CryptoCurrency News: Trading Contest on Synthetix Aims to Showcase Speed of New DEX Tech

Synthetix is putting over $40,000 in crypto on the line to entice users to try out the faster beta of its decentralized exchange (DEX).

via CoinDesk

[FOREX TIP] AUD/CAD Daily Price Forecast – 18th May 2020

EUR/CHF Daily Price Forecast – 15th May 2020

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

EUR/CHF Daily Price Forecast – 15th May 2020

Trade Summary:

• Sell Stop: 1.05050
• Stop Loss: 1.06136
• Take Profit: 1.04050

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…

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 AUD/CAD Daily Price Forecast – 18th May 2020 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] Price Border Indicator for MT4 | Free Download

Trend Scalp Indicator is designed to make it easy for the scalpers to identify scalping opportunities without any complicated analysis or indicators. Below is how the Trend Scalper Indicator looks like when you attach to a chart. It will open as a separate indicator window just right below the Forex Price chart.

Trend Scalper Indicator for MT4

The Trend Scalp Indicator can easily be understood when you look at it. The blue line indicates that you can consider long and the red line… you can consider shorting the market.

Simple Entry and Exit Rules that you can follow…

To make this Trend Scalp Indicator more reliable, consider adding a filter like a 50 Period Exponential Moving Average.

When the price is above 50 EMA, then you can only Buy.
When the price is below 50 EMA, then you can only sell.

Trend Scalp Indicator for MT4

You can see the above chart for XAUUSD as an example.

First, we will only consider SELL when price is below the 50 EMA.

Next, we wait for the Trend Scalp Indicator to generate a SELL signal.

And finally, this is optional, we use our Elite Swing Trader Indicator for confirmation of a high probability entry.

The Elite Swing Trader will also automatically generate a stop loss for the trade and in this example, it’s 1707.66.

You can learn more about the Elite Swing Trader here.

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 Trend Scalper Indicator.ex4 file

Watch this video to learn more about Scalping…

This is one of the best scalping videos we can find out there… take time to learn from it.

 

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FREE 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 Price Border Indicator for MT4 | Free Download appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies