Forex Hydra Indicator & Strategy is a NON-Repaint indicator system that gives easy-to-use buy/sell signals. It usually being sold for 37$ a Life Time. It comes with an ON-SCREEN dashboard that shows you a currency strength meter and other various useful information.
The Forex Hydra Strategy uses signals from multiple technical indicators to enter the market, such as trend trading, countertrend trading, and others. This increases the chances of sustained growth and reduces exposure to a single pair or individual operations.
It catches very fast and profitable price movements and gives you easy BUY/ SELL signals. Every trading signal is very carefully verified by the system to produce only the highest probability trades.
Forex Hydra system can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
Follow money management & Don’t enter to trade within the high-impact news period. Exit from your trades before half & an hour from the high-impact forex news.
You can set the Forex Hydra Indicator System to send you a signal alert via Email, Mobile Notification, or platform pop-ups. This is helpful as it means you do not need to stare at the charts all day waiting for signals to appear, and you can monitor multiple charts all at once.
Forex Hydra Strategy can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minute through to the 1-month charts. For scalping use M1 and M5, For day trading you can use M15/H1, and For swing trading, use H4/D1.
How to Use (Strategy)
Before you start trading open your favorite trading pairs. Choose your timeframe. This trading system works on all time frames from M1 to D1. For scalping use M1 and M5, For day trading you can use M15/H1, and For swing trading, use H4/D1.
Step 1: Identify the trend
Use the currency strength indicator to identify the trend, for example,
- we consider the pair ABC/XYZ: If the currency strength of ABC is above 5.0 AND the currency strength of XYZ is smaller than 2.0, so we are in an uptrend.
- If the currency strength of ABC is smaller than 2.0 AND the currency strength of XYZ is larger than 5.0, so we are in a downtrend.
Step 2: Wait for a buy/sell signal
- If we are in the uptrend, so take the BUY signals only. If we are in the downtrend, so take the SELL signals only.
- Place stop loss at the last swing high/low.
Step 3: Exit the trade
Exit from the trading with target profit pips. otherwise, exit with the opposite signal. Also, you can use a trailing stop to exit from the trades. Place stop loss for lower low level or nearest support line.