Fenix Indicator V2.1 MT4
Overview
The Fenix Indicator V2.1 MT4 is a trend-following tool designed for MetaTrader 4 (MT4). It aims to identify potential reversal zones in the price, making it suitable for both intraday and positional traders. Before deploying this indicator, remember to thoroughly test it on a demo account to understand its behavior and performance.
Key Details
- Minimum Deposit: To get started, allocate a minimum of $70 USD.
- Time Frame: The indicator works effectively on all timeframes.
- Recommended Currency Pairs:
- All pairs
Strategy Insights
The Fenix Indicator V2.1 MT4 combines multiple indicators to guide trading decisions. Here’s how it works:
- DoubleCCI-With_SMA Indicator:
- Combines Commodity Channel Index (CCI) and Simple Moving Average (SMA).
- Identifies potential trends and reversals.
- Provides BUY/SELL arrows for entry points.
- Multi Range Calculator:
- Offers insights into market volatility.
- Helps gauge potential price movements.
- VisualTrend v1 Indicator:
- Visualizes prevailing market trends.
- Aids in confirming entry signals.
Trading Rules
- Entry Signals:
- Wait for a BUY arrow from the DoubleCCI-With_SMA indicator.
- Confirm the trend direction using the VisualTrend v1 indicator.
- Execute a BUY trade.
- Exit Signals:
- Close the trade when the first opposite-colored candle appears.
- Alternatively, exit on an opposite dot signal.
- Risk Management:
- Maintain a minimum account balance of $70 USD.
- Consider adjusting position size based on risk tolerance.
Stay Updated
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Additional Resources
Instant Download: https://www.fxcracked.org/product/fenix-indicator-v2-1-mt4/
Contact: https://t.me/yoforexrobot
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