Introduction to the Forex Arcanum Indicator
The Forex Arcanum Indicator is a unique forex indicator (or actually a set of indicators) that puts a strong emphasis on analyzing the behavior of the market and traders.
Developers of that gauge assumed that a single human mind can be completely unpredictable and this approach can be applied to financial markets. However, a group of investors that influences the price direction can be predicted with high probability and on a regular basis. This is known as the wisdom of the crowd.
Following that concept, and as a result of advanced formula and calculations, the Forex Arcanum was created. Based on that analysis an accurate forex entry point is provided on the chart in the form of buy/sell arrows.
It has three modes for different trading styles and is suitable for scalping, swing trading, and day trading.
This system fits all kinds of timeframes and currency pairs.
As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
How to set up the Forex Arcanum Indicator in MT4?
Copy and paste indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Similarly, copy and paste the template file to the Templates folder.
Now, right-click on the chart, hover over Templates. You will have displayed a list of available systems, left-click template name you want to run.
The Forex Arcanum indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Download Free MT4 Forex Arcanum Indicator
To download the Forex Arcanum Indicator for Metatrader 4 (MT4) for free just click the button below: