A trader should always look for new opportunities to make money in the volatile Forex market. Example - technical indicators on non-standard timeframes with confirmation from the xSignals service.
Type: Trend and flat
Timeframe: Any in the range M1-M5. In our case, M1 is used, but with increasing periods of analysis, the accuracy of the signal increases.
Trading asset: Any currency pair. The main requirement is a fixed (2-3 points) spread and no hidden fees.
Trading time: All Forex trading sessions.
Percentage premium option: Not less than 70-75%.
The strategy uses a non-standard timeframe and one technical indicator:
The timeframe in the basic set is not available in all trading terminals. If not, you can find the right plug-in for all popular trading platforms on the Internet!
After installing the tools, the terminal's working window looks like this:
We trade orders for a rebound from only 3-5 candles after its start, we are sure to wait for a downward reversal of Doncian Channel.
The strategy can be used on standard timeframes after testing and adjusting the indicator parameters to the characteristics of the asset and volatility.
Non-standard timeframes can bring stable profits not only for professional traders but also for beginners. Once again, we remind you of two important factors of a positive result: mandatory adherence to the selected money management system and opening orders only during trend periods, on a flat, there are only ranges with a width of at least 30-40 points!