In this post I will be reviewing the Forex Equilibrium manual forex trading indicator. This is a technical indicator that you can attach to your charts in the MetaTrader platform to analyse the market for potential trading signals. When the Forex Equilibrium indicator discovers a trade signal, it will send you an alert. You can then decide if you would like to enter a trade or wait for the next signal to come along.
The Forex Equilibrium indicator is another forex trading system from the Karl Dittmann whose previous forex software I have reviewed including Fibo Quantum, Super Profit Scalper, Pips Wizard Pro, Forex Enigma, Forex Monarch, Forex Resolut, Exynox Scalper System, Onyx Scalper, Alfa Scalper, DNA Scalper, X Trend Premium, FX Atom Pro, X Scalper, Set Forget Pattern Profit, Rapid Trend Gainer, Infinity Scalper, Triumph Scalper, Forex Starlight, Forex Spectrum and FX Meta Scalper.
Forex Equilibrium Strategy
You can use the Forex Equilibrium indicator on any chart timeframe or financial instrument that you wish. It is very flexible in that sense. The trading signals are colour coded and very clear. I do not think anyone would have any trouble interpreting the buy/sell arrows on the chart. It can be used for all types of trading style, including forex scalping, day trading and swing trading. However, there are some significant limitations that you need to consider before using this, or any other manual forex indicator for that matter.
The Forex Equilibrium indicator simply gives you trading signals based on an algorithm programmed by the developer. There are no guarantees to how good or bad each signal is. You could blindly follow them all but I think that could be a risky strategy. I would personally want to conduct my own forms of technical, fundamental and sentiment analysis before taking any of the trades that it might suggest. This way, it can help to filter some of the inconsistent signals that the Forex Equilibrium generates.
Furthermore, you will need to have a firm grasp on forex money management. The Forex Equilibrium indicator can be used to find entry and exit points, but you should have your own money management strategy in place. Every forex trader is different, with individual risk preferences. I would be looking to use a tight stop loss so I can cut my losing trades short and perhaps lock good trades in at break-even point. I could then trail the reminder of the position with a trailing stop or use an opposite Forex Equilibrium signal to exit the market.
Forex Equilibrium Assistant
One of the unique features of the Forex Equilibrium indicator which helps it stand out from the thousands of other forex indicators is the Forex Equilibrium Assistant. Once the indicator generates a new signal, the Assistant window pops up on the chart and enables you to enter a trade with only a few clicks and a couple seconds.
The next step is to choose one of the proposed entry points and click on the corresponding button. The rest of work will be done by the “Forex Equilibrium Assistant”. It will take control over all needed actions such as opening and closing orders at the optimal moment (according to chosen settings).
There are 3 Entry Options available: “Enter now and Exit at Opposite Signal”, “Enter Now with Chosen Take Profit” and “Exit at Opposite Signal or TP Level”.
Once you choose the “Enter now and Exit at Opposite Signal” option, a trade will be entered immediately.
If you choose the “Enter Now with Chosen Take Profit” option, a trade will be entered automatically once the chosen Take Profit is generated. Choosing the option “Exit at Opposite Signal or TP Level” an order will be closed either when an opposite signal is generated or when the chosen TP level is reached.
So, all the possible methods to enter or exit a trade are offered to you immediately after a signal is generated. Under the volatility conditions on the Forex Market, this is a very useful option. You may not always be able to react as fast if manually entering all the price levels.
However, you do not have to use the provided stop loss and take profit levels. You are of course free to use your own. I would always try to aim for a favourable risk to reward ratio where one bad trade will not wipe out a good run of consecutive winners.
Forex Equilibrium Features
- Manual forex trading strategy that can be used on any currency pair and chart timeframe
- Select a Trading Style that suits you: Conservative, Medium, Aggressive, or Custom (it allows you to manually alter the frequency and range parameters)
- Compatible with the MT4 desktop platform only
- As soon as the “Forex Equilibrium” indicator generates a BUY signal, you can see a blue arrow and blue laser line, following the price
- As soon as the “Forex Equilibrium” indicator generates a SELL signal, you can see a yellow arrow and yellow laser line, following the price
Forex Equilibrium Summary
There is on one size fits all with this indicator. It is very versatile and leaves a lot open to interpretation. Two traders both using the Forex Equilibrium indicator could get completely different results. This is because trading discipline and money management are likely to have a massive impact on results. I therefore to do not feel like it is any different from the basic MetaTrader indicators and would suggest beginners practice trading as much as possible on a demo account in order to improve their trading knowledge and skills.
The Forex Equilibrium System does come with detailed instructions and examples in the easy to understand user guides. You also get around the clock 24/7 support, free updates and a money back guarantee. Despite the Forex Equilibrium Assistant being a very unique feature that makes it better than many forex indicators that I have previously reviewed, I feel that you could build your own trading template in the MT4 platform with the default indicators and even setup your own alerts.
Forex Equilibrium
$147
Pros
- Trade Assistant
- Clear Buy/Sell Signals
- Easy To Use
- Any Trading Instrument
- Any Chart Time Frame
- Versatile System
- Customisable Settings
- Detailed Instructions
- Full Support
- Money Back Guarantee
Cons
- Requires Some User Input
- MetaTrader 4 Only
- Takes Time To Learn How To Use
- Basic Trading Strategy
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
