This indicator treasure troves and displays arrows for the upper and lower values of the market prices on your chart graph. Therefore it gives the trader an accurate entry signal to enter a trade in the fx market. This Indicator is worldwide and is fit for trading any currency pair and on any mt4 timeframes. However, the higher the mt4 timeframe being used, the less the likelihood of opening trade due to false signals.
The Indicator is used to depict long-term trends in the binary options market. When using this forex Indicator, you have to be very patient since its signals appear very rarely, and at the same exact time, they are always not exact. Therefore it would be wise if you use another forex indicator with it.
The Indicator is aimed at operating on Metatrader4 forex platforms. And it is worth trying out, especially if you are a long-term trader who has not much time on the forex charts.
Using the DeltaForce Forex Indicator
Fig.1.Chart having DeltaForce Forex Indicator
The Indicator usually displays two-color arrows; a blue and a red arrow. These are the signals that tell you whether to buy or sell.
Placing a Buy Entry order: a trader is supposed to open a buy entry position once there is a blue color arrow. The arrow points up, as indicated on the above mt4 chart. This blue color arrow indicates the onset of an upward trend, which is a long-term trend in most cases. Therefore once this blue color arrow appears, you should be ready for greater profits.
Hence when putting a stop loss(SL) for your buy orders, you may put it at a higher level. But don’t exaggerate the indicator levels expecting much profits since something may happen, and the market may reverse.
Placing a sell order: a trader should open a sell order once there is a red arrow. The color arrow points downwards, as indicated on the above mt4 chart. This red color arrow indicates the onset of a downtrend, which is also a long-term trend in most cases. Therefore once this red color arrow appears, you should be ready to go for much more profits than is the norm with the short-term trading or scalping.
Hence when putting a stop loss(SL) for your sell orders, you may opt to put it at a much lower level. However, you should not exaggerate the levels expecting much profits since something may happen, and the market reverse.
You should also remember to stop losses if you are not planning to watch the market for a long time. This acts as a form of good managing your risk if the trend signal is not genuine. May set the stop loss above or below the nearest minimum exit level obtained by using the support and resistant levels. Or you can choose the good level depending on the history of the test indicator for a particular currency pair and timeframe.
DeltaForce Forex Indicator Free Download