Learn how to make consistent profits in any market with the Echo Forecast indicator, which predicts future prices with high accuracy. Use it with CM Price Action Bars and an Exponential Moving Average trend filter for even better results. The strategy has a win ratio of 79% in backtesting.
How One Indicator Can Help You Make Consistent Profits: A Tutorial
Introduction
– The desire to make profits in the market
– The secret to achieving it
– An indicator that can read the chart and predict future market prices
Installing the Echo Forecast Indicator
– Where to find it
– How it works
– The four parts it consists of
How to Use the Echo Forecast Indicator
– Examples of how it works in practice
– Limitations of the indicator
Adding the CM Price Action Bars Indicator
– Enabling options
– How to place buy and sell orders with this indicator
Adding a Simple Trend Filter
– Using the exponential moving average
– When to buy and when to sell
Long Trade Rules
– Three conditions that must be met
– Setting a buy order and take profit
– Monitoring the blue forecasting line for validity
Short Trade Rules
– Three conditions that must be met
– Setting a sell order and take profit
– Monitoring the blue forecasting line for validity
The Indicator’s Reaction to Ranges in the Market
– How to recognize a range in the market
– Why it’s important to avoid trading during a consolidation stage
Back Testing Results
– A high win ratio
– Profit gained with the strategy
Conclusion
– The power of using this indicator
– The importance of recognizing potential limitations