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Gold Vien Indicator

Gold Vein Trading Indicator

Gold Vein Trading system is a trend following indicator. It is designed to work in all timeframes such as 15 min, 30 min, and 1hours. Besides, you can use this indicator to trade in major currency pairs.

The following image is the sample of the Gold vein trading MT4 indicator.

Moreover, this indicator comes with a combination of 5 indicators. This includes

  • Carmen’s eyes indicator.
  • Fischer Jocker indicator (21 periods).
  • Fischer joker indicator (13 periods).
  • SmFischer Transform indicator (8 periods).
  • Pivot point indicator.

In this, Carmen’s eye is the main indicator. If the price goes above, you can BUY, and below, you can SELL.

Trading Signal – BUY:

The price should be above Carmen’s eyes, and it appears in blue colored line.

The candle bars formed by the Fisher joker should be green in 21 periods.

The candle bars formed by the Fisher joker should be green in 18 periods.

SM Fisher Bars have to be green in 8 periods.

Gold vein indicator bars have to be green in 50 periods.

Trading signal – SELL:

The market price should be below in the carmen’s eyes, and it appears as a yellow colored line.

Fisher joker bars have to be red in 21 periods.

Fisher joker bars of 13 periods should be red.

SM Fisher transform bars in 8 periods has to be red.

Gold vein indicator bars should be in red.

Stop Loss:

BUY – Stop Loss should be below the yellow line.

SELL – Stop Loss should be above the blue line.

Using the above rules, you can place a trade. After placing the order, if Fisher joker (21 periods) changes direction, you can exit.

 

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