Hercules indicator for trading signals
by Hercules de Vries
It is all-in-one indicator. Trend and entry indicator. Suitable for all ForEx pairs including Gold.
Preferred timeframe would be M5. Generates enough valid entries per pair per day. But do not overtrade.
Rules are very simple.
Wait until a trend changes (bars colors from red to blue)
Open a buy on the first up-arrow.
Wait until a trend changes (bars colors from blue to red)
Open a sell on the first down-arrow.
Set your SL from 15 to 50 pips (depends all on a pairs volatility). If your SL got hit, enter on the next opportunity only if the new entry arrow is higher/lower than your previous SL.
Set your TP 2 times your SL. Great risk/reward ratio indeed.
Hercules de Vries