Maloma S Enter Indicator is a forex trading indicator. It is a very simple forex trading indictor. There cannot be any indicator simpler than this. Although the system looks very easy the programming behind it is so good that it generates very reliable and strong trading signals. The Maloma S Enter Indicator can be used to trade in trending market as well as in sideways market. Timeframe can be used any ranging from 5 minute to daily.
When you use other indicators like moving averages with this indicator it generates perfect signal. You should remember the rules of the system and stick to it. The rules of this indicator are simple. The Maloma S Enter Indicator can be used by beginners as well as experienced traders. When you install this forex trading indicator in your metatrader 4 platforms, your chart should look like this:
- Maloma S Enter Indicator
The blue and red circle that you see in the main chart window is the Maloma S Enter Indicator. The red circles indicate the high demand therefore; you should by in that region. Similarly, blue circles indicate selling pressure so you should sell when you see that. You get high probability setups when you trade only in the direction of the trend. Following the trend will solve your 50% of the problems.
Buying Conditions Using Maloma S Enter Indicator.
- Market should be up trending.
- A red circle should appear below the market.
- Once the red circle forms enter long in another bullish candle.
- Place your stop loss just below the recent swing low.
- Take your profit when you see a blue circle.
Selling Conditions Using Maloma S Enter Indicator.
- Market should be down trending.
- A blue circle should appear above the market.
- Once the blue circle forms enter short in another bearish candle.
- Place your stop loss just above the recent swing high.
- Take your profit when you see a red circle.
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