Forex Goiler is a forex indicator designed for intraday trading. It can be used on any currency pair but limit your timeframes up to H4 (most preferably use H1). The indicator is very to use because you only need to follow the signals and instructions displayed in the right bottom of your chart.
How to trade with Forex Goiler?
Signals will begin at each market day according to your present GMT offset.
Please note that Monday signal may begin near the end of Friday session if your GMT is greater than 0.
As you can see at the bottom right corner, the current signal will be displayed as either a BUY or SELL, with the corresponding entry, exit, and stoploss levels. They are also color coded for easy reference. On the actual chart, these levels will be displayed with the appropriate color and level. The white line is Entry level #1. This is where the signal will
start. The orange line is Entry level #2. If price has opposite momentum or changes trend in opposition to the Goiler signal, this entry level can be used as an alternative entry. The two green lines are two different takeprofit levels. The first is recommended for use with Entry #1 (white line). The second can be used for a more aggressive exit, or used in conjunction with trailstop, partial takeprofit, and/or breakeven at the TP#1 level. It is important to lock in profit at certain levels, but that will not be discussed here.
If your entry was the orange Entry #2, your first TP will be the white line (Entry #1). Again, you can lock in profits by closing the trade or trailing the trade to the next level, whatever fits your trading style. The red SL line represents the recommended stop loss level for Goiler, and is not recommended for an entry level, as price may continue its momentum against the signal.