Introducing the Bdfxtrender forex trading indicator. This an easy indicator to use and has an approved reliability record, but it does a good job of effective decisions when combined with other indicators. The Bdfxtrender is a dynamic forex trading indicator which can be used to trade in various time frames i.e 5 min, 15 min, H1, H4 and daily charts. You can use BdfxTrender indicator to trade in trending market conditions and might perform poorly on the trading ranges market environment. The best thing to do always is to pick trending markets only and you should also be aware of the timeframe because higher timeframes produce better results.
Install Bdfxtrender, your charting platform should look like this;
The Bdfxtrender is a technical indicator which consists of red, blue, and yellow bars. These different bar colors indicate different market conditions. The blue bars indicate an up trending market. The red bars indicate a down trending market and the yellow bars indicate sideways market.
Conditions for buying Using Bdfxtrender.
- The market should be up trending.
- The Bdfxtrender indicator should form blue bars.
- Place your long positions as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the Bdfxtrender indicator turns yellow or red.
Conditions for selling Using Bdfxtrender.
- The market should be down trending.
- The Bdfxtrender indicator should form red bars.
- Place your short positions as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the Bdfxtrender indicator turns yellow or blue.
Download Free Forex Bdfxtrender Indicator
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