AM Trading Tips shares a highly profitable forex trading indicator with trading rules including waiting for double arrow, setting stop loss, and taking profit. Recommended time frame is 15 minutes and above. Trading pairs with volatility are advised. The video showcases buy and sell trade setups on different time frames. Viewers are encouraged to subscribe to the channel for future updates.

Highly Profitable Forex Trading Indicator: A Guide for Beginners

Forex trading can be a rewarding venture if done correctly. However, it is not always easy to profit from the market as investors need a proper understanding of the market to make an informed decision. Forex indicators offer insights into the market that can help traders make better decisions. In this article, we will discuss a highly profitable forex trading indicator that can help beginners succeed in the market.

Introducing the Double Arrow Indicator

The double arrow indicator is a verified forex trading indicator that can help traders know the market’s direction accurately. This indicator is designed to help traders identify the best times to enter and exit trades. Traders can make use of these signals to buy or sell currencies and get profits.

Trading Rules

Here are some trading rules to follow when using the double arrow indicator:

1. Wait for a double arrow for an accurate entry

When the double arrow appears, it is an indication of the market’s direction. As a trader, you need to enter the market at that time for a better chance of profiting.

2. Set stop loss lower point of double arrow candle

A stop loss is a predetermined exit point that traders set in the event of a negative trade to prevent huge losses. The stop loss should be set at the lower point of the double arrow candle for proper risk management.

3. Take profit when the next opposite arrow appears

Once a trader has entered the market and made a profit, they should take their profit when the opposite arrow appears. This action makes it possible to lock in the profits and avoid any uncertainties in the market.

4. Trade only pairs with volatility and not consolidating

Currencies with high volatility are more predictable, and traders are more likely to make profits in such markets. Traders should, therefore, trade pairs with volatility and avoid those with consolidating markets.

Time Frames for Trading

Different time frames offer varying advantages in forex trading. The double arrow indicator works on multiple time frames, but we recommend traders to trade using one of these time frames:

1. 15 minutes and above

Using the 15-minute time frame or higher provides traders with a clear trading pattern and direction that can lead to better decision-making.

2. One hour and above

The one-hour time frame provides a broader perspective of the market that can help traders predict the direction of the market correctly.

Trade Setups

Below are some perfect buy and sell setups when using the double arrow indicator across different time frames:

1. Buy and Sell Trade Setup on 15 Minutes Time Frame

The trade setup for the 15-minute time frame when using the double arrow indicator involves buying when the double arrow appears on the lower candle and selling when the opposite arrow appears on the high candle.

2. Buy and Sell Trade Setup on 30 Minutes Time Frame

On the 30-minute time frame, traders can buy when the double arrow appears on the lower candle and sell when the opposite arrow appears on the high candle.

3. Buy and Sell Trade Setup on One Hour Time Frame

Traders can buy on the one-hour time frame when the double arrow appears on the lower candle and sell when the opposite arrow appears on the higher candle.

4. Buy and Sell Trade Setup on Four Hour Time Frame

On the four-hour time frame, traders buy when the double arrow appears on the lower candle and sell when the opposite arrow appears on the higher candle.

Conclusion

Forex trading takes time, patience, and a thorough understanding of the market to succeed. With the double arrow indicator, traders can know when to enter and exit the market, increasing their chances of making profits. Remember to follow the trading rules, use the recommended time frames, and trade pairs with high volatility for better success. Happy trading!