Highlights
📊 Forex and Crypto markets
💻 MetaTrader 4
🔓 Unlimited
🖍 Repainting to be checked
♻️ All Assets
⏰ Timeframe: M15 or higher
🤖 Automate this strategy with NIREDO iTrade Bot
Description
FXSH Trend Indicator was designed for catching the major and minor trends. It generates BUY and SELL signals and works for scalping, day trading and swing trading.
Entry & Exit Rules
Entry signal is produced, when system prints the box of the opposite color. The first black box, it’s a valid sell signal.
Use the opposite signal to close the trade.
You can also use more advanced exit mode. Just watch the boxes produced by the system. If you see a large, wide box, indicating market consolidation, you can use it for faster exit.
If the boxes are narrow, it means that the market moves fast and you can expect larger profit potential.
Buy signal works in similar way. Just wait for an opposite color box to form, and enter with BUY order.
Recommended stop loss should be placed below or above the entry box.
You can also place a stop loss at the round number, or close to important support or resistance area.
Video Review
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