How To Double The Account In 1 Day? You can help thousands improve their trading! Who’s online There are currently 56 forex margin online. Submitted by User on June 4, 2009 – 04:24.
Hello Edward – Here is another strategy your viewers may like. Strategy by : Navin Prithyani www. ADX Indicator or Average Directional Movement Index gives you a reading of how strong the market is trending. We will use this to our favor and combine it with Fractal Indicator to pick a high probability trade. These indicators can be found by default in your indicators list on your Metatrader 4 platform.
To explain it easier, a Up Arrow Fractal forms when there is a lower high on both sides of a candle. When the ADX is trending by seeing the blue line rising steadily, we look for Fractals to jump in the trend. We do not take all Fractals, only the ones with tails pointing to the Fractal. Let me explain this in a bit more detail and as simple as possible with some examples.
I will also be posting a video tutorial with this to help understand this method. When you see this Down Arrow Fractal, enter Long. Place stops 5 pips below the low of the Fractal Candle. Exit using proper money management or upon the cross of the dotted green and red lines in the ADX.