Forex Line Indicator V8

  • Version 8 is continuous version of 6 and 7
  • Indicator Version 6 & 7 combined with new Indicator Version 8
  • Version 8 use Black & Gold template color
  • (All new Indicator is not re-painting combined with previous version)

1.FL-MA (Moving Average)

2.FL-Breakout Box

Breakout box is set for Europe & London opening

3.FL-Demand (Buyer & Seller)

FOREX LINE INDICATOR VERSION 8 STRATEGY SETUP 1 -Scalping

SELL
MA1 Line below MA2 Line
MA zone (Yellow) Below MA1 Line & MA2 Line
Candle Stick Below MA1, MA2 and MA zone (Yellow)
Entry1 When candle breakout Red Box and Seller Demand start
Entry2 When Bearish candle cross below MA1, MA2 & MA zone
BUY
MA1 Line above MA2 Line
MA zone (Blue) Above MA1 Line & MA2 Line
Candle Stick Above MA1, MA2 and MA zone (Blue)
Entry1 When candle breakout Red Box and Buyer Demand start
Entry2 When Bullish candle cross above MA1, MA2 & MA zone

FOREX LINE INDICATOR VERSION 8 STRATEGY SETUP 2 – SWING

SELL
Use timeframe H1 or H4 for accurate arrow & Trend then entry at Timeframe M15
Both FL Arrow & Mini Line Arrow already come out
Buyer Trend Decreased as above photo
Entry point is after White box breakout (Use M15 timeframe for clear breakout & SL setup above Fibo Upper Line)
For early entry is when Red FL-arrow come out and set SL above arrow
For swing, take profit is more or above 30pips with SL set at Fibo Upper Line on M15 timeframe
BUY
Use timeframe H1 or H4 for accurate arrow & Trend then entry at Timeframe M15
Both FL Arrow & Mini Line Arrow already come out
Seller Trend Decreased as above photo
Entry point is after White box breakout (Use M15 timeframe for clear breakout & SL setup above Fibo Lower Line)
For early entry is when Blue FL-arrow come out and set SL Below arrow
For swing, take profit is more or above 30pips with SL set at Fibo Lower Line on M15 timeframe

STOP LOSS, TAKE PROFIT & FALSE SIGNAL

Sell Stop Loss must set at Upper Fibo Line
Buy Stop Loss must set at Lower Fibo Line
Sell Take Profit when Seller Decreased (Yellow zone become smaller)
Buy Take Profit when Buyer Decreased (Blue zone become smaller)
False Signal When Candle not crossing MA1, MA2 & MA zone
False Signal when buyer or seller not entry after all confirmation

Leave a Comment

Open