We will long only if moving average is sloping upward. You will open a buy order when the price hits SMA on hourly time frame.
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You will use stop loss below the previous support line. If you are having trouble with support and resistance levels you can use automated supply and demand indicator too. You will open a buy order when the price hits 20 SMA on hourly time frame. You will open a sell order when the price hits 20 SMA on hourly time frame. You will open a sell order when the price hits SMA on hourly time frame.
Introduction to the Laser Forex Reversal Indicator
Condition 6: SMA sloping downwards, you get a yellow bullish arrow. You will use stop loss above the previous resistance line. Just like condition 1, if you are having trouble with support and resistance levels you can use automated supply and demand indicator too.
Note: This indicator was developed by third-party. AtoZ Markets does not carry any copyrights over this trading tool. Publish on AtoZ Markets.
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Restart your Metatrader platform. FX-mah Reversal Indicator Explanation.
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FX-mah: Buy Parameters. FX-mah: Sell Parameters. Share on:. Recommended Brokers.
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Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital.
It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money.