This is one of the straightforward yet most precise and profitable indicators in the market today. This indicator is fit for Forex trader beginners.
It is designed to fit for use by any trader. It is suitable for long-term traders, intraday traders, and scalpers. What matters is the chart timeframe that you decide to use. When you use a tighter chart timeframe like the M5, the rate of the generation of the signals will increase.
The working of the Super math profit forex indicator
Super math profit indicator only generates arrows showing when to sell and when to enter buy. the other algorithms are hidden from the forex traders. These arrows are displayed on the main mt4 trading chart.
The arrows generated are either red color or DodgerBlue. The red color arrow is generated at the beginning of a chart downtrend trend, while the DodgerBlue arrow is generated at an upward trend. The red color arrow is always displayed above the candlestick formed, during the DodgerBlue arrow below the formed candlestick.
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You will notice that the indicator is exact in that it gives an indicator precisely at the beginning of a trend. This forex indicator is made in such a way that it can filter out false signals. When an enter sell or buy signal is given, the trader should not fear placing their order since if the forex indicator says it is a buy, the mt4 market prices are truly set to go up, and if it says it is a sell, the mt4 market prices are truly set to drop.
Depending on the timeframe you choose to use, the rate at which the arrows are produced will vary. For a tighter timeframe, it will generate the arrows faster than when using larger timeframes of, let’s say, D1 and above.
Fig.1. The Supermathprofit indicator is inserted in EUR/USD M30 timeframe.
Fig.2. The Supermathprofit indicator is inserted in EUR/USD H4 timeframe.
Using the Super math profit indicator to place and close trades
This indicator is straightforward to use. All the trader has to do is the place and close trades.
The trader should put a sell order when the indicator displays a red arrow. However, it should open the position at the beginning of the second chart candlestick that forms after the generation of the red color arrow.
When the indicator displays a DodgerBlue color arrow, the trader should put a buy order. However, the trade position should be opened at the start of the second chart candlestick that forms after the generation of the red color arrow.
NOTE: trading should be strictly confined to the second and third candlestick after the formation of the arrow.
Fig.3. Using the Super math profit indicator to place and close trade orders.
After placing each forex trade, there is no need to put stop levels. The orders are closed when a chart opposite signal is given. Therefore when trading, you have to ensure that you have enough cash to hold the order for a long time.
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