I want to tell you about a technical analysis tool that demonstrates high accuracy of signals in this article. This is a forex foreign indicator Be Forex Guru. It analyzes the readings of several indicators, after which the chart shows recommendations for opening trade orders. In addition, its algorithm includes special elements for filtering signals, which increases their accuracy. I would like to note at once that this indicator shows good statistics only on high-volatile currency pairs and in the period of high activity in the market. And in those periods when the market is “resting”, there are a lot of false signals. Trade on small timeframes (M15, M30).
Settings and parameters
In the end of this article, you’ll find
an archive with indicator files. They should be copied and then placed in a folder
of the Indicators trading terminal. You can find it by clicking “File” in MT4, and
then “Open the data catalog.” In the appeared window open the MQL4 folder. It’s got
and we have what we need, the Indicators folder. Don’t forget to reboot
terminal. There is another option – right-click on the “Indicators” line
in MT4’s “Navigator” and then “Update”.The foreign forex indicator has only three parameters in the settings. Two of them are related to the alarm notification. You can set up an audible alert or an e-mail alert. And the only important parameter is sensetivity. You can experiment with him. The higher the value of this variable is, the less signals we get. But their accuracy will be high enough. And vice versa, respectively.
How to trade on Be Forex Guru signals
On the chart it looks like this:
It’s obviously very easy to read the signals. Green line
and the same color as the shooter, we buy. The red line and the red arrow
Sell. When it comes to closing a trade, you can do so when an arrow of another color appears on the chart. And you can be guided by levels or choose another condition for profit taking.In spite of the high quality of signals of this indicator, I do not recommend opening deals only for them. The trading result can be improved by using additional technical analysis tools. Which indicator to choose for this purpose is up to you. You can try different analysis tools in demo trading. The foreign forex indicator Be Forex Guru can become a useful component of the trading strategy. After collecting positive statistics, you can use it in real trading.beforexguruDownloadFyodorov’s Inga 10.04.2019