Upon first glance, you will notice the Trade Booster Digital Indicator’s simplicity and user-friendly layout. It has eight different modes.
There are 8 Modes in this Digital Indicator version 4.0
a) RESISTANCE(Close Buy Trade).
d) SUPPORT(Close Sell Trade).
g) HOLD ON.
h) NO SIGNAL.
These modes are designed for clear instructions on how to open and close your trades. This allows you to have a systematic and effective approach to trading.
This Forex Dashboard Indicator can be set to send you a notification when a signal is generated. This is useful because you don’t have to stare at charts all day waiting for signals. You can monitor multiple charts at once.
Trade Booster digital indicator version 4.0 is compatible with any Forex currency pairs and other assets, such as commodities, Cryptos Binary Options, Stock Market Indices, etc. You can use it with any timeframe that suits you, from 1-minute charts to Month charts.
Trade Booster Digital indicator does not give standalone signals but it can be very helpful for your trading, as additional charts analysis, to find trade entry position (TP/SL), and much more. This system is suitable for traders of any experience level. However, it can be beneficial to practice trading on an MT4 Demo Account until you are confident and consistent enough to trade live. Most Forex brokers allow you to open a demo or real trading account.
This Forex Dashboard Indicator works
This Forex Dashboard Indicator provides four levels of confirmation. C-1,C-2,C-3,C-4. All of these confirmations have to align in the same direction for a final SELL-STRONG or BUY-STRONG signal to be generated.
If, for instance, you receive a STRONG BUY signal, and the C-1 conformation shifts to SELL, then the final signal will be HOLD ON. You can now decide whether to hold your trade or close it. If subsequent confirmations switch to SELL as well, the final signal becomes NO SIGNAL. At this point, you should close any open positions.
Trend changes are reflected by a specific sequence: first appearing in C-1 and then C-2, C-3, and C-4. This sequential trend reflection allows for dynamic responses and adaptations to the changing market.
How to Trade Using Trade Booster Digital Indicator
Trading should only occur on STRONG BUY and STRONG SELL signals. Wait for the Trade Booster Digital Indicator to upgrade from a SELL to a STRONG SELL before you place a trade. For a BUY, please wait until it escalates to STRONG BUY. This patience will allow you to trade more confidently, increasing your chances of success.
Avoid trading on currency pairs which have been stuck at STRONG BUY or STRONG SELL for a long period of time. Ideal trades are placed when the indicator changes from SELL-SELL to STRONGSELL or BUY-STRONGBUY. Alerts are a great way to trigger these trades.
Support and resistance modes play a crucial role in managing ongoing trades. Close your active trades when you receive a RESISTANCE signal (Close Buy Trade). After closing, do not place new trades for at least 30 to 45 minutes on the same currency due to considerations of Support and Resistance levels (SnR).
Be sure that there are at least three strong signals for the same currency, such as AUD, before placing a trade. If the STRONG-BUY signal appears on AUDUSD AUDJPY and AUDCAD simultaneously, then only then should you place a trade. Single or dual signals are not sufficient confirmation. This approach is designed so that you can trade based on market sentiment and potentially increase your trade success.
Remember that the Forex Dashboard Indicator is based on 15-minute time frames. Your Take Profit and Stop Loss levels on any currency pair should not exceed 15-20 pips.