Vulkan Profit Indicator
Platform: MT4 Type: Scalping Last update: October 7, 2024The 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).
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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.
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.
