![]() ![]() Download files and read whole manual carefully to learn how to use EFC forex indicator and start trading for real. The same sequence goes for a sell trade only the arrow will be a down red arrow and the candles will be red.Ībove is only small part of trading manual for EFC indicator. Once all occur make the entry, place your stop and your TP at the recommended lines. Wait for the RSI trigger (orange candles) Divergence (dark blue) and then entry (Green up arrow). That is the basic strategy to using this indicator for a buy trade. So if the colored candles are appearing below the entry line then you know this will be a buy trade. ![]() Once there is divergence and the price action touches the set Entry line then the trade recommendation will now activate.Ī green arrow up means that this currency pair is heading for a reversal and you should BUY this pair. This occurs when the candles turn dark blue. Step One: Search the Currency pairs for signs of reversals by looking for the entry line + orange candles. And this is how do you trade with this indicator… You should learn about all of the unique features it comes with. You got this great trading tool we provided – EFC indicator. Always consider how liquid the market is and be aware of news events. ![]() This indicator will work and show you great places to enter trades. We highly recommend you try it on a demo account before using this on a live account. This indicator shows you where the recommended placement of the stop loss, entry order, and take profit should be based on the strategy. Note: The EFC indicator is not an automated system. We will give you a picture of the EFC indicator in action and what we recommend doing when you see a possible entry. Since this EFC indicator works that same way as the RSI 80-20 strategy works, you will find it very similar to this strategy. As soon as RSI divergence is detected, the indicator puts buy/sell stop order at the level, which the price should reach to be sure the new trend starts. The EFC Indicator basic concept is to open position as a reversal trend is detected. ![]()
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