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The Best Forex Money Making Indicator

Posted by Abdz - 10/04/10

In order to succeed in the forex market you have to follow strictly a certain plan or strategy with a success rate of more than 70%.

Before letting you know what is the best forex indicator, i have to tell you the truth about the forex market so you won’t talk about me when you try the indicator.

The truth implies that ” 95% of the forex traders loose their money & the remaining 5% will collect their moeny !”
That’s because all of those 95% of traders don’t have a successful forex trading strategy and if they have it they can’t follow it strictly or blindly !

Believe me, there are too many successful trading strategies but  the key is you, yes You !!

So, now I’ll give you the name of my best forex indicator which has more than 70% success rate..

First Indicator Name : Heiken Ashi Smoothed

Settings :

Ma Method = 2
Ma Period = 6
Ma Method 2 =3
Ma Period 2=2

Second Indicator Name : Momentum

Setting :

Period= 14

How to use this indicator ?

First let me tell you something, follow my rules strictly & don’t cheat because at the end you will be cheating yourself :)

  • Use this indicator on the H1 time frame only (hourly)
  • SELL when the momentum signal is under the 100 level & the heiken ashi is red.
  • Buy when the momentum signal is over the 100 level & the heiken ashi is blue.
  • Close your deals if the momentum and/or heiken ashi reverses
  • Close your deal if you got more than 75 pips for GBP/USD (be strict on this)
  • Don’t scalp & use a reasonable trailing stop.

I hope that you follow my rules strictly and to try it first on the demo account !

You can download & understand the heiken ashi smoothed indicator from the following link (copy and paste into browser’s URL box) :

http://www.forexoma.com/download-heikin-ashi-and-smoothed-heikin-ashi-indicator-and-template-for-metatrader/

Looking to hear from you guys !




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This entry was posted on Saturday, April 10th, 2010 at 11:44 am and is filed under Forex Trading, Make Money Online. The entry is tagged under , . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

7 Responses to “The Best Forex Money Making Indicator”

  1. Clifford Vaccarella says:
    May 3rd, 2010 at 10:02 pm

    Hello, It is great to find a good website like this one. Do you care if I use some of the information here, and I’ll leave a link back to your site?

  2. Abdz says:
    May 4th, 2010 at 10:54 am

    If you wish to use (SOME) of it, you’re welcome but with a link back to the original content.

  3. Darren Yauck says:
    May 30th, 2010 at 12:08 pm

    Thank you for the detailed post.

    It’s detailed, well thought out pieces like these that have helped me in becoming a successful forex trader.

    Check out my blog if you are in to expert advisors.

  4. Hatta says:
    June 3rd, 2010 at 8:12 am

    First try…set tp 50 pip…achieved..today

  5. Hatta says:
    June 4th, 2010 at 3:11 am

    Second day got losses…signal reversed…

  6. Abdz says:
    June 20th, 2010 at 1:44 pm

    Be patient !

  7. Joyce says:
    June 24th, 2010 at 11:44 am

    I already knew about most of this, but even so, I still found it useful. Nice work!

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