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.
- YIF Indicators.ex4
- !X-UK.MA. Indicators.ex4
- DarkEnergy SupDemMOD DarkBG.ex4
- Buy and Sell alert indicators
- Fractals – (adjustable period + price).ex4
- powerful Currency Strength 28 pairs.ex4
- Quantum_mod v1.0edit.ex4
- YOUTH IN FOREX.ex4
NO, any EAs are available
- Pip Magnet.tpl
NO, any libraries are available.
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
- 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.
- 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
- Fundamentals of trading
- Trading Platforms
- Indicators, Systems and Expert advisors / Develop own systems and strategies
- Advanced trading techniques
- Step by step practical sessions and test your improvement
Your knowledge improvement on trading will make fewer losses and high returns.
ProFX Freemium Store
You can Donate and obtain following through ProFX Freemium Store
- High Profitable Indicators, Expert Advisors, and Systems with Verified Results
- Open and Verify Forex and Binary Option Trading accounts (Any Broker)
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- Recover restricted Skrill and Neteler accounts
- Develop Indicators and Experts According to your Strategy