Which indicator is best for forex trading? Band waves arrows strategy is the best indicator system for forex trading. It is a non-repaint indicator. The best time frames are 15 minutes,30 minutes & 1hour. This trading system is working with any forex currency pairs.
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Which indicator is best for forex trading.
How to install this forex trading system for the meta trader platform.
Open forex meta trader platform>open data folder>open MQL4>open Indicator folder>insert all ex4.files to indicator foldder>open Template folder>insert tpl.file to template folder>restart meta trader platform or otherwise restart navigator.
How to trade from Band wave arrow system.
The rules for the forex Buy trade.
When appearing Blue arrow for the upper direction its time to forex Buy trade. At that time FL22 indicator should change to green color & it must begin below the purple line of the FL07 indicator. If all conditions met open a buy trade.
The rules for the forex Sell trade.
When appearing Yellow arrow for the lower direction its time to forex Sell trade. At that time FL22 indicator should change to red color & it must begin above the Blue line of the FL07 indicator. If all conditions met open a Sell trade.
You can exit, with an opposite arrow or when the FL22 indicator changes its color in the opposite direction. Place stop loss level higher high level or lower low level.