Forex Indicators 96
Platform: MT4 Type: Trend Last update: September 24, 2024The Forex Indicators 96 is, according to its developers, a non-repaint forex technical analysis indicator used to forecast price changes in the currency market. By using the SFI indicator, traders can make decisions about market entries and exits.
Authors of that tool claim astonishing accuracy of above 95%. Of course, it means there are wrong signals, but the rate of winning signals is higher than the wrong ones in long term. After quick glance at the chart, you can notice that the signals provided are solid and highly accurate.
How to use the forex indicators 96 in trading?
The Forex Indicators 96 system uses a blue and red circles as trading signals. The red circle contains the ‘9’ mark and indicates a bearish trend. Conversely, the blue circle contains the ‘6’ mark and indicates a bullish trend.
Important notice from the Forex Racer team: although the developers of the Forex 96 Indicators claim it is a non-repaint trading system, we have manually checked it to verify. Unfortunately, our tests have proved that it repaints.
Buy Signal
Follow these steps for a long trade:
- A blue forex ‘6’ circle appears
- Price swings higher from recent low swing
- Buy trade is triggered after the above conditions are met
- Set stop loss a few pips below the last provided circle
- Take profit or exit trade whenever the red forex ‘9’ circle appears
Sell Signal
Follow these steps for a short trade:
- A red forex ‘9’ circle appears
- Price swings lower from recent high swing
- Sell trade is triggered after the above conditions are met
- Set stop loss a few pips above the last provided circle
- Take profit or exit trade whenever the blue forex ‘6’ circle appears
