The reason I, who couldn't win with FX, created an indicator that automatically monitors about 20 currencies
Since I started FX, I have tried various methods and indicators.
Still, I couldn't trade with stability for a long time.
“I should know how to win, so why can't I win?”
Over the long run in FX, what I found particularly difficult was
not only finding entry points,
but also judging the moments to enter and the moments to pass.
Monitoring about 20 currencies is hard
In FX, you never know when a chance will come.
However, it is not realistic to watch the charts of multiple currency pairs for hours.
So,
I thought, “If price comes to a place I should look at, it would be nice if it could alert me automatically.”
That is what I developed this indicator for.
It monitors about 20 currencies/variants and automatically detects points that meet the set conditions.
When the conditions are met, it alerts you, so you don't need to continuously watch every chart.
However, an alert is not an entry
This is the most important part that this indicator emphasizes.
Just because an alert sounds does not mean you should enter.
An alert is
“Please trade here”
not a signal to buy or sell, but
“Please check the chart from here.”
After the alert, you check the actual chart and
decide whether to enter.
Or whether to pass.
Ultimately, you decide for yourself.
“Passing” is also a trade
In the past, I was focused only on entry points.
But now,
I think that “where not to enter” is as important as “where to enter.”
Even if the alert rings 10 times, you don’t need to enter 10 times.
If the conditions are unfavorable, pass.
Only choose moments where you conclude you have an edge.
That is the idea behind entrusting the monitoring to the indicator.
The purpose is not to rely on the indicator
What I aim for is
not “trade blindly just because an alert sounds.”
The indicator tells you where to look.
Whether to enter or to pass is up to you to decide.
This is how it works.
The indicator developed this time is published on GogoJungle.
Note that this product does not guarantee profits or win rate. FX/CFD etc. carry the possibility of losses.
“Product details here” ⇩
https://www.gogojungle.co.jp/tools/indicators/84601