Download Dynamic Profit Detector (Free Forex Indicator)
Netpicks is making one of its Forex indicators free for a limited time. Download Dynamic Profit Detector Here
One of the trading tricks the pro traders use is to always trade with the overall directional bias on higher time frames. To make things super easy, you just place this indicator on your chart and only trade in the direction it indicates. This simple step can easily improve your trading performance.
If you have a trading system you are currently using, on any time frame, you should download the Dynamic Profit Detector and put it on your charts. Check to see if trading in the direction of the overall higher time frame bias improves your results. We bet it will. It can either double or triple your profits.
Being a profitable Forex trader does not mean your need to take every trade that comes along. As a matter of fact, being picky about the trades you take can improve performance. So see if the Dynamic Profit Detector works with the system you are using.
Download Dynamic Profit Detector Here
Trading with the BIAS is very different from the strategy used at Forex End Of Day Signals. They use a straddle strategy, which means they straddle the market with pending orders and wait for price to pick a direction. As most of you know, the markets can be random at times and this allows you to get into trades no matter what direction price decides to run.
Since Red Iron FX Signals, the signals package available at Forex End Of Day Signals, uses tight stops, better than 1:1 risk to reward take profits and looks to be in and out of trades in less than 24 hours, this strategy works well.
However, if you are Swing Trading, or looking to hold your trades for longer than 24 hours, you really should be trading with the bias to but the odds in your favor. This just shows you how two different methods of trading can be profitable.