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What is the best Forex trading indicator?

by Yasela   ·  January 16, 2020   ·  

What is the best Forex trading indicator?

by Yasela   ·  January 16, 2020   ·  

What is the best Forex trading indicator : Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world’s currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. All the world’s combined stock markets don’t even come close to this.

According to my experience, I recommend following strategies as the best forex trading strategies

What is the best Forex trading indicator : Best forex trading strategies

  1. 70% non repaint strategy
  2. OSOB trading system
  3. Non lag indicator
  4. RSX indicator strategy
  5. J TPO indicator strategy

Let’s take a deep look into them

What is the best Forex trading indicator : 70% non repaint strategy

This strategy is Not a Reversal Strategy and also not a Trend following strategy . So what is it then. We Trade Opposite Direction once we got the signal candle. That means if you got a Bearish red candle for the signal. Your entry Trade must be a Bullish and vice versa. You may call this a reversal strategy but sometimes it goes with the current trend.

I’m recommending to use 5 minuter time frame with 5 minute Expiry.
You only get 5-10 average Signals per day. That means you might get 10 or 15 signals in some day and get 1-2 signals in another day

This system is for manual trading.
You must have screen time for using this strategy
This is not get rich quick strategy. If you do your Money management correctly. You’ll get sure shot trades

What is the best Forex trading indicator : OSOB trading system

Non Lag Non Repaint Binary Options Reversal Indicator (90% winrate*)

The basic idea of this Indicator Strategy is to look for oversold and overbought levels of FBFOREX_Rock. When the indicator is oversold or overbought we prepare for a reversal. There’s a high chance of next candle to be a reversal candle.

But keep in mind this can be used as a Trend following indicator also. You can use this indicator alone or for better results combine it with a low win rate strategies and see the mind-blowing results because this is a good signal confirmation indicator.

Time Frame : 1M,5M,15M
Expiry Time: 1M,5M,15M
Entry: 2-3 Seconds Before Previous Candle Expiry

* You only get 90% win rate if you follow these guidelines

Only Use in Flat Markets (As this is a reversal indicator skip trending markets)
Don’t use Martingale
Avoid 30 Min Before and After Major News Releases
Don’t Trade on High Volatile markets where chart goes too fast
If you get 2 consecutive losses stop trading and move to another currency Pair or Trade Next Day
Tested for EUR/USD . Should Works with other currency pairs too
Best time frame is 5M candles

What is the best Forex trading indicator : Non lag indicators

5 MT4 Indicators Non Repaint Non Lag Indicators Forex Binary Options Stock High Win

These Great indicators are Non-Lag , Non-Repaint and Does not redraw after refresh of the chart. Most of them are used as reversal indicators but you can use them as well as Trend following indicators.

Best works for lower time frames.

What is the best Forex trading indicator : RSX indicator strategy

This is also a trend reversal indicator. We get signal for entry when indicator hits oversold and overbought levels. Lots of people don’t like reversal strategies and OS/OB indicators. But the truth is you can use depends on your perspective. If someone looked at the indicator on the point of view of forex that may be a bad indicator. If someone sees it in the point of view of Binary options or swing trading or Trailing. It may be the best indicator for him. likewise, this indicator is best for lower periods and lower time frames. That’s according to my personal experience. Of course, you are free to try it on other timeframes and different periods. There’s no limit .

This strategy is based on the Rsx indicator. Rsx Indicator Strategy is a non-repaint indicator. Credit goes to the author Nick Bilak. This is also a great indicator to determine trend reversal. And also this is used for some trend following systems.

What is the best Forex trading indicator : J TPO INDICATOR STRATEGY

What is the best Forex trading indicator

I’m going to talk about strategies based on default Indicators and also Custom indicators. This one is based on a custom indicator named J TPO. The idea behind this indicator is the RSI indicator but smoother than default RSI. J TPO indicator is promising. You can combine it with lots of different strategies and use it as a confirmation. J TPO indicator strategy can be used as a Reversal Indicator as well as a Trend following indicator. It depends on the settings and the way you use it. If you are reading this first, I recommend you to see here how I found these strategies.

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