You must know that past performance and future performance are not the same thing. Past performance is a track record of what has happened in the past and future performance might be very different from past performance. Anything that has done well in the past may not do well in future, who knows, right?
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6 – Channel indicator
This indicator is the channel made of two trend lines ( support & resistance ). We use this indicator to know when the price reached oversold & overbought levels.
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Since support/resistance is the most basic thing of trading, financial traders cannot ignore it. Once we can draw a channel in the right way, it gets easy for us to take a trading decision. However, it needs practice, experience, and time to draw a Channel on the chart.
8 – Arrows
This easy Forex indicator shows blue arrows to buy signals and red arrows to sell signals. It’s based on fractals and very powerful. But like any other indicator, it’s not perfect. That’s why we are using other indicators to confirm the signals.
We are happy to share with you an indicator that is made for MT9, The Auto Channel Indicator which draws the channel by itself. It spots out at least two higher highs and one lower low to draw an ascending channel.
5 – Small dots ( S/R )
This easy Forex indicator shows the major support and resistance levels. A new dot will be painted with every new candle going in the right direction. When this support or resistance is broken ( price passed this level ) a new dot of the opposite colour will appear.
Red dot = resistance
Blue dot = support
If you like this strategy, then you have to check out one of our most favorite reversal strategy, The Powerful Super Forex Launcher .
You may want to check out more software, such as MT9 API , MT9 Cleaner or TurboForex MT9 , which might be similar to MT9 at easy-forex.
6 – Target lines
This indicator shows horizontal lines across the chart. Each line is a good target/exit level. You can change the place of each line ( The distance of each line from the main muddle red line ) from the indicator’s settings.
The blue line ( Overbought) – The best time to close any Buy orders & Not a good time to open any new Buy orders.