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The best forex indicator


The need for a new revolutionary trading indicator

So why there is a need for a new reliable trading indicator? To answer this question we need to look at the currently available chart indicators. For last 150 years traders and scientists have designed a countless number of different chart indicators with many different purposes (for trend, volatility and volume analysis). The most common examples of standard market price indicators are:

  • Moving Average (SMA,EMA,SSMA)
  • MACD
  • RSI
  • Parabolic SAR
  • Buy And Hold
  • Stochastic
  • Volumes
  • ATR
  • Bollinger Bands
  • Ichimoku Kinko Hyo

The big problem is that all of those currently available indicators are designed to provide an additional information based on the historical price movements, and non of those indicators can be used as reliable prediction of the next market move (= trading). The main issue with those indicators is that each of them concentrates only on one single market characteristic at a time. And so it is impossible to become successful in trading while looking only on 1 single piece of information. There is a need for a new supreme forex indicator that combines all interesting characteristic of all other standard indicators and combines the information to form a reliable and profitable trading system.

Introduction to the finest fx indicator

In this section I will show you the greatest forex indicator available on the market for 2016. This indicator is called FxMagnetic and it is designed using automatic strategy generation (with StrategyQuant software). The strategy is a long term swing trading system and it trades the EURUSD pair, what results in very low spread rates (on the most brokers). Its operation is based on Larry Williams’ dynamic technical indicator which detects the oversold and overbought condition. This trading system always uses a fixed stoploss of 100pips and dynamic takeprofit levels based on ATR. The indicator’s performance is tested and optimized using high quality historical data and to prevent ‘curve-fitting’ the system is retested using long period of ‘out-of-sample’ data. The final verification is done using a robustness test, where the system’s profitability is retested using wide range of possibly changing market parameters.

best forex indicator

The main characteristics of this outstanding forex indicator are:

  • Minimum deposit: $100
  • Maximum drawdown: <30%
  • Monthly average return: ~10%
  • No Martingale, no grid and no scalping
  • FIFO compatible trading (US accounts friendly)
  • Works on every MT4 broker
  • Trades only on 5 minute timeframe
  • Maximum open 1 position
  • On average 2-3 trades per week
  • Always uses stoploss and takeprofit
  • Fixed stoploss of 100pip
  • Hideen take profit level

best forex indicator

Is this an automated trading system?

This currency trading indicator is a semi-automated trading system. This means that it only indicates the best entry and exit conditions and manages the open trades, while the user has still full control over his own trades. Because of the continuously changing market conditions the FxMagnetic indicator needs to be re-optimized every 3 or 6 months and every user gets automatically an updated version of this forex indicator.

What is the required account size?

The trading system can be used on a small $100 USD accounts with the position size of 0.01xLot (which equals 1 micro lot). Although it is recommended to start with $200 and 0.01 Lot size. The system uses a proportional risk management mechanism and can calculate new low-risk position size for an entry by dividing your account’s available equity size by 20,000.

Can it be automated?

If you require automation of this indicator, you must see my ArrowHunterEa project, here:
FxMagnetic automation using ArrowHunterEa

Where can I buy it?

You can trade this system for only €12/month. The product website is here:

Get this indicator!

Conclusion:

Personally, I think it is a very promising indicator, that is based on real trading experience including robustness test and proven real account results. It is for sure something to keep an eye on it and see how it will perform on the long term.

Greets,

Chris

 

 

mt4 programming service
Short about me

Welcome to my Blog!

My name is Chris, I'm a Dutch engineer with Polish roots. By day I'm an engineer, forex trader and an internet entrepreneur, and by night I'm fighting internet crime;) I hope you will enjoy my website and my free MT4 software. Do not forget to check out my blog.
B.t.w: 'coensio' (Latin) = assessing, assessment, census, estimating, opinion, rating, taxing.

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