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