PIP Magnet YIF indicator

What is the PIP Magnet YIF indicator?

PIP Magnet YIF indicator is a forex trading indicator system based on support and resistance. There are many benefits of this system. Traders should not worry about Profit targets, the system automatically generates the different profits targets, so traders have low risk. Developers of this system have used various mathematical algorithms to acquire high-profit rates.

Forex trading is high risk and has high returns. You must take the right decisions at right time. You cannot take them only through indicators or trading systems. You must have your own knowledge and experience about trading, market behavior, and the world economy. We have given you an A – Z Free forex Lesson series via ProFX Learning Center. Practice all these things on Demo Account before trading on Live Account.

PIP Magnet YIF indicator consists following indicators, Experts Advisors (EAs), Libraries, Presets, Settings, and templates. You can check them and information to understand the system and signals. We have mentioned here the main indicators, experts, and templates only.

Indicators

YIF Indicators.ex4
!X-UK.MA. Indicators.ex4
DarkEnergy SupDemMOD DarkBG.ex4
Buy and Sell alert indicators
fibocalc_v34.ex4
Fractals – (adjustable period + price).ex4
gann-sq-9-indicator.ex4
Pairs_Analyzer.ex4
PivotHighLow.ex4
powerful Currency Strength 28 pairs.ex4
PrecisionStrengthMeter.ex4
Quantum_mod v1.0edit.ex4
YOUTH IN FOREX.ex4

Expert Advisors

NO, any EAs are available

Templates

Pip Magnet.tpl

Libraries

NO, any libraries are available.

Presets

NO, any presets are available.

support and resistance indicators can be seen in blue and dark green horizontal bars. Zigzag indicators are also available on the chart. one of the very important things is providing various profit targets so traders need not worry about it, just close the trade. As well as buy and sell levels are also mentioned in the system. In addition to them, market direction and much information are available in the system.

PIP Magnet YIF indicator FAQs

01. Which trading platforms are suitable for the PIP Magnet YIF indicator?

You can run the indicator on MT4 (Meta Trader 4 platform) only. You cannot run it on MT5 or other platforms. More about MT4 and MT5

02. Which time Frames are suitable for the PIP Magnet YIF indicator?

You can run in any time frame. More about trading time frames.

03. Which currency pairs can the PIP Magnet YIF indicator trade?

You can use any major currency pair for trading. More about currency pairs

04. Does the indicator system provide signal alerts?

Yes, the system provides signal alerts.

05. What are the pre-Requirements for Trading?

You must have a Verified trusted broker Account. Our recommended brokers
Verified Skrill or Neteler accounts for deposit and withdrawal. Visit ProFX Premium Store to create and verify Skrill and Neteler accounts for a cheaper cost.

06. What do we need to know about trading first and how to know them?

You should have good knowledge about the forex market and the market movements.
You should have good knowledge of the fundamentals of currency trading
Knowledge and experience about Indicators, systems, strategies, and technical and fundamental
Understand the trading psychology

You can A-Z learn all these things from ProFX Learning Center for free.

07. How to affect news and trading sessions at the PIP Magnet YIF indicator?

You can learn more about trading sessions and News trading through ProFX Learning Center.
You can use www.investing.com to check important news related to the forex market.

How to install and use the PIP Magnet YIF indicator

1. Download and install MT4 Platform

Visit MT4 configuration Guide to download and install the Meta Trader 4 Platform on your computer or mobile phone. Visit our Recommended Brokers list.

2. Download and install the PIP Magnet YIF indicator

Visit Indicator Installation Guide to download and install the PIP Magnet YIF indicator on your MT4 Platform.

3. Required Settings and Configuration

Once you install the indicators on your MT4, you need to configure input settings. visit the below link to check the guide about changing indicator settings. Guide Link

4. Trade with PIP Magnet YIF indicator

When to Buy

The market touches the support level.
The market direction should be up.
The BUY power should be more than 65 or higher.
How to improve buy signal accuracy through ProFX Learning Center.

When to Sell

The market touches the Resistance level.
The market direction should be “DN”.
The SELL power should be more than 65 or higher.
How to improve Sell signal accuracy through ProFX Learning Center

Recommended Stop Loss and Take Profit Table for each time frame. This SL and TP can be changed according to your knowledge and experience. This is a common SL and TP table. You can check the indicators well first and then you can decide how about SL and TP. Don’t depend on this table every time.

ProFX Learning Center

ProFX Learning center is a different concept started by profxindicators team. Our primary goal
is to carry you towards successful trading. We have provided A – Z lesson series about trading under
three stages such as Basic, Intermediate, and Advance. You can learn following through ProFX Learning
Center