Fenix Indicator V2.1 MT4

Description

Fenix Indicator V2.1 MT4: A Powerful Scalping Tool

Overview

The Fenix Indicator V2.1 is a robust arrow-based trading tool designed for Meta Trader 4 (MT4). It combines three essential indicators—Moving Average, Bollinger Bands, and Momentum—to analyze the price behavior of currency pairs. Let’s delve into the specifics:

Key Features

1. Scalping Focus: The Fenix Indicator is optimized for scalping strategies, aiming to capture quick profits from short-term price movements.
2. Non-Repaint: Unlike some lagging indicators, the Fenix Indicator provides clear buy and sell signals without repainting past data. This ensures accurate trade entries.
3. Three Essential Components:
   • Moving Average (MA): Helps identify trend direction.
   • Bollinger Bands: Indicates volatility and potential reversal points.
   • Momentum: Measures the strength of price movements.

Trading Strategy

The Fenix Indicator generates signals based on the following criteria:

1. Buy Signal:
   • When the price crosses above the MA and the Bollinger Bands expand, indicating potential upward momentum.
   • Confirm with positive momentum (above zero).
2. Sell Signal:
   • When the price crosses below the MA and the Bollinger Bands contract, signaling potential downward movement.
   • Confirm with negative momentum (below zero).

Recommended Settings

• Timeframe: H1 (and other lower timeframes for more frequent signals).
• Currency Pairs: Focus on XAUUSD (Gold) and other major pairs for optimal results.

 

Execution and Risk Management

• Minimum Deposit: While there’s no fixed minimum deposit for MT4, consider starting with at least $200 to manage risk effectively.

Remember

• Always practice proper risk management by setting stop-loss and take-profit levels.
• Backtest the indicator on historical data to understand its performance.
• Stay informed about market news and events that may impact your trades.

 

• Telegram Link: Join our Telegram group for real-time updates and discussions: https://t.me/yoforexrobot Telegram.
• INDICATOR Download: You can download the Fenix Indicator V2.1 EA from our website: https://yoforex.org/product/fenix-indicator-v2-1-mt4/

 

😊Happy Trading😊