FxIgor

RSI Filter Indicator – Free Download

RSI filter indicator is created based on Relative strenght indicator.

In this version of the RSI filter in the left-up corner, the trends dashboard is added.

Silver and Gold at your doorstep! SilverGoldBull

Below you can for free download indicator:
RSI filter indicator download

In RSI filter indicator:

* UPPER: While there is a clear break above the level of 70 and the state is assumed from the last or previous pole.
* LOWER: While there is a clear break below the level of 30 and the state is assumed from the last or previous pole.
* NEUTRAL: In this position, the value of the price is traveling between the value of 40 to 60.

Wide selection of silver and gold bullion!

You should also know these facts:

* The blue pole means an optimistic trend.
* The red pole means rough and clumsy trend.
* The blank poles mean the flat state of the market.

RSI filter indicator:

Before proceeding, you should know about the basic or fundamental trading signals. These are such as follows:

* BUY SIGNAL: You need to go long way while the vertical poles of the RSI filter get the color of deep shaded sky blue and it will be placed above the zero signal level. The trend needs to be bullish in the dashboard.
* SELL SIGNAL: You need to go short way while the vertical poles of the RSI filter get the shade of red color and it will be placed beneath the zero signal level. The trend needs to be bearish in the dashboard.
* EXIT BUYING TRADE: At the time of the optimistic trend, you need to buy all the orders. At that time, the RSI filter indicator shows the red vertical pole below the level of the zero signal line.
* EXIT SELLING TRADE: If you notice that the clumsy and rough trend is in progress, then you need to sell all the orders. At that time, the RSI filter indicator shows the deep sky blue shaded vertical pole above the level of the zero signal line.

MBFX Timing Indicator – Free download MT4 Indicator

by Fxigor

Recently, our programmer found on internet MBFX timing indicator source file and he edited one version.
In this new version in the left-up corner, we added a trend dashboard. Using several moving averages, this part of the indicator evaluates trends for intraday, two days, and weekly trends.

Below you can see the indicator on the GBPUSd chart.

Please download indicator below:
MBFX timing indicator free download

MBFX Timing Indicator shows micro trends. Green color represents a bullish trend, orange color represents a bearish trend and yellow color transitional period.

This indicator can be used in combination with the Bollinger Bands indicator or any other band indicator.

Possible strategy :

BUY if the Intraday trend is bullish AND B. Band indicator is in bullish mode (middle line rising) AND last hour close has green color on MBFX Timing Indicator.

Sell if the Intraday trend is bearish AND B. Band indicator is in bearish mode (middle line falling) AND last hour close has orange color on MBFX Timing Indicator.

Close trade if the intraday trend change.

What is Pivot Point Trading?

by Fxigor

Do you know what is Pivot? Usually, a pivot is a pin on which something turns, a key player, or position – the important person in some situation upon and about which something rotates or oscillates. In sports, the pivot is an important handball player who oscillates in the attack zone. In trading, the pivot is an important price level.

For day trading, traders try and mix different trading strategies and patterns. For trading, various technical analysis tools are popularly used by traders, and one such technical analysis tool is the pivot point. Pivot point trading is very common in the equity and commodity markets and it is part of the major tools in technical analysis.

What are Pivot Point levels?

The pivot point levels are price levels on the trading chart calculated based on the high, low, and closing rates of the previous trading sessions and are helpful in deciding the support and the resistance level for the current and next trading sessions. Pivot point price levels can be used as support and resistance price levels and help traders in deciding when to enter the market and when to exit.

Day trading using last day pivot points also provides insights into the market trend over a period of time. As the pivot points are calculated on the average of previous trading sessions’ data, it represents moderate accurate and updated predictions for the market. Usually, If the trading is done above the data shown in the pivot points, it states the bullish stance, while trading at the below level states a bearish stance.

Now let us see what is Pivot Point Trading.

What is Pivot Point Trading?

Pivot point trading is a trading strategy where traders use Pivot point levels for entry positions and exit positions as important trading levels. Day traders use daily and intraday pivot point levels, weekly traders weekly pivot point levels, etc. Using this kind of strategy traders trade assets respecting current volatility.

Calculating Standard Pivot Point Levels

Like other technical analysis tools, there are various ways in which a trader can calculate the pivot point, though the crown for the most popular method goes to the Five-point system. In this method, high, low, closing price and two supports, as well as two resistance levels, are considered, which makes it a five points calculation. The following is the equation for the same.

