The FNCD Forex Signal Trigger MT4 indicator is based on two exponential moving averages and the FNCD trigger indicator.
All combined together, the indicator represents a powerful trend trading system that works across all time frames.
For scalping and day trading, use the FNCD Forex indicator during the London and US trading sessions.
For swing trading, u can use the indicator around the clock.
The rules to buy and sell with this indicator are very simple and based on the crossover of two signal lines (see the indicator chart below).
Just load the FNCD Forex Signal Trigger indicator onto the Metatrader 4 chart and start trading with it in minutes.
- Easy to follow trend trading crossover FNCD indicator.
- Utilize during London and US session for scalping and day trading.
- Fits all currency pairs and time frames of your preference.
- Good results (+221 pips profit during 7-day test period)
Feel free to explore the FNCD Forex Signal Trigger indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The FNCD Forex Signal Trigger MT4 Indicator
Buy Signal: Open a buy trade order when the yellow line crosses above the red dotted FNCD signal line.
Place your stop loss below short-term support, or use your own favorite stop loss strategy.
Exit the buy trade whenever an opposite signal appears on the chart (sell signal).
Alternatively, exit the buy trade for a reward/risk ratio of 2.0 or better.
Sell Signal: Open a sell trade order when the yellow line crosses below the red dotted FNCD signal line.
Place your stop loss above short-term resistance, or use your own favorite stop loss strategy.
Exit the sell trade whenever an opposite signal appears on the chart (buy signal).
Alternatively, exit the sell trade for a reward/risk ratio of 2.0 or better.
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FN, deviation, fast EMA, slow EMA, colors, width, style.
More Info About This Indicator
Recommended Currency Pairs: any
Trading Platform: MT4
Time Frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
The FNCD Forex Signal Trigger MT4 indicator is worth trying it out. Just add it to your Metatrader chart.
It’s a great trend-following indicator, but please keep in mind that its performance will vary depending on future market conditions and other factors.
Use on a demo account first to make yourself familiar with this trading tool!