Retracement Finder Indicator-2
What is the Retracement Finder Indicator-2 ?
Retracement Finder Indicator – 2 is a profitable forex trading indicator. This is a paid indicator that is given by profxindicators for free. The system has been developed with profitable indicators and strategies used by professional traders in the world.
Forex trading is high risk and has high returns. You must make the right decisions at right time. You cannot make it just by indicators. You must have your own knowledge and experience in trading and market behavior. We provide you an A – Z Free forex Lesson series via ProFX Learning Center. Practice on Demo Account before trading on a Live Account.
FX Profit Wave Trading System includes the following indicators, Experts, and templates. You can check them and descriptions to understand the system and signals. We have mentioned here main indicators, experts and templates only
Indicators
- LC-Pivots.ex4
- Retracement_Finder.ex4
- Robby DSS Bressert Colored_A(8-8).mq4
Templates
- retracement finder.tpl
The system includes 200-period moving averages which indicate the market trend. Retracement Finder Indicator-2shows in light blue and yellow color. DSS mode indicators can be seen at the bottom and it indicates up and down-market movements. Blue dots for upside movement and red dots for downside movements.
Retracement Finder Indicator-2 FAQs
01. Which trading platforms are suitable for the Retracement Finder Indicator-2 ?
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 Retracement Finder Indicator-2 ?
You can run in any time frame but we recommend 15 minutes and higher for high returns.
More about trading time frames.
03. Which currency pairs can Retracement Finder Indicator-2 ?
You can use any major currency pair for trading. More about currency pairs
04. 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.
05. What we must know before starts trading and how to fulfill 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 factors.
- Understanding trading psychology
You can A-Z learn all these things from ProFX Learning Center for free.
06. What is the affection of news trading and trading sessions at the Retracement Finder Indicator-2 ?
- 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 at Retracement Finder Indicator-2
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 Retracement Finder Indicator-2
Visit Indicator Installation Guide to download and install the Retracement Finder Indicator-2 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 Retracement Finder Indicator-2
When to Buy
- 200 MA shows an uptrend (If you try to place long term trade)
- Retracement Finder indicates blue bars (starts)
- DSS Mode indicator shows blue dots (starts blue dot)
- How to improve buy signal accuracy through ProFX Learning Center.
When to Sell
- 200 MA shows downtrend (If you try to place long term trade)
- Retracement Finder indicates Yellow bars (starts)
- DSS Mode indicator shows red dots (starts blue dot)
- How to improve Sell signal accuracy through ProFX Learning Center
Recommended Stop Loss and Take Profit Table for each time frame.
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
- 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 get followings 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)
- Open and Verify Skrill, Neteler, and Payoneer Accounts
- Recover restricted Skrill and Neteler accounts
- Develop Indicators and Experts According to your Strategy
You can follow these images for further trading
