1. Yuna Yemili
  2. Currency (Forex) Trading
  3. Saturday, 05 October 2019
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Clear FX-Signals :o

Before we go any further it’s important to understand how and where the arrows are displayed on the chart. The default setting will make the arrows appear on the OPEN of the bar that the trade is to be entered on. In other words as soon as the bar opens the arrow appears and the trade is entered on that bar. The alternative setting, which can be adjusted in the input parameters, can make it such that the arrows appear on the CLOSE of the PREVIOUS bar (the signal bar, just before the new bar opens). The trading difference is primarily a matter of visual preference (how the user wants to visualize the arrows on the chart), although the two different settings can make a slight difference as to when, and at what price, the trade is opened if the closing price and opening price of the bars on which the arrows appear are different, along with a few other factors. Again, the default setting is for the arrow to appear on the open of the bar that the trade is taken. If this seems confusing don’t worry once you watch the indicator in real time it will make sense. We encourage only observing or trading in a demo/simulated account in order to become familiar with the indicator.
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