Currency pair trading Indicator. Enter Signal Indicator is best to enter and exit to trade with other trend filters. This Indicator has up & down Arrows. Arrow signal validate after closing the current candle. you can apply for any time frame & any currency pairs. you can change indicator settings as you wish. This indicator is a repaint indicator. Therefore don’t use to confirm entry point. Use to get the only idea about trend reversal.
How to trade with Currency pair trading Indicator.
See the above picture. There is a deep trend indicator with entering signal. How can you enter to sell trade with this combination? When a deep trend indicator turns red color & on that time appear down pink arrow, you can enter for a sell trade. The deep trend indicator is turned to blue color & at that time, appear blue up arrow, then you can enter for a buy trade. You can filter trends with a higher time frame. If you trade in a 1-hour time frame you can follow a trend of 4-hour time frame & 1-day time frame. If you trade in the 15-minute time frame you can follow the trend of 30 minute & 1-hour time frame.
When you enter the trade you can place stop loss for a higher high or lower low. If not you can place 30 pips, 20 pips…You must decide your stop loss, how much you can take a risk. You can place take profit to a 1:2 risk reward ratio. what is that mean? If you place 10 pips for stop loss, then you must place 20 pips to make a profit. If you place 20 pips for stop loss, then you must place 40 pips to take profit. Follow this entry point arrow with the trend. Don’t trade against the trend. Remember Trend is your friend.
When you enter your trade do place stop loss.
Use higher high or lower low.
Exit trade when received the opposite signal or as you wish.
Otherwise, you can use the Trailing stop.