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Once the rejection pattern is spotted on the chart, move to the H1 time frame, and look for the bearish price action signal. If you want to improve your accuracy at trading, find the major resistance in the H4 or D1 chart only. The resistance levels are the prime zone for selling an instrument. IClock_Mod1 Indicator For MT4 - Sell Entries The trade must be executed in the active trading session or else you won’t get any better result. And make sure you use the remaining time of the candle to know the exact time for the trade execution. If you intend to close the sound the alert, you can do so via accessing the settings menu for this indicator. As soon as the next bar is formed, you will get a sound alert from the iClock_Mod1. If the timer says, the candle has less than 30 minutes, you should wait for the next bar to form. Once you get the signal, it’s time to improve your trade timing via iClock_Mod1.īefore you take the trade, use the iClock_Mod1 to know about the remaining time for the closing of the candle. No matter which method you chose, you are most likely to find the buying signal at the key support zone or the break of major resistance. Those who don’t have any idea about the price action signal uses complicated indicator settings to get the right place to buy the asset.
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Usually, the traders look for the bullish price action signal at the major support level. The process of finding the potential buying zone is the same in most of the trading strategies. IClock_Mod1 Indicator For MT4 - Buy Entries Now let’s see how this green color clock can transform our regular trading strategy into a premium edge in the Forex market. The remaining time data is shown with the green-colored clock. You can easily see the remaining time for the beginning of the new candle in the right part of the chart. Never take the trades at the middle of the candle. You have to depend on the iClock_Mod1 from the start.
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So, is it possible to time our trade like a pro trader without having years of experience? The straightforward answer is YES. Some experts often have more than a 90% win ratio since they know the perfect way to time their trade. If the number is less, the trade timings are not that perfect. To live your life based on trading, need to be certain that the system is generating more than 65% profitable trade. They don’t even know the win ratio for the system. The majority of novice traders don’t have any idea about the quality of the signals generated by their strategy. Trading ideas with the iClock_Mod1 Indicator For MT4 But if you manage to utilize the iClock_Mod1 indicator perfectly, be ready to see a dramatic change in your performance. It takes years of practice before you learn to time your trade properly. And don’t expect that timing the trade properly is an easy task. But once you finish reading this article, you will realize why you are struggling with the trading profession. You might be wondering that this indicator is not so useful since it has a very limited function.
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But smart investors use the iClock_Mod1 indicator to find the sweet spot at trading. Some novice traders take their trade too early and some wait too long even after getting the confirmation. Those who are habituated with big lot size trade setups know how a few second delays can alter their profit factor tremendously.Ī successful trader always wants to take the trades at the right moment. Timing is everything when it comes to taking the trades in the real market. To the novice trader, the use of this indicator might seem useless but they often consider it as the best tool to trade the real market. As soon as a new candle is formed, it also creates an alert so that the traders can evaluate the state of the market. The indicator is capable of calculating the remaining time of the candle in any time frame. The iClock_Mod1 Indicator For MT4 is a powerful tool designed mainly for advanced day traders. Alerts In Real-Time When Divergences Occur