Fncd indicator is a forex trading indicator. Fncd indicator is very simple to trade with. Fncd consists of histograms that fluctuate in positive and negative territory. Same like most of the trading indicators out there Fncd indicator is also most effective in trending market.
The trading rules are basic ones and you don’t require deep knowledge of the market to trade with this indicator. The purpose of Fncd indicator is to make trading easier for the beginner traders. Trading with Fncd indicator helps you trade without emotions and become more objective.
It’s same with all the indicator, if you aren’t disciplined enough to follow the rules of the indicators you will end up losing money despite using very nice technical indicator. When you install Fncd indicator correctly in your charts, your chart should look like this:
This technical indicator consists of histograms. When the histograms are green it’s buy signal and when the histograms are red it’s a sell signal. But you should keep in mind that not every green and red histogram are the buy and sell signals respectively.
When the histograms re in positive territory, you should look for buy and when the histograms are in negative territory, you should look for sell. You see? Rules are very simple. If you follow these rules and trade accordingly, you will have good results.
Buying Conditions Using Fncd indicator.
- The market should be up trending.
- The histogram of Fncd indicator should turn green.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the histograms turn red.
Selling Conditions Using Fncd indicator.
- The market should be down trending.
- The histogram of Fncd indicator should turn red.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the histograms turn green.
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