One more uncomplicated forex indicator called GFK Forex Indicator. Can be successfully used on any currency pairs and time frames. GFK Forex Indicator is well suited for scalping on the M5 and for intraday trading on M30 and higher.
Characteristics of GFK Forex Indicator
- Platform: Metatrader4
- Currency pairs: Any
- Trading Time: Around the clock
- Timeframe: Any
- Recommended broker: Alpari
Open a Buy position when there was a corresponding sound signal, green circle while GFK Forex Indicator became green. Exit the appearance of the opposite signal (Sell Signal):
Open a Sell position when there was a corresponding sound signal, red circle while GFK Forex Indicator became red. Exit when appeared opposite signal (Buy Signal):
Developers of GFK Forex Indicator argue that it can be used in trade alone, but I still recommend to add to this indicator, additional filters.
Video demonstration of the GFK Forex Indicator: