Forex profits YMS-PRO Template is a good forex trading template. You can use this any time frame & any currency pairs. There are three different indicators. You must enter to trade when all indicators are in one direction.RSI oversold and overbought levels will give a high effect on the entry point.
How to enter a trade with Forex profits YMS-PRO Template?
When you enter a sell trade, the super trend histogram indicator is must be in above RSI 90 level & the histogram candle must be in red color. At that time if you got a red arrow then you can enter for a sell trade.
When you enter for a buy trade, the super trend histogram indicator is must be in below RSI 10 level & the histogram candle must be in blue color. At that time if you got a blue arrow then you can enter for a buy trade.
However, before you enter for any forex trade, give attention to high impact forex market news. Because the market direction can be changed suddenly. So always use money management. when you enter for a forex trade, place stop loss. Once you hit your stop loss, don’t enter to trade again & again. Be patient & wait until appear a new signal. Don’t enter to trade when the forex market range.
You can exit your trades when both indicators appear together. If not, use trailing stop or, exit when you hit your target profit pips. When your trade gets the profit, you can move the stop loss to the entry point. That method always will give risk-free for your account balance.
If any indicator will not agree with the same trend direction, don’t enter trades at that time. When you trading forex, keep your self-control. Any forex strategy can fail with high impact forex market news. So you must get your own risk & create good money management.keep in mind, forex is not gambling. It is good business.