Forex Entry Point indicator was designed to give traders best possible entry for their long and short trades.It displays pink and turquoise vertical lines in lower window of Metatrader terminal. Those color lines predictes possible major market trend changes. FEP can be used for different trading styles – it is suitable for 5min scalping and longer term trading on 1h, 4h, daily charts. This indicator can be used on any currency pair, however you will get best results of high volatility pairs like GBP/JPY.
Attributes of Forex Entry Poin indicator.
Currency pairs: all, we recommend major pairs
Trading Time: whole day
Timeframe: all, we recommend H1 or higher
How to use Forex Entry Point?
Open long trade (buy) when there was a vertical line of color turquoise and bar is closed. Exit with the appearance of vertical lines of opposite color.
Open short trade (sell) when there was a vertical line of color pink and bar is closed. Exit with the appearance of vertical lines of opposite color.