GFK Forex Indicator: Simplified Scalping and Intraday Trading
 
Description: GFK Forex Indicator is designed for scalping on the M5 timeframe and for intraday trading on M30 and higher. It can be successfully used on any currency pairs and timeframes.
 
Developers of the GFK Forex Indicator argue that it can be used in trade alone, but it is recommended to add additional filters. This indicator is designed to suit beginners, as it performs technical analysis and shows only the necessary information. It keeps the chart organized by displaying minimal yet crucial data.
 
The indicator displays the trend of market prices and provides buy or sell signals. It is shown on a separate chart below the main chart. A green line indicates the market trend, and a buy or sell signal appears in the top right corner as a green dot for a buy signal or a red dot for a sell signal.
 
Characteristics of GFK Forex Indicator:
Platform: Metatrader4
Currency pairs: All pairs 
Trading Time: Intraday
Time-frame: Any
 
Rules for opening a Long Position:
 
Open a Buy position when there is a corresponding sound signal and green circle, while the GFK Forex Indicator turns green.
Exit when an opposite signal (Sell Signal) appears.
 
Rules for opening a Short Position:
Open a Sell position when there is a corresponding sound signal and red circle, while the GFK Forex Indicator turns red.
Exit when an opposite signal (Buy Signal) appears.
 
Please note:
Purchasing this GFK Forex Indicator grants you FULL ACCESS to the Code and Parameters.
 
 
RISK DISCLAIMER:
The application shown on this page does not consider your personal circumstances and trading objectives. Therefore, it should not be seen as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, methods, expert advisors (EAs), scripts and/or indicators will lead to profits or prevent losses.