DXTrade Forex
Our Best Trading Signal Indicator
The arrows appearing on the candles are a conglomeration of years of trading, reading and testing.
The are calculated depending on TRIX values and Moving Averages for confirmation.
They work on any time frame…. and even better on Renko charts.
Use a small TP if the arrows appear… it’s more suited for scalping the M5 or M15.
A TP of 5-10 pips is fine. Do this twice a day and you can make a living out of Forex.
Explanation of the indicator:
- In the Info Box you have the current pair, price & spread.
- Furthermore you have the Pivot Point and the Resistance and Support Lines showing.
- Below is the recommended stop loss calculated with a 3 times ATR(21). Below is the recommended Lot Size to trade depending on your actual equity and then the actual Free margin and Profit/Loss of your current trades.
- You can change the corner of the info box and shift it around to place it nearly anywhere on the chart you like. x-shift is left/right and y-shift is up/down.
Play around with this and tell me if you need any changes or if you found any bugs in the code.
Happy trading…
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