Trend Wave Indicator

The Trend Wave Indicator is a powerful tool for traders seeking accurate short-term price reversals. By combining price, exponential, and simple moving averages, this indicator identifies potential turning points in the market. Here are the key details:

1. Functionality:
   • The indicator generates blue and yellow dots on the chart.
   • Blue dots indicate bullish crossovers (potential buy signals).
   • Yellow dots indicate bearish crossovers (potential sell signals).
2. Timeframes:
   • Use the indicator on either the M1 (1-minute) or M5 (5-minute) charts.
   • It can also be effective on higher time frames like H1 (1-hour).
3. Currency Pairs:
   • Avoid using it on XAUUSD (gold) due to its unique behavior.
   • Suitable pairs include EURUSD, USDJPY, and others.

Recommended Settings

• Minimum Deposit: Start with a deposit of $500.
• Timeframes:
  • Consider using the indicator on either the M1 or M5 charts.
• Strategy:
  • When a blue dot appears, consider it a potential buy signal.
  • When a yellow dot appears, consider it a potential sell signal.

Remember, trading involves risk, and past performance is not indicative of future results. This bot could be your ticket to success—so trade wisely and soar in the Forex world!

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Additional Resources :

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