Forex 101 pips indicator is a new Japanese-style of Forex trading. The developers of the system claim it is the worlds first Forex indicator that precisely identifies price reversal points at the beginning. They believe that it’s possible to predict each new trend with almost 0 false signals.
Today I will be providing a review in looking at some of the examples the development team has provided us.
Forex 101 Pips Indicator Review
The Forex 101 pips indicator was initially developed for a private client. The developer claims that the client was so happy with the project that they gave the rights to sell the system to the Forex community. For the system works with major pairs such as the EURUSD, GBPUSD, USDJPY and will automatically adapt settings to these pairs when they are active on the chart. The indicator will work on both the M15 and H4 timeframes.
Despite automatically adapting to the major pairs the Forex 101 pips indicator does also work with any pair. The system comes with a secondary indicator that can be used for setting up a trailing stoploss or take profit. The recommendations for traders follows. The trader is to check the H1 trend to make sure that the trade is suitable. The trader also has to enter the market on additional signals no more than 2 to 3 times per trend. The developer also wants traders to set the take profit level higher than the stoploss level to gain more profits.
Today I won’t be recommending the Forex 101 pips indicator that this is a software I will take a look at again in the coming months. I feel as though this developer is really starting to gather steam and provide a lot of systems and I hope they don’t get ahead of themselves. They seem to be providing systems all the angle of Japanese trading. I’m not exactly sure what that means or if it’s a good thing. If you need help in Forex please feel free to send me an email at any time or go to my contact page.