EFC Indicator

The EFC Indicator basic concept is to open position as a reversal trend is detected. As soon as RSI divergence is detected, the indicator puts buy/sell stop order at the level, which the price should reach to be sure the new trend starts.

Since this EFC indicator works that same way as the RSI 80-20 strategy works, you will find it very similar to this strategy. We will give you a picture of the EFC indicator in action and what we recommend doing when you see a possible entry.

Note: The EFC indicator is not an automated system. This indicator shows you where the recommended placement of the stop loss, entry order, and take profit should be based on the strategy. We highly recommend you try it on a demo account before using this on a live account. This indicator will work and show you great places to enter trades. Always consider how liquid the market is and be aware of news events.

How to use the EFC indicator?

You got this great trading tool we provided – EFC indicator. You should learn about all of the unique features it comes with. And this is how do you trade with this indicator…

Step One: Search the Currency pairs for signs of reversals by looking for the entry line + orange candles.

Step Two: Wait for Divergence. This occurs when the candles turn dark blue.

Step Three: Entry. Once there is divergence and the price action touches the set Entry line then the trade recommendation will now activate.

A green arrow up means that this currency pair is heading for a reversal and you should BUY this pair. So if the colored candles are appearing below the entry line then you know this will be a buy trade.

That is the basic strategy to using this indicator for a buy trade. Wait for the RSI trigger (orange candles) Divergence (dark blue) and then entry (Green up arrow). Once all occur make the entry, place your stop and your TP at the recommended lines. The same sequence goes for a sell trade only the arrow will be a down red arrow and the candles will be red.

Above is only small part of trading manual for EFC indicator. Download files and read whole manual carefully to learn how to use EFC forex indicator and start trading for real.

EFC Indicator free download.

To download this MT4 indicator or trading system just click the button below:


Popular Posts

100% Non Repaint Forex Scalping Indicator

The 100% non repaint scalping indicator is a custom forex buy and sell arrows signals trading tool for any time frame and currency pair...

Trend Imperator V2 Trading System

Trend Imperator V2 is advanced forex trading system with clear arrows buy and sell signals. In the package you will receive following files: Trend_Imperator_V2e.ex4 Trend_Imperator_V2.ex4...

Supply and Demand Indicator

Shved Supply and Demand The Supply and Demand Indicator is a MetaTrader 5 (MQL5) version of the indicator originally coded by Shved and upgraded by...

Forex Entry Point Indicator

Forex Entry Point indicator was designed to give traders the best possible entry for their long and short trades and it displays pink and...

Candle Time Indicator

Thanks to the Candle Time Indicator you will never miss another candle close! This forex indicator, the Candle Time Indicator for MetaTrader 4 (MT4), helps...

Looking for something?

What is your best indicator?

View Results

Loading ... Loading ...

You might also likeRELATED
Recommended for you