BeanFX Force Index Strategy
BeanFX Force Index Scalper will assist Forex traders on how to scalp quick profits when trading Currency pairs. This strategy is a combination of two common Meta Trader indicators.
Basically, the indicators are Moving average, and Force Index. The ideal time frame that is suitable for this strategy is four hour time frame. (Please try this strategy on a demo account before going live).
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How To Setup The Indicators
Moving average indicator is installed on the main Meta Trader window with the following settings:
Note: You must zoom out the trading chart.
When price cross up and closes above the Red moving average, that is a BUY signal.
When price cross down and closes below the Red moving average, that is a SELL signal.
Indicator Window 1
Force Index indicator is installed on the main Meta Trader window with the following settings:
When the Red Force Index indicator forms a long spike below the zero level, forming a V shape, that is a BUY signal.
When the Red Force Index indicator forms a long spike above the zero level, forming an inverted V shape, that is a SELL signal.
(Broker: Alpari … https://alpari.com/en/?partner_id=1244646)
(Broker: Exness … https://www.exness.com/a/t0q1u0q1)
(Broker: FXTM… http://forextime.com/?partner_id=4806145)