Trend Rider V3 Forex Indicator MT4
Trend Rider V3 Forex Indicator MT4
Course Detail
Salepage: Trend Rider V3 Forex Indicator MT4
Product Description
This Strategy was designed to solve a problem of many currencies traders around the world, but not limited to forex alone, this Strategy is based on price action and it’s purely mechanical. Entry decisions and exits have to be taken with respects to some strategic indicators. This system is very flexible. The most important part is that this system gives you very accurate entry signals.
You can use trailing stop, fixed target, etc..
đź–Ą Platform :Â MT4
đź’¶ Currency Pair : All pairs
⏳ Timeframe : TF5min or higher
Entry Position for TR3
Buy and Sell Position when all indicators below chart are red or blue. The arrows Long or Short are confirmed max three bars after.
What is forex?
Quite simply, it’s the global market that allows one to trade two currencies against each other.
If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.
Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.
An exchange rate is the relative price of two currencies from two different countries.
You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!
You’ve exchanged one currency for another.
Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.
Currency Exchange
Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.
It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.
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