This simple indicator gives you a lot of useful information - when to enter, when to exit
and how to reduce risks by entering a trade on a double confirmed signal - in our casewe open a trade on the 2nd bar..
DOWNLOAD FX Sniper Indicator (right click - SAVE AS..)
This system is very simple to follow - Use FX Sniper T3 CCI as your main strategy.
Enter when the SECOND red or green bar appears and Exit when the blue line crosses zero line.
You can actually enter a trade on the 1st bar ( do not wait for a second bar ) but in this case your
entry signal will be not confirmed.
Place your stop loss 2-3 pips below ( when buy) 2-3 pips above ( when sell) of the previous candle.
Example: Buy at 1,4000, Previous candle low 1,3990, SL should be 1,3990-2pips = 1,3988..
An opposite rule works for the sell orders.
Timeframes: M15 to 4H
Pairs: All major pairs.
Try this simple system and you will be impressed how powerful it is.
Happy trading
There are many indicators that can aid one’s trading good, excellent, or worse. In the world of Forex indicators, lots of traders, particularly the veterans, who prefer to use the metatrader 4 indicators. This is a tool that can be relied on, especially when it comes to making critical trading decisions. It can help you by letting you know the next step that you should take. Suffice to say, Forex trading entails making good decisions and moves.
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