The standard Pivot point levels formula is:

Pivot point price level (PP) = (High + Low + Close) / 3

First resistance price level (R1) = (2 x PP) – Low

First support price level (S1) = (2 x PP) – High

Second resistance price level (R2) = PP + (High – Low)

Second support price level (S2) = PP – (High – Low)

Third resistance price level (R3) = High + 2(PP – Low)

Third support price level (S3) = Low – 2(High – PP)

Identifying Support and Resistance Levels with a Pivot Point Indicator

Please, download the Pivot Point indicator

The pivot point level will be calculated based on your Metatrader time.

For forex markets running 24 hours, the pivot point can be calculated using the closing time (4 pm EST) of the New York market. In most common trading practices, GMT format is used; thus, you can also use 00:00 GMT as the opening and 23:59 GMT as the closing for your new trading session. If the stock you are trading in is active only during certain daily hours, you can use the data of high, low, and closing rates from those common or standard trading sessions of the day.

Pivot points are typically used, implying the last trading day’s data, though you can also use last week’s data to predict the coming week. You can determine the support and resistance level for the next week as well. That technique is useful for swing traders or traders who trade currencies for longer-term compared to day trading.

Using Opening Price to Calculate Pivot Point

This is an alternative method to calculate the pivot point using the five-point system, and this one includes the opening price.

Pivot Point = Current (Today’s) Opening + Yesterday’s High Price + Yesterday’s Low Price + Yesterday’s Closing Price / 4

The only difference here is the inclusion of opening price; support and resistance levels can be determined in the same manner described in the above table.

The realm of calculating pivot points using various data sets and trying new techniques is vast. Along with knowing how to calculate pivot points, it is essential to have knowledge of what you are implementing. You can also add these indicators on your trading chart and decide your trading strategy.

Types of Pivot Points

Except for standard pivot points, there are some variations in formulas.

For example, DeMark Pivot Points are calculated based on X such as:
If Close < Open then X = (H + (L * 2) + C)

If Close > Open then X = ((H * 2) + L + C)

If Close = Open then X = (H + L + (C * 2))

R1 = X / 2 – L
PP = X / 4
S1 = X / 2 – H

PP is the Pivot Point, R1 is the upper Resistance level, S1 is the lower support level.

Demarks’ pivot points strategy is based on trendlines and DeMarks pivot levels. Traders need to draw trendlines on the chart and then to enter into a trade at the moment when price pullback, touch trendline, and DeMarks level. DeMarks pivot levels are used for entry and for exit from the trade.

Fibonacci Pivot point levels are calculated based on Fibonacci levels, the difference between the high and low, and standard pivot point price level.

P= Previous High Price + Previous Low Price + Previous Closing Price
D – the difference between the high and low.
S1 = P – 0.382D
S2 = P – 0.618D
S3 = P – D
R1 = P + 0.382D
R2 = P +0.618D
R3 = P + D

Pivot Point Calculator

Please, use current Pivot Points calculator to calculate current makret Pivot Points:

How to Interpret and Use Pivot Points in Trading?

In simple words, pivot points indicate the support and resistance level; these levels are the turn-up of a substantial price event. The reason is that the price is not likely to fall below the support level or go beyond the resistance level. Thus, the trading trend would reverse at these points.

There are two methods to use pivot points. The first use is to predict the overall trend of the market, and the second use is to decide when to enter and exit the market.

In the first usage, if there is an upside movement on the pivot point, the market trend would be bullish and vice versa. In the second usage, traders can place orders when the stock price breaks the support or resistance level.

As a trader, you must be cautious in choosing the technical indicators as they are not accurate every time. The price can fall after breaking the resistance point instead of hiking, which may lead to a loss. Thus, you must incorporate various tools in addition to pivot points.

Trading is an art, and the success of any technical pattern or tool depends on how the trader can use it effectively. You can use other indicators like candlesticks patterns, moving averages, Bollinger Bands, MACD, etc. to predict the market and stock trends. The more the assertive indicators, the more chances for them to be correct.

Conclusion

As stated, pivot point trading is helpful, but it is more effective when mixed with other technical analysis tools. The calculation is simple, but the usage varies from trader to trader. The more you practice it, the better you would be able to take advantage of it.

Though, remember that the currency market is highly fluctuating and gets affected by events around the globe. Thus, knowing just one technique or tool would not help you. You need to educate yourself and stay updated with the latest tools and research in this field. In the end, it is all about your hard work, perseverance, and your abilities.

