Forex trading is a simple business if you know what’s you are doing. Almost all the traders even pro traders make this forex trading very complex. As a result, almost 95% of traders lose their hard-earned money to the market. If you can follow a simple step-by-step process and if you can control your emotion, you can easily make profits from the market.
Forex indicator can be a good choice for you. You can have a well-proven strategy, but you know human error happens or sometimes our understanding is not enough. That’s why a proven trading indicator can easily help you to make decent profits regularly. By the way, if you like you can also check out other forex indicators we shared here, for example, Mana Forex Indicator or MPS Forex Indicator.
This forex indicator is created based on a pure Stochastic Oscillator strategy. But normal parameter is not being used to this forex indicator. The indicator creator tested this strategy with an indicator for several years and comes with this almost perfect setting.
RSI, Stochastic, MACD all three indicators are used for this forex indicator. all these instruments can tell you if the price is overbought or oversold. In the Stochastic Oscillator indicator, you need to know that 20/80 or 30/70 are not the correct settings. It’s further from the truth.
We experience that every true Stochastic Oscillator market respect. Each level of the overbought and oversold present about 80% to 93%. If you can take any of the trade you can make high risk to reward using this forex indicator
You can use this forex indicator for your mt4 platform. This forex indicator is compatible with any time frame. And Usually major current pairs work best for this forex indicator. But you can test other commodities and stocks.
As this forex indicator can give us high profits and risk-reward ratio, you can start with as low as a $100 balance. But the more balance you have the better. We recommend following proper money management and trading rules. For example, you can take a 1%-5% risk of your balance to each trade. So you will not lose your entire balance with the single trades.
As retail traders, we have to use a forex broker for trading. For the accuracy of each trade, we recommend using a low spread broker. We found that fxview, ICMarkets, and only a few others provide low spared for each currency pair. But some low spread broker commission is high. You can check everything before you are putting your real money into the broker.
No forex indicator is 100% profitable. Sometimes you will lose, even pro trades do not win always. That’s why they recommend following proper money management. But you can get as high as 80% winning rate using this forex indicator as to the indicator creator mentioned.
Do not depend on other people testing results. Reality might be different when you are testing on your own. That’s why test several times this forex indicator before putting any real money on it. After you are getting good results, you can go to real money and make real money.
You can find all the download details from the below descriptions.
How to use:
Step 1: Register Zero Spread Broker: https://provenbinarybot.com/ZeroSpread
Become Funded Trader 10K-200K: https://provenbinarybot.com/ftmo
Step 2: Download the Forex Indicator or forex system
Step 3: Install the Indicator to your MT4 platform
Step 4: Run the Indicator to your demo account first
Step 5: Do some trade to your demo account according to the forex system or indicators
Step 6: Go to real account and apply the proven system
Step 7: Make Profit
Recommended Settings:
Recommended balance minimum $500
Initial Lot: $0.01
Time frame: 1 hour/4 hour
Please watch this trading video after download
Contact: pforexindicators@gmail.com
Get All Forex EA and Forex Indicator (+Upcoming): https://provenbinarybot.com/All-Forex-Indicators-EA
Stochastic Oscillator Indicator Download
