews of its customers, many have considered it to be among the most accurate trend indication tools in MT4 Platform.
As Price Action is a vital aspect, recognizing the trend and then trading with the trend is both essential and fruitful. With the usage of CCI Trend Indicator, you will be able to recognize high and low trends and accordingly enter your trade orders.
When you install it in MT4 terminal, you will find two different bars displaying the market trends. By default, the green bars displayed above and the red bars displayed below the zero indicate the true trend and indicate whether the current trend is moving up or down.
If you come across a true trend surpassing the zero line it means a positive market uptrend and if you find any reading which is below the zero line, it indicates a negative or downtrend market trend.
Another thing which you should know is when you work with it is presence of a thin line (by default - blue in color) passing through both the green and red bars. That line goes by the name of Entry CCI and with that traders would be able to know when the currency price is oversold or overbought against the market trend.
Set up your trend line width, color and style without complications:
Apart from its easy mechanisms another reason why this indicator is known as possibly the best forex indicator in the world is because of it’s easy to read charts. This particular indicator gives traders the option of customizing their charts. There is a CCI setting option where you arrange your setting for Trend CCI inputs and exit periods.
Along with that this indicator also presents you with various color options which you can use to set your indicator line, style as well as width.
Simply download this and test it out through MT4 when practicing and formulating your trades. As said before whether it is one of the best forex indicator in the world is questionable as there are other options such as MACD. But its set of features and conveniences puts it right up there.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
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What is the Best Technical Indicator in Forex?
Now on to the good stuff: Just how profitable is each technical indicator on its own?
After all, forex traders don’t include these technical indicators just to make their charts look nicer. Traders are in the business of making money!
In order to give y’all a comparison of the effectiveness of each technical indicator, we’ve decided to backtest each of the indicators on their own for the past 5 years.
Backtesting involves retroactively testing the parameters of the indicators against historical price action.
Using these parameters, we tested each of the technical indicators on its own on the daily time frame of EUR/USD over the past 5 years.
We are trading 1 lot (that’s 100,000 units) at a time with no set stop losses or take profit points.
Also, we were assuming we were well capitalized (as suggested in our Leverage lesson) and started with an example balance of $100,000.
Aside from the actual profit and loss of each strategy, we included total pips gained/lost and the max drawdown.
Again, let us just remind you that we DO NOT SUGGEST trading forex without any stop losses. This is just for illustrative purposes only! Moving on, here are the results of our backtest:
The data showed that over the past 5-years, the indicator that performed the best on its own was the Ichimoku Kinko Hyo indicator.
Surprisingly, the rest of the technical indicators were a lot less profitable, with the Stochastic indicator showing a return of negative 20.72%.
Furthermore, all of the indicators led to substantial drawdowns of between 20% to 30%.
However, this does not mean that the Ichimoku Kinko Hyo indicator is the best or that technical indicators as a whole are useless. Rather, this just goes to show that they aren’t that useful on their own.
Think of all those martial arts movies you watched growing up. Aside from The Rock and the People’s Elbow, no one relied on just one move to beat all the bad guys. The Rock used a combination of moves to get the job done.
Forex trading is similar. It is an art and as traders, we need to learn how to use and combine the tools at hand in order to come up with a system that works for us. This brings us to our next lesson: putting all these indicators together!
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Opportunity is missed by most people because it is dressed in overalls and looks like work. Thomas Edison.
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