In this post I will be reviewing the Forex Third Altic Indicator which has been developed for the free to download MetaTrader 4 trading platform which is provided by nearly all forex brokers worldwide. The Forex Third Altic Indicator will give you clear entry signals into the market and can also be used for exiting at the right opportunity. You may use the Forex Third Altic Indicator stand-alone or in conjunction with your own forex trading system and additional market analysis. It is very easy to use with color coded signals and thus suitable even for novice traders whilst the more advanced traders will be pleased to add another weapon to their arsenal of forex trading indicators.
Forex Third Altic Indicator Review
The Forex Third Altic Indicator is a very accurate day trading indicator that detects trade opportunities based solely on price action analysis. Now, this is great as price action analysis determines what exactly is happening in the market right now and not what happened in the past! Furthermore, many forex traders do not have the time nor knowledge to learn about price action patterns and the effects they have on market movement, which is where the Forex Third Altic Indicator can be useful. It can work well in ranging markets for reversal trades and also for breakouts of these ranges. The Forex Third Altic Indicator will give you alerts when there is a signal and it is very flexible, you can use it on any currency pair and timeframe that you wish. I would personally recommend the higher timeframes such as the h1 charts and above to avoid noise from the lower timeframes although it can be good for scalping trades if that is your preferred trading style. I would also stick to trading the major currency pairs such as the EURUSD & GBPUSD for the best trading conditions such as low spreads and fast execution, provided of course that you are using a good forex broker.
Forex Third Altic Indicator Summary
Overall, the Forex Third Altic Indicator is a very interesting forex trading indicator that does pick out high probability winning trades. Of course, not all will be winners but that is why it is so important to make sure you are using good money management principles with a reward greater than your risk so that one losing trade does not blow away all of your profits. Despite claiming to be a price action indicator is not clear exactly how it is analysing price action in the form of candlestick patterns but it does not specify patterns in that sense and there are other ways to analyse price action. As mentioned above, you can use your own additional market analysis are use straight out of the box, just attach it to your charts and you are ready to go! You may want to start on a demo account to begin with until you get used to it. Instructions and a money back guarantee is included.