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My New Forex Daily Strategy
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If anyone don't know, I am using a free Forex Platform called " Metatrader 4" MQ4, MP4. One of the best forex trading platform I think. You can download anywhere in some Forex Broker whoprovide Metatrader 4. Anyways, today I am talking about My Leoforex Daily Chart Trend TradingStrategy.
My Forex MQ4 New Indicator and Setting
After I have been using too much indicator to trade Forex Trading. I decided tolook some simple indicator to trade forex. However, there are two indicator I stilluse in my Daily Trading.
Bollinger Bands
One of my favorite indicator in my life. It is a simple indicator to know how the trend right now.As you see on the Chart, you will know when the price is break the middle line (White Line) of theBollinger Bands, it will go upward and downward. It is very simple to know how the trend going
Mirror Bands
Mirror Band Indicator: Well, I didn’t use the Normal Bollinger Bands. I am using the new BollingBand called Mirror Band Indicator. The setting is 20, 2,
Daily Chart of Mirror Bands
As you see on the Chart the Red line break above the middle white line it will going upward. ThePurple line is the opposite trend of the Red line.
Caution: When both Red and Purple line is almost reaching together, you need to payattention because there will have a new Trend coming up.
QuickFib
This is another indicator called” quick Fib” a Fib indicator to indicate not only the fibonacci line butalso a good trend. Although I didn’t learn any of the Fibonacci Strategy, I know that this indicatorFibonacci line is wrong. The only thing I just like is their Trendline they use. With that reason, Ican set up my
Stop loss
when I enter the trade.
How to use QuckFib?
When you see there are a great blue Line going up which mean the Trend is Bullish (upward).What you should do is to see if there are any opportunity to Buy this currency pair.
QuickFib is NOT For Entry the Trade
Again QuickFib is not for Enter the Trade. I just give you the idea on how is the trend going. If theprice is break below or above their trendline. you may need other indicator to make sure if it is agood opportunity the enter the trade.
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