Rubicon Indicator appeared quite recently and very quickly became popular among many traders. And all because this indicator and strategy based on it show very good results in forex trading.
Its name derives from the Rubicon indicator analogy with the known expression “cross the Rubicon”, which means to risk everything in order to achieve the great goal, take some irrevocable decision. In turn, this expression has its roots in the distant past, when Julius Caesar took a difficult decision for myself to go with his army Rubicon river in the Apennines peninsula, at the risk of completely losing power in case of failure in the war.
Rubicon Indicator is not difficult to analyze the signal to enter the market, as these same signals it displays arrows on the chart. In addition to the chart you will see a large number of additional indicators and a variety of filters, which makes it still very easy to use even for beginners.
Rubicon indicator is universal and can be used on any time frame and currency pairs. Arrow indicator can not be redrawn. But there is one minor drawback – you can not test it on history, since his previous arrows disappear after crossing the moving average price EMA 116 red. This is done in order not to distract from the actual trader signals in real time.
Characteristics of Rubicon indicator
Platform: Meta trader 4
Time: Round the clock
Currency Pairs: Any
Time frame: Any
As you can see in the picture above, the indicator Rubicon plotted moving average EMA116 red and fast moving blue and cyan, green line – Levels for pending orders, and the numbers in the boxes – the recommended levels for Stop Loss and Take Profit.
Rubicon indicator signals to enter a trade
Once the price and fast moving cross the red moving average EMA116 preparing for a possible entry into the market. If the price is above EMA116 only consider buying if lower – only sale.
When the horizontal green line exhibiting a pending order (Buy Stop or Sell Stop) at its level. When the price breaks through the green line and will warrant an arrow will appear in the boxes and numbers.
Set stop loss on the indicator, and take profit in three times more stop loss. Yes, in fielding take profit we do not listen recommendations indicator, since the ratio of 1:1 (about issues such attitude indicator) is small and does not give an opportunity to compensate for loss in case of failure. But, Take Profit Stop Loss equal to three will allow our profits to grow. But such a Take Profit should stand for the first four orders after passing through price EMA116. For following the 4th Signal Take Profit = Stop Loss.
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