a-ads

Tuesday, May 26, 2020

[FOREX TIP] EUR/AUD Free Trade Signal – 27th May 2020

EUR/AUD Free Trade Signal – 27th May 2020

This trade idea was generated by our powerful Elite Swing Trader System on an H4 time frame.

EUR/AUD Free Trade Signal – 27th May 2020

EUR/AUD Free Trade Signal – 27th May 2020

Trade Summary:

  • Sell Stop: 1.64769
  • Stop Loss: 1.65470
  • Take Profit: 1.64050

When you spot a mistake especially when it comes to the price, please use common sense and check the chart.

We wish you good luck and good profit for this trade idea. For more trade ideas, join the Price Action Society

http://www.priceactionsociety.com

If you like our analysis and would like to receive 3 to 7 trade ideas per day, then
Click here to learn more about the Price Action Society.

The post EUR/AUD Free Trade Signal – 27th May 2020 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

[FOREX TIP] TMA Slope Indicator for MT4 | Free Download

The TMA Slope Indicator for MT4

The TMA Slope Indicator is a custom Indicator which works as an oscillator.

It is visually appealing, and the Indicator plots buy and sell signals as and when the oscillator cuts across the zero line.

The TMA slope can be used as a trend determination Indicator and it also captures the big and small movements depending on the Indicator’s settings.

TMA Slope Indicator: When Should You Long

TMA Slope Indicator: When Should You Long

When You Should Go Long Using the TMA Slope Indicator

First look for the TMA slope Indicator to change its color while still below the zero line.

Then place a long pending order on the recent swing high point.

Ideally, the long position is triggered alongside the TMA slope Indicator also rising above the zero line.

When Should You Exit Your Long Position

Exit your long position using a fixed risk to reward set up.

Alternatively, you can use the TMA slope Indicator.

When it changes color from Blue to Red while above the zero line, then close the long position.

TMA Slope Indicator: When Should You Short

TMA Slope Indicator: When Should You Short

When Should You Short using the TMA Slope Indicator

Enter a short position when the TMA slope is still above the zero line but the color changes to red.

Then wait for the price to close and then go short at this level.

When Should You Exit Your Short Position

Exit the short position with a fixed risk to reward set up.

Alternatively, trail your stops until you see an opposite direction signal that is forming.

But note that this second method works only when the trend is strong.

Where to set the stop loss using the trend reversal Indicator

For long or short positions, always look to the recent swing high or low points that are formed prior to your trigger for initiating the position.

You can then move the stops to break even level after the price has moved considerably in your favor.

Conclusion

The TMA Slope Indicator is a simple Indicator based on the combination of the TMA Indicator.

Because it works as an oscillator, this Indicator is a good depiction of the trends in the price chart.

The TMA slope Indicator can work on any time frame as well.

Increasing Your Win/Loss Loss Ratio

When you add the Momentum Reversal Detector Indicator and use it together with a proven trend trading system like the Elite Swing Trader or Simple Trend Trading System, you can only expect to achieve a better win ratio and better risk-reward ratio.

Recommended Time Frames

Technically speaking, you can use this MT4 indicator for all time frames.

However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly.

We recommend that you use higher time frames like the H4 for better consistency.

Click Here for Your Free Download of TMA Slope Indicator.ex4 file

How to Install Custom Indicators on MT4 on Windows

How to Install Custom Indicators on MT4 on Mac OS


FREE MT4 Download

Visit our Free MT4 Indicator Download page.

We hope you have enjoyed this post as much as we have created this strategy post for you.

Good luck and thank you for your readership.

The post TMA Slope Indicator for MT4 | Free Download appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

CryptoCurrency News: Private Firms Can Boost Central Bank Digital Currencies, IMF Official Says



Synthetic CBDCs could let the private sector manage digital currencies backed by central banks, says the IMF's Tommaso Mancini-Griffoli.

via CoinDesk

bitcoin faucet

Popular Posts