The Forex enigma indicator is an MT4 indicator used to detect the scalping in the market trend. This scalping indicator is designed for specific M1 and M5 timeframes. It is used to detect the buy and sell Signals in the market trend. It is a non-repaint indicator.
Forex enigma indicator
It is used to reveal the secrets of the market trend. It plots reversal buy and sell signals on the indicator chart. It is a new and unique indicator. It detects the scalping (small changings in the market) with the help of advanced features of this indicator.
It is a combination of the most profitable algorithms and hidden strategies that works together and in result gives the most reliable profit in the trade.
Forex enigma indicator is designed for mt4 platforms and this indicator is designed for short term traders and long term traders, but this indicator is more applicable for the short term traders, beginners, advanced traders, and expert can use this indicator.
The parameters used in Forex enigma indicator are given below: –
- Trading style: It is used to trade in different styles with one indicator.
- Period setting: – it is used to set the period candlestick patterns and different things that can help to draw graphs on the indicator chart.
- Take profit: this strategy helps the traders to take profit whenever they saw any downtrend or loss in their market trend.
- Stop loss: it is used to stop loss to eliminate the chances of loss in the trade.
- Info positions: it is used to detect the positions of the trader; it locates the info on the window chart, the strength of the trend, direction of the current signals, and name on the indicator chart.
- Sound alert: it gives sound alerts when the indicator detects any changings in the market trend.
- Email alert: it puts email notifications and alerts for market changings.
- Colour up area: it is used to colour the area of the uptrend
- Colour down area: it is used to colour the area of the downtrend.
Forex enigma indicator TRADING STYLES: –
The Forex enigma indicator has three different modes for three different styles for trade. These modes are given below:
- Conservative: – in conservative mode, signals frequency is normal, safety measures are maximum sensitive, trend directions are standard, and it has low risks in the trade.
- Medium: – In medium mode the frequency of the signals is high, safety measures are optimal, trend direction sensitive, and it has moderate risks in the trade.
- Aggressive: – In aggressive mode the frequency of the signal is extreme, safety measures are low, trend direction highly sensitive, and it has high risks in the trade.
Uses of Forex Enigma Indicator: –
The forex enigma indicator has too many uses. Some of them are mentioned here. This indicator is used to detect the scalping in the market trend.
This indicator also tells about the overbought and oversold in the market trend. It uses different trading styles to trade in different ways from one indicator. It is one of the best scalping indicators.
Uses of Forex enigma indicator:
Currency pairs: All
EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD, USDCAD,EURJPY, EURCHF, EURGBP, EURAUD, EURNZD, EURCAD,GBPJPY, GBPCHF, GBPAUD, GBPNZD, GBPCAD AUDCAD, AUDNZD, AUDJPY, CHFJPY, NZDJPY, CADJPY, CADCHF, NZDCHF
Trading Time: 24 Hours
Timeframe: Forex enigma indicator
Recommended broker: All trusted brokers
Remember, Before use Forex enigma indicator you can test on Demo account. When you will expert then you will use in Real account of trading.
Submit your review