The Forex Invincible Signals Indicator consists of two main parts.
The first part is the buy/sell arrows signal.
Simply follow the arrow/signal. Red arrow + Sell signal = Sell, Blue arrow + Buy signal = Buy.
For this signal you can turn on/off the audio alert from the indicator’s settings. Right click on chart >> indicators >> Forex Invincible Signal >> (ALERT = TRUE/FALSE).
The second part is the Support/Resistance Signal.
This option will calculate the average Support/Resistance levels over a period of time. You can set the time period from the indicator’s settings. Right click on chart >> indicators >> Forex Invincible Signal >> ( SRPeriod : Number of Days ).
Using a stop loss for any trades is optional. It often depends on the currency pair you are trading and the time frame you are using.
1 – For Sell Signals : Set your stop loss at any point ABOVE the red arrow. The best stop loss would be the last resistance level.
2 – For Buy Signals : Set your stop loss at any point BELOW the blue arrow. The best stop loss would be the last support level.
For optimal results, use the software with the major currency pairs e.g. EUR/USD, EUR/USD – GBP/USD – USD/CHF – USD/JPY – USD/CAD – AUD/USD.
Also use it with the 15M time charts and higher. The 15M – 30M and 1H charts are more suitable for intraday trading. The 4H chart is more suitable for weekly/swing trading.
If your broker doesn’t provide you with a Metatrader platform, you can open a demo account with any other broker and install the software on their Metatrader platform. You can then simply copy the signals to your broker’s trading platform.