CryptoCurrency News: Power Ledger’s Blockchain P2P Energy Trial ‘Technically Feasible,’ It Says in New Report

A solar energy trading trial run by blockchain startup Power Ledger has found its initiative to be "technically feasible."

via CoinDesk

[FOREX TIP] CAD/CHF Free Forex Trading Signals – 22nd June 2020

CAD/CHF Free Forex Trading Signals – 22nd June 2020

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

CAD/CHF Free Forex Trading Signals – 22nd June 2020

Trade Summary:

• Buy Stop: 0.70262
• Stop Loss: 0.69546
• Take Profit: 0.71006

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…

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Click here to learn more about the Price Action Society.

The post CAD/CHF Free Forex Trading Signals – 22nd June 2020 appeared first on Advanced Forex Strategies.

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CryptoCurrency News: Italian Banks Are Ready to Trial a Digital Euro

The Italian Banking Association announced last week that its banks were interested in piloting a digital euro.

via CoinDesk

CryptoCurrency News: Crypto Long & Short: What Changed My Mind About Bitcoin Narratives

Is bitcoin having a good year or not? As an industry, we need to work on honing our understanding of the many narratives, and how they can influence value.

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CryptoCurrency News: Bitcoin Only Matters Because the Game Is Rigged

The reason Bitcoin is likely to be important to the future isn't about the technology, it's about the modern world where money is abused for the benefit of the few and to the detriment of the many.

via CoinDesk

[FOREX TIP] Harmonic Pattern Scanner Indicator MT4 | Free Download

The Currency Heatmap Indicator MT4, as the name suggests is a quick and easy-to-use reference to gauge the strength of different currencies.

Using this indicator, you can get a good idea on the strongest and weakest currencies in the market.

The Currency Heatmap Indicator provides a bird’s eye view on the overall market and if you like trends, it makes perfect sense for you to trade the strong trending currency against a weak trending currency.

Using this Indicator, it allows you to quickly identify the strong trends and jump into the currency pairs to trade with them.

We strongly suggest that you use the Currency Heatmap Indicator as a filter to identify trending trading pairs and NOT to use it on its own.

It’s most useful to help you identify trending pairs but the entry will have to be with a good momentum indicator like our Simple Trend Trading.

 

When to go long using the Currency Heatmap Indicator?

The strength of the uptrend is rising when you see the Currency Heatmap Indicator turning green for the currency pair of your choice.

Following this, take a long position in the market.

Currency Heatmap Indicator: When should you go long

When to exit your long positions?

Exit your long positions when you see that the currency pair is changing its color.

This means that the previous bullish trend is now easing.

Alternately, use a risk-reward set up to lock in profits at steady intervals.

Currency Heatmap Indicator: When should you short

When to go short using the Currency Heatmap Indicator?

Identify the currencies that exhibit a strong downtrend.

This means, look for two currencies that are red and then take a short position immediately.

It is recommended that you capture the shift in the currency strength early on to make the most of the trend.

When to exit your short positions?

You can exit the position until the trend starts to change.

However, this can be a bit difficult in real-time.

Therefore, start with a fixed risk reward set up and leave the rest of your position open at break-even to take advantage of the trends when they are strong.

Where to set the stop loss using the Currency Heatmap Indicator?

Because these are trend based trading signals, it is recommended that you set your stops by identifying the recent pivot highs or lows.

Set your stop loss a few pips above this level.

Conclusion

The Currency Heatmap Indicator can be used to trade by itself.

However, this indicator is more of a reference indicator than a buy-sell indicator.

Therefore, for optimal results, it is recommended that you use the Currency Heatmap Indicator for reference and then apply your own trading strategy on the currency pair that you have identified.

How to Increase Your Winning Ratio with the Currency Heatmap Indicator MT4?

When you add the Stochastic Cross Alert 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 or even higher for better consistency.

Click Here for Your Free Download of Trend Intensity Index Indicator.ex4 file

How to Install Custom Indicators on MT4 on Windows

How to Install Custom Indicators on MT4 on Mac OS

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FREE Metatrader 4 Download | 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 Harmonic Pattern Scanner Indicator MT4 | Free Download appeared first on Advanced Forex Strategies.

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