This occurs when the candles turn dark blue. Step One: Search the Currency pairs for signs of reversals by looking for the entry line + orange candles. And this is how do you trade with this indicator… You should learn about all of the unique features it comes with. You got this great trading tool we provided – EFC indicator. Always consider how liquid the market is and be aware of news events. This indicator will work and show you great places to enter trades.
We highly recommend you try it on a demo account before using this on a live account.
This indicator shows you where the recommended placement of the stop loss, entry order, and take profit should be based on the strategy. Note: The EFC indicator is not an automated system. We will give you a picture of the EFC indicator in action and what we recommend doing when you see a possible entry. Since this EFC indicator works that same way as the RSI 80-20 strategy works, you will find it very similar to this strategy. As soon as RSI divergence is detected, the indicator puts buy/sell stop order at the level, which the price should reach to be sure the new trend starts. The EFC Indicator basic concept is to open position as a reversal trend is detected.
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