outletgaq.blogg.se - Magic lines forex

Trade Signal displays “Sell” along with an downwardward arrow in the right top corner of the chart.

Open sell trade with Magic FX Formula when the following conditions are met:

Take profit when the opposite signal occurs (red color Trend Signal dot appears).

Set stop loss below the recent swing low.

Trade Signal displays “Buy” along with an upward arrow in the right top corner of the chart.

Open long trade with Magic FX Formula when the following conditions are met:

It is much appreciated among the traders. You should definitely look at the Xmaster Formula forex indicator too. You can use Magic FX Formula as a standalone trading tool or you can apply it to your favorite proven trading system. This indicator has been developed for both beginners traders and more advanced traders to keep their good trading accuracy.Īfter having a deeper look at that indicator it looks like its effectiveness is high with small timeframes like M5 or M15, therefore it suits best for scalping trading style during trending market conditions.

The Magic FX Formula is a universal forex trading indicator that is very simple to use on any currency pair and timeframe.