Paypal Forex Brokers List in 2020.

by Fxigor

PayPal is widely regarded as the most popular online payment method worldwide. More Foreign exchange(Forex) brokers are accepting PayPal and it is becoming a popular payment method. Day traders are preferring PayPal brokers, because of quick transfers and greater security for the method. It is also easy to link PayPal with credit and debit cards so that it is easy and quick to deposit or withdraw money. PayPal has strict rules for payment and withdrawal. Hence broker sites that accept PayPal can be trusted more compared to others.

Regulated PayPal Forex Brokers list

PayPal is considered the largest digital wallet in the world since it has more than one quarter billion active accounts. The company was initially named Cofinity in 1998 when it was launched. It was merged with Elon Musk’s company X.com. In 2001, the renamed company was called Paypal. It was publicly listed in 2002. Paypal has incorporated the latest web and mobile technology so that users can transfer money even more easily.

1. Fxpro broker accepts PayPal

Fxpro broker accepts PayPal but only if you are a registered trader on Fxpro-Cyprus.

2. IC Markets accepts PayPal as a payment option: IC Markets are forex brokers that offer PayPal payment option for deposit. Processing time is instant.

3. Pepperstone broker offers PayPal
This broker offers several payment methods and PayPal is one of them. Anyway, you need to check with support do traders from your country can deposit and withdrawal money using PayPal.

4. XTB PayPal: This platform was established in 2002 and it’s a renowned CFD platform. It supports commodities, indices, stock CFDs, Forex, cryptocurrencies, and ETF CFDs. It offers the low spread and it has two excellent trading platform options for you, such as xStation 5 and MT4 platforms. The only problem is that the platform has no 24/7 customer support. The minimum deposit amount is $0.

5.FP Markets PayPal payments: This platform was founded in 2005 and it is regulated by ASIC or Australian Securities and Investments Commission. FP Markets offers both ECN pricing and DMA trading options. It allows you to deal with more than 10,000 financial instruments. The platform has excellent customer support and trading tools. The platform may be difficult to use and handle for beginner traders. The minimum deposit amount is $100.

6. Plus500 PayPal deposit: This is a popular and famous online forex provider. Founded in 2008, the platform has regional offices located in Australia, Cyprus, Singapore, and the UK. It has more than 2,000 CFD products for the traders. But, there is no phone support option. The minimum deposit amount is $100.

Advantages

Though PayPal was not developed for Forex trading, it has become extremely popular. Hence more brokers are accepting PayPal since there are many advantages like:

– Fast, secure and reliable fund transfer using Paypal

– Easy to make payment using a computer or mobile app

– Withdrawals and deposits with Paypal are quick, much faster compared to bank transfers

– the PayPal account can be linked to a bank account, credit and debit cards for withdrawals and deposits

– most companies worldwide are familiar with Paypal, a popular eWallet

– PayPal has stringent restrictions to prevent money laundering, so using Paypal improves the reputation of brokers, and reassures traders.

– The withdrawal and transfer limit is high at $60,000

– Forex traders will find it convenient since it can be used in 56 currencies.

– A PayPal account can be opened free, and there are no charges for having an unused account.

Disadvantages

Day trading using a PayPal account has some disadvantages listed below:

– Fees are charged for every transaction

– Foreign exchange conversion fees are fairly high at 4.5%

– The fees for transferring money are high at 4-12% of the amount.

– There are only a limited number of brokers accepting Paypal

– Chargebacks can be done only for physical goods, so CFD, forex traders cannot do a chargeback.

Speed and security

Traders who have money in their account or linked bank account will find that funds they require for trading or money is withdrawn is transferred quickly from or to the bank account quickly, usually within one day. Many traders feel that trading using Paypal is safer than using a credit/debit card since the recipient does not get any of the card details when the payment is made. Paypal is storing the personal card data so that it remains private. However, unlike credit cards, chargebacks are only allowed for physical goods, not currencies or stocks

Deposits, withdrawals, and fees

In most countries, traders can deposit money and withdraw the balance from their Paypal account. However in some countries like Ukraine, Israel, the account can be used only for sending money, the balance cannot be used for withdrawing to their bank account or credit card. In these countries, traders should not opt for Paypal. A Paypal account is opened free of cost, and most traders will already have a PayPal account which they use for online shopping. While other online wallets like Skrill, Neteller are charging a fee for unused accounts, Paypal does not charge any fee. The Paypal fees are similar to those charged for other digital wallets and a fee is charged for all transactions. The fee maybe 12% in some cases. The PayPal balance amount can be transferred to the bank account free, though charges have to be paid for a cheque.

