WEALTHCLUB_FX
The video discusses the High Kanashi Smoothie indicator, a modification of the old High Kanashi, and its profitability. It gives tips on how to research, backtest and calculate profit rates for indicators. The video shows how to use the indicator, change settings, and provides a cheat sheet for major markets. The indicator works well on various pairs such as Bitcoin, Gold, and Euro USD, and it requires patience to follow the strategy to succeed.
The Ultimate Forex Trading Indicator: High Connection Method
Introduction: The Importance of Profitable Forex trading indicators
When it comes to trading in the Forex market, the use of indicators is essential to help traders make informed decisions and maximize their profits. However, not all indicators are created equal, and many traders waste time and money researching and testing different indicators. In this article, we will focus on the high connection method, a modification of the old hikarnash indicator, and examine how it works and its effectiveness in the Forex market.
The Importance of Profitable Indicators
Before delving into the high connection method, it is essential to understand the importance of profitable indicators in Forex trading. Traders spend a significant amount of time researching different indicators, testing them through backtesting methods, and ensuring that they have at least a 70-80% profit rate. This means that out of 20 trades in a sample, at least 12-14 should be winning trades. This approach is a crucial aspect of profitable Forex trading and can save traders significant amounts of time and money in the long run.
The Old Hikarnash Indicator: Limitations and Issues
The old hikarnash indicator is a well-known indicator in the Forex market that is built into the mt4 and mt5 platforms. This indicator’s primary function is to signal when it is time to either sell or buy depending on the color change. However, this indicator has some limitations and issues.
The old hikarnash indicator is not always smooth enough in its function, as it tends to move back and forth before changing color. This can lead to confusion and uncertainty for traders, which can result in missed opportunities and losses. Additionally, the old hikarnash indicator is not always consistent in giving reliable results, particularly in shorter timeframes.
Introducing the High Connection Method: A Modified Hikarnash Indicator
The high connection method is a modification of the old hikarnash indicator that seeks to address the limitations and issues of the previous version. The high connection method is available as a custom indicator that traders can install on their mt4 platform. It is worth noting that this indicator is not available on other trading platforms.
The High Connection Method: How It Works
The high connection method is a very straightforward and easy-to-understand indicator that utilizes the candlestick chart. The indicator consists of a line that represents the high of the previous candlestick. If the current candlestick is above the line, it signals a buy signal, indicating that the trend is upwards. Conversely, if the current candlestick is below the line, it signals a sell signal, indicating that the trend is downwards.
When testing the high connection method, traders can switch to a bar chart for better visibility. This simple indicator is incredibly effective for capturing trends and providing reliable trade signals for traders of all experience levels.
The High Connection Method: Effectiveness in Different Markets
The high connection method is not only effective in the Forex market, but it also works well in other markets with high liquidity. The cheat sheet provided for the Sp 500 Bitcoin, and Euro USD markets confirms this, with traders achieving an 80% win rate after basic tweaking of the indicator’s settings. Traders can also test the high connection method in other markets, such as the USD JPY, Euro GBP, USD CAD, Euro JPY, and AUD JPY markets, among others.
Conclusion: The Benefits of Using the High Connection Method
In conclusion, the high connection method is a reliable and effective indicator that traders can use to make informed trading decisions and maximize their profits in the Forex market. Unlike the old hikarnash indicator, the high connection method is smooth, consistent, and reliable, providing traders with clearly defined signals that capture trends and market movements. The cheat sheet provided for high liquidity markets confirms its effectiveness, making it an essential tool for traders looking to enhance their trading strategies and improve their overall profits.
