A Non-Repaint trading algorithm known as the FOREX VIKING Indicator was created to identify high-value transaction volatility and to provide buy and sell trade recommendations for maximum profits.
Perfect programming has gone into the FOREX VIKING PRO System. It has an ON-SCREEN Panel that instructs you to buy or sell as well as trend and spread. A built-in range/trend change detector warns you with a Buy or Sell arrow when a change is detected.
The FOREX VIKING Indicator has the option of sending signal alerts to your email, mobile device, or platform pop-ups. This is advantageous since it allows you to keep an eye on numerous charts at once rather than having to spend the entire day waiting for signals to come on the charts.
Any Forex currency pair as well as other assets including stocks, commodities, cryptocurrencies, precious metals, oil, gas, etc. can be traded using the FOREX VIKING PRO Indicator System. Additionally, you may apply it to any time frame that works best for you, including charts for one minute to one month.
FOREX VIKING Pro only uses manual processes. The indicators generate the signals, but it is up to the trader to decide when to enter the market, create protective stops, and when to quit it profitably. As a result, the trader must be conversant with the concepts of risk and reward and set entries and exits using initial support and resistance levels.
The FOREX VIKING system can provide you with trade signals that you can use as-is or further filter with your own chart research, which is advised. All levels of traders can utilize this strategy, but until you are reliable and self-assured enough to trade on a live account, it can be helpful to practice trading on an MT4 demo account.
A simple method of trading forex is provided by Forex Viking PRO. The system will display the buy/sell signals in real-time on your Metatrader 4 chart once it has been configured, assisting you in making wise selections.
Three distinct signals are provided by the system:
- Signal BUY: This signal instructs you to buy the Forex pair now. It indicates that the system’s predictive algorithm has determined a likely increase in the currency pair’s value.
- Signal SELL: You should sell the Forex pair now upon receiving this signal. The algorithm has predicted a possible decrease in the currency pair’s value.
- Signal WAIT: The Wait signal indicates holding off any action and waiting for the next available signal. It essentially informs you that the system hasn’t detected a clear trading opportunity.
Trading rules
When employing this FOREX VIKING System, keep in mind to tighten your stop losses around High Impact News Releases or refrain from trading at least 15 minutes before and after these events.
As usual, use wise money management to get the best outcomes. You need to master discipline, emotions, and psychology to be a successful trader. Knowing when to trade and when not to is essential. Avoid trading at times and under unfavorable market conditions, such as low volume or volatility, outside of the main sessions, with exotic currency pairs, wider spreads, etc.
BUY Entry
- Open a BUY trade when the SIGNAL in the upper left box turns to BUY. The BLUE arrow will appear on the chart as well.
- Place the stop loss below the previous swing low.
- Close the buy trade for a reward/risk ratio of 1.5. or better.
- Alternatively, close the buy trade when the SIGNAL turns back to SELL.
SELL Entry
- Open a SELL trade when the SIGNAL in the upper left box turns to SELL. The PURPLE arrow will appear on the chart as well.Place the stop loss above the previous swing high.Close the sell trade for a reward/risk ratio of 1.5. or better.Alternatively, close the sell trade when the SIGNAL turns back to BUY.