Paypal for Forex trading

Though PayPal is not the most popular method for Forex traders, it can be a good option, despite the transfer fees being high. PayPal is becoming more popular worldwide, so traders should expect it to become more popular. However, bigger Forex traders should be aware that there are limits on the transaction amount in Paypal, usually $10000 or GBP10000

PayPal is a widely popular electronic payment method that’s used to pay for various goods and services online. The platform allows users to create a digital wallet that needs to be used to perform transactions. Paypal was founded in 1999 by a team of experienced veterans like Elon Musk. Note, Elon Musk is currently the CEO of SpaceX Technologies and Telsa Motors.

CAN YOU USE PAYPAL FOR THE DEPOSIT AND WITHDRAWAL METHOD?

PayPal can be used as the deposit and withdrawal method in the forex trading industry. The best part about this platform is that it allows you instant deposits as well as same-day withdrawals. Hence, there is a minimum waiting/processing time. For deposits and withdrawals, you can use PayPal’s digital wallet that is linked to your credit or debit card and connected with your bank account. Other than that, you can even use the prepaid cards that are issued by third-party companies or forex brokers themselves.

PayPal transaction methods for deposits and withdrawals have two added benefits. First of all, it’s seamless, hassle-free, instant, and it requires less processing time. Secondly, the platform and its transaction methods are all secure and hence your privacy and confidentiality will be protected at every cost.

WHY YOU SHOULD CHOOSE A BROKER THAT ACCEPTS PAYPAL?

* PayPal offers a secure way to deposit and withdraw funds to your forex account.
* The method is simple yet secure.
* It comes with several user authentication processes for ensuring 100% security.
* PayPal digital wallet is fast and most transactions will be instant.
* The platform is a multi-currency platform that supports more than twenty-five unique currencies. Hence, you will no longer require offline currency exchange.
* The platform charges a small amount of fee.

WHAT FACTORS YOU SHOULD CHECK WHILE PICKING A BROKER THAT ACCEPTS PAYPAL?

There are two factors that you should actually check.

First of all, please check if your country supports PayPal transaction services. A small list of territories is blacklisted from using PayPal. If you belong to such a country, then it will be a problem.

Secondly, please check whether your country has the “Send Only” status in PayPal or not. Among various countries that accept PayPal payments, some come with Send Only status.

Send the Only status means you can deposit funds using this payment method but you are not allowed to withdraw funds using PayPal.

The best option is to look for such a forex account that allows you to both send and receive funds using PayPal.

PAYPAL CHARGEBACK OPTION

PayPal offers a chargeback payment option for all disputed transactions. For example, if a deposit transaction is not completely authorized by the trader, then you can take advantage of this Paypal chargeback process and the platform will initiate the refund.

Note, all of these above four online forex broker platforms accept PayPal transactions.

Vertex Mod Indicator – Review and Free Download

by Fxigor

Vertex mod indicator measures and identifies potential reversals. Vertex reversal system of trading can be applied to all types of trades such as the valuable financial assets of Forex currency pairs, stocks, futures, and cryptocurrencies as well.

How vertex mod indicator looks on the chart in MetaTrader 4:

Please download for free vertex mod indicator:

Download vertex mod indicator

VERTEX MOD 3.2:
At first, the red band hits at the level of -6. Slowly after that, this will move upon the blue band. This position indicates that the market is in an oversold state and it will go for the upcoming possible reversals.

On the other hand, if the red band rises upon the level of +6 and after that suddenly drops down the blue band then the market is in an overbought state and it also shows the possible selling chances.

TRAITS AND FEATURES OF VERTEX MOD INDICATOR:

Here are some features of this particular indicator. These are such as follows:

BUYING CONDITION: VERTEX:

* The cost will enter at the lower border part.
* The value of vertex mod 3:01 will drop the level of -6 and then rise above the blue band.
* The traders need to set the stop loss below the lower cost level.

SELLING CONDITION: VERTEX:

* The cost will enter at the upper portion of the level.
* The value of Vertex mod 3:01 will rise up to the level of +6 and then suddenly moves down the blue band.
* The traders need to set the stop loss at the upper-cost level.

You can utilize the default setting of the vertex indicator. You can also modify the vital choices as well:

* PROCESSED: It is a data or information processing time for the technical evaluation.
* TIME OF CONTROL: Information processing period for the calculation for the establishment of shifting average. The line is colored as blue by default.
* SIGNAL TIME: Information processing time for establishing the red signal line.

Traders need to give attention to the arrow with a dot. It is a very strong signal for traders and marketers. This platform is the best one and it can help you to take profitable trading strategies. But you need