Introduction to the Vulkan Profit Indicator
The Vulkan Profit indicator is a trading tool designed both for the binary options and the forex market.
The indicator is based on the famous Sidus indicator and its trading signals are displayed directly on the main trading chart in the form of arrows.
It’s pretty straightforward to use the Vulkan Profit: open long trade after blue upward arrow (call option) or open short trade after red downward arrow (put option).
This indicator fits all kinds of timeframes and currency pairs, but for binary options, you should focus on M15-H1 timeframes.
The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
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How does it work? How to apply in trading?
Trading Rules Explanation
Signals provided by the Vulkan Profit Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
Buy Entry: Open long trade when the Vulkan Profit indicator displays an upward arrow. You can additionally confirm that, with bullish candlestick patterns and price action. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade when the Vulkan Profit indicator displays an downward arrow. You can additionally confirm that, with bearish candlestick patterns and price action. Place your stop loss a few pips above the last swing high.
Exit Trade / Take Profit: Close your open position when the opposite signal occurs, or use your own preferred method of trade exit.
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.
Example of EUR/CAD H1 Chart
This screenshot below shows an example of the Vulkan Profit Indicator in action.
As you can see on the example chart above, the Vulkan Profit was giving pretty accurate signals. The risk to reward ratio was also very attractive. According to the name of that forex indicator, when the market conditions are favorable, you can generate massive profits using that tool.
How to set up the Vulkan Profit Indicator in MT4?
Copy and paste the vulkan-profit-indicator.mq4 or vulkan-profit-indicator.ex4 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).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Vulkan Profit Indicator is well worth adding to your trading collection but 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.
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To download the Vulkan Profit Indicator for Metatrader 4 (MT4) for free just click the button below:
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