How to use indicators “UNQXX 3.1”

UNQ Forex Indicator

A brief explanation about the second version of UNQ Forex indicator to get better results and more accurate trades as well as having trades with huge profits and low amount of risk.

First, we’ll talk about the tools which were used for this indicator.
Then, we explain how to enter a trade and where to add more positions.
Finally, trade exit positions and stop loss places are showed.

How to use indicators “UNQXX 3.1”

Sell Signals (shown in red):

Sell Signals (shown in red): used for sell trades, fast trade’s selling positions and indications to close buy trades.

Buy Signals (shown in blue):

used for buy trades, fast trade’s buying positions and indications to close sell trades.

Red Clouds:

When the price is in the cloud it means that we have no indication and we should wait for it to get out of the cloud and decide accordingly. If the price goes below the cloud, it means the selling power is greater than the buying power.

Green Clouds:

When the price is in the cloud it means that we have no indication and we should wait for it to get out of the cloud and decide accordingly. If the price goes above the cloud, it means the buying power is greater than the selling power.

Moving Average line:

The orange line is a moving average line which acts like a trend line and shows where the trend is going. When the price is above the trend line, it indicates that the price will go up and vice versa.

These was the tools which were used. Now, we will explain how to use them to make us profits.

Opening a buy trade & Adding more positions:

Opening a buy trade

Two consecutive blue arrows = buy position*
*The stop loss should be placed below the lowest blue arrow

Adding more buying positions

To add more buying positions, we need 3 confirmations:

3 candlesticks should be closed above the moving average.
One candlestick is closed above the cloud (red or green, it doesn’t matter).
The blue arrows are still there.

If these conditions are met, we can add to our buying position. More details are shown below:

Opening a sell trade & Adding more positions:

Opening a sell trade

Two consecutive red arrows = sell position

Adding more selling positions

To add more selling positions, we need 3 confirmations:

3 candlesticks should be closed below the moving average.
One candlestick is closed below the cloud (red or green, it doesn’t matter).
The red arrows are still there.

If these conditions are met, we can add to our selling position. More details are shown below:

Closing buy trade and replacing stop losses

We will close our sell trades when two consecutive red arrows form.
For buying positions, the stop loss should be placed below the lowest red arrow.
For the additional buying positions, the stop loss should be placed below the moving average.

Closing sell trades & Placing stop losses:

We will close our sell trades when two consecutive blue arrows form.
For selling positions, the stop loss should be placed above the highest red arrow.
For the additional selling positions, the stop loss should be placed above the moving average.

The stop loss positions are explained below: