MF Line System for Gold and EU Trading

As a newbie in forex trading, at the beginning I have little experience in analyzing the forex market and forecasting the trend of currency pairs. It’s very difficult for me to go long or short. I have learned a lot from Babypips School and also some popular forums in my country. There’s a free indicator that gives signal trend to traders. I give it a try and think it’s quite good and easy to use, especially No repaint.

See, the red line indicates the downward trend and the blue one shows the upward trend. Should I start a real trade with this? :33:


I think if we use it with other indicators, it could bring us more accurate trend forecast in forex trading.
Is there any idea about this? Hope to get comments from you guys.

Many thanks. :53:

This indicator still shows accurate trend for EUR/USD M30 as shown in photo. :33:

Is there anyone check it out? :eek:

Problem with using other indicators is that you tend to filter out just as many good trades as you do bad. But if you apply price action or candlestick patterns you stand a lot better chance of comfirming an enrty n exit point. Also a much overlook factor. Time of day. Add these onto you plan and you will be your way.

Best of luck bro

Bob

Hi Bob,

Thanks for your sharing.:slight_smile:

Actually, i usually trade EUR/USD in TF M30 at US Exchange Time zone. I’m also interested in trading Gold. I see this indicator can apply in both forex and gold.
I often make 3% balancer/1 trade.

Anyway, could you plz share your experience when you first put your footprint in forex trading market?

Thank you very much :smiley:

Should I place a trade with Gold H4? :33::33::33:

Up from 2956pips yesterday to 3410pips today :60:

Gold H4 is still in upward trend as the indicator forecasts :wink:

The indicator forecasts the upward trend for Gold M15. Let’s see what happens :smiley:

Gold H1 still down as the indicator forecast :smiley:

Gold M15 still down


Update Gold H1

The red line with arrow indicates downward trend.

And Gold H4 is still in downward trend :smiley:

Where do you get this indicator from?

It aint standard with mt4

I use it with mt4 platform. add my skype (vehatde) or give me ur email. I’ll show you how to get it for free :smiley:

Gold H4 at the moment: Still in downward trend

Gold H1 in downward trend for nearly a week

Gold H4 still has downward trend

Updating Gold H4 at the moment


Gold price dropped dramatically as Fed end its QE3