In this post I will be reviewing the Forex Candlestick Dashboard Indicator that displays candlestick patterns directly on your MetaTrader 4 charts. The Forex Candlestick Dashboard Indicator scans ALL currency pairs and ALL time-frames for powerful candlestick patterns that have a good probability of producing winning trades. When a candlestick pattern is found, you are told what direction it anticipates the market will move, whether that be a buy or sell signal. You can take the Forex Candlestick Dashboard Indicator signals on their own or use it alongside your own existing manual forex trading system and other market analysis.
Forex Candlestick Dashboard Indicator Review
The Forex Candlestick Dashboard Indicator makes identifying candlestick patterns a breeze as it does all of the work for you. Learning forex candlestick patterns is an art form and can take years of studying and practice to master. Thankfully, the Forex Candlestick Dashboard Indicator can save you from all this hassle yet let you reap the rewards of an increased trade win rate. Just make sure that hen you are taking the signals generated that you have a good money management strategy so that you gain more pips from your winning trades than you do your losing trades. You want a good risk to reward ratio so that one loss does not wipe out all of your gains. You can use the Forex Candlestick Dashboard Indicator on any currency pair and timeframe, I would say candlestick patterns are more reliable on the higher timeframes such as the 1 hour charts and above. Also, for lowest trading costs stick to trading the major currency pairs such as the EURUSD & GBPUSD whilst also making sure you are using a good true ECN forex broker for the lowest possible spreads and fastest execution speed with minimal slippage. From just one chart, the Forex Candlestick Dashboard Indicator displays all currency pairs and the patterns as well as what timeframe they are appearing on. This saves you a lot of hassle from having to constantly monitor and analyse multiple charts.
Forex Candlestick Dashboard Indicator Summary
Overall, the Forex Candlestick Dashboard Indicator is a fantastic manual forex trading indicator that can give you reliable signals on a frequent basis across multiple currency pairs and timeframes. You can use it as is or add additional market analysis. It is suitable for all levels of traders and very easy to use and interpret. All forex traders should be aware of price action and candlestick patterns have a great way of showing what price is doing! Nobody should trade blindly without knowing what the candle formations mean – they can be great confirmation of entry or filter for bad signals. It comes with instructions, support and a money back guarantee. The Forex Candlestick Dashboard Indicator is great value for the price it is!