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Bulls Bears 4x Traffic MT4 Indicator shows you trend strength for four time frames: 5 Min, 15Min, 30Min and H1 time frame. You can use blue lines as support / resistance levels. If all time frames are green you can wait to price touch first or second blue line to open buy position, blue line below your open position in this case would be stop loss point. Opposite for sell (all time frames are red).
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Disclaimer: Trading in the off-exchange Foreign Exchange Market (FX, Forex) is very speculative in nature, involves considerable risk and is not appropriate for all investors. Therefore, before deciding to participate in off-exchange Foreign Exchange trading, you should carefully consider your investment objectives, level of experience and risk appetite. Investors should only use risk capital when trading Forex because there is always the risk of substantial loss. Most importantly, do not invest money you cannot afford to lose. Any mention of past performance is not indicative of future results. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors. |
