An indicator is a software program that helps traders make decisions about the trade. It does this by displaying information about the current state of a financial market and using that information to make predictions about future events.
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There are many different indicators, but the trend and technical indicators are the most common ones in trading. Trend indicators help traders identify whether a market is moving up or down, while technical indicators provide more detailed information about the current state of an asset. In addition, we are sharing some profitable MT5 robots and deriv bots on this website which you can check from time to time.
The deriv indicator is a technical indicator that helps to identify oversold and overbought conditions in the market. It uses the Triple Exponential Moving Average Cross-Over and two Exponential Moving Average Volume cross-overs to help you determine when an asset is due for a reversal.
The Triple Exponential Moving Average Cross-Over indicates that the current price of a security is above both the 30 and 180 exponential moving averages. In addition, the two Exponential Moving Average Volume cross-over indicate that there has been an increase in volume on both sides of the market, which suggests that the market is confident about buying and selling this asset. When these indicators are both present, it indicates a good chance of a reversal happening soon.
An additional indicator is also implemented in this trading system where the red arrow signals an indicator of the sell trade and the greed arrow signal indicates the buy trade. It helps decide whether to sell or buy based on different factors, such as volatility and trend analysis.
When using this deriv indicator, always check if the market is in the up trend or downtrend. Do not trade in the counter-trend signals. Always take trade following the trend. Besides checking the three MA indicators, if the cross happens, it’s the trade confirmation.
You do not need a huge capital to use this deriv indicator. You can start with a $10-$50 balance. First, you need to use the deriv platform for this MT5 indicator.
After testing, we see that you can take scalping trade in 5M. However, you can also test it to a 1M time frame. Usually, volatility index 75 works best for this deriv indicator.
You can make decent profits if you can understand how to use this deriv indicator in your account. However, We recommend testing it on your demo account before you invest some money to trade with the indicator signals. It is because you know the market is constantly evolving and we need to cope with the market condition continuously.
How to Start:
Step 1: Binary or Deriv bot Registration: https://dboty.com/Deriv
Step 2: Download the Indicator files.
Step 3: Install the indicator to your MT5 platform
Step 4: Test the indicator to your demo account first
Step 5: After testing, if profits go to real account
Step 6: Make Profit
Recommended Settings:
Recommended balance minimum $50-$100
Initial Lot: $0.01
Time frame: 1Minute/5minutes
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