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The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. When the yellow bars form a local low and reverse upwards however, no red bars emerge , open a buying trade with an SL behind the nearest low on the price chart.

A signal to sell emerges in a downtrend when the red histogram is declining. Wait for a correction, i. growing yellow bars of the histogram. When the correction is over and the yellow bars, having formed a local high, reverse downwards but no blue bars appear , enter a selling trade.

Place an SL behind the local price high. Forex Profit Boost is a good and demonstrative trend indicator. However, regardless of its complexity and the use of two popular indicators the MA and Bollinger Bands , Forex Profit Boost may hardly be called an independent trading system. As well as other trend indicators, Forex Profit Boost may give false signals in a lengthy flat.

To enhance the quality of signals, try using other indicators, tech analysis, or Price Action patterns. Download Forex Profit Boost indicator. Has traded in financial markets since The knowledge and experience he has acquired constitute his own approach to analyzing assets, which he is happy to share with the listeners of RoboForex webinars. This overview describes what economic recession is and why it happens. We will analyse a case of global economic recession and see some advice concerning how to behave during a crisis.

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Try Free Demo. Main · Indicators · Trading with Forex Profit Boost Indicator. Trading with Forex Profit Boost Indicator. Contents Description of Forex Profit Boost Colored histogram of the indicator signals Installing and setting up Forex Profit Boost The trading signals of Forex Profit Boost An aggressive signal entering at the reversal A conservative signal entering after a correction Bottom line.

As you can see, these are standard classic indicators that can be found in the MT4 trading terminal. Having adapting a little in terms of color and parameters, the authors got an excellent trend indicator in an unusual design - it colors the bars and the area next to it in different colors.

Forex Profit Boost signals a trend change by changing the color of the bars. In general, it has three colors. When the indicator bars turn red, it means a downtrend. The appearance of red indicates a bearish market sentiment, and sales are being considered. Yellow means a flat — lateral movement or reversal. Moreover, the larger the yellow zone, the higher the chance of a trend reversal. Forex Profit Boost works well with strong movements, and the higher the timeframe, the better the signals.

An indicator that correctly shows the direction of the trend does not always have to be sophisticated. Sometimes, combining the values of well-known indicators gives unusual and useful indicators that can be successfully applied in the market.

This applies to a trend indicator called Forex Profit Boost. It consists of standard indicators, but in the compartment, they accurately determine the trend change.

Moreover, he does not redraw values, which only adds to his advantages. The indicator consists of Bollinger Bands and two Moving Average. As you can see, these are standard classic indicators that can be found in the MT4 trading terminal.

Having adapting a little in terms of color and parameters, the authors got an excellent trend indicator in an unusual design - it colors the bars and the area next to it in different colors. Forex Profit Boost signals a trend change by changing the color of the bars. In general, it has three colors.

When the indicator bars turn red, it means a downtrend. The appearance of red indicates a bearish market sentiment, and sales are being considered. Yellow means a flat — lateral movement or reversal. Moreover, the larger the yellow zone, the higher the chance of a trend reversal. Forex Profit Boost works well with strong movements, and the higher the timeframe, the better the signals. In a calm market, the indicator may give false signals.

To avoid this, we recommend using the indicator in trending strategies. You can find examples of such systems using the FPB indicator in the Strategies section of our website.

Quite easy to use, but at the same time, it is worth trying to use the Forex Profit Boost indicator in your system. It gives quite decent signals in the trending market, and when using additional filtering methods, such as candlestick formations, levels, or oscillators, it is a ready-made trading system.

free download. Try WinRAR for Windows or The Unarchiver for Mac. Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you. Sponsored by. BACK TO ARTICLES Forex Profit Boost Indicator. Close X.

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