Description
Sane Fx Binary Indicator Overview
- Indicator Type: Non-repainting arrow-based signal indicator.
- Timeframes: Works across various timeframes, but particularly effective on shorter time frames.
- Currency Pairs: Primarily designed for EURUSD, but can be used with other pairs as well.
Key Features
- Signal Arrows: The Sane Fx Binary indicator plots arrows on the chart to indicate potential trade entries.
- Stability: Unlike some indicators, this one does not repaint, ensuring stable signals.
- User-Friendly: No complex settings—just clear up and down arrows.
- Intraday Focus: Works best on intraday price charts.
- Trade Direction:
- Green Arrow (Bullish): Indicates a potential buy opportunity.
- Entry: Consider entering a Buy position with a stop loss below the previous swing low.
- Exit: Exit the position upon an opposite trading signal.
- Red Arrow (Bearish): Suggests a potential sell opportunity.
- Entry: Place a Sell trade with a stop loss above the previous swing high.
- Exit: Exit with a good risk-reward ratio or at an opposite trading signal.
- Green Arrow (Bullish): Indicates a potential buy opportunity.
Trading Strategy
- Best Trading Sessions: European and U.S. trading sessions.
- Signal Filtering:
- Use additional trend indicators to filter signals.
- Trade only in the direction of the prevailing trend.
- Avoid counter-trend trades.
- Higher Time Frames: Consider aligning trades with the direction of higher time frame charts to avoid overtrading.
- Risk Management:
- Limit the number of trades to prevent overtrading.
- Set appropriate stop losses and profit targets.
Telegram Channel
Join our YoForexRobot Telegram channel for updates, discussions, and community support: https://t.me/yoforexrobot
Download the INDICATOR
You can download the EA from our official website : https://yoforex.org/product/sane-fx-binary-indicator-mt4/
[Remember, successful trading requires discipline, risk management, and adherence to the TRADING strategy]
Reviews
There are no reviews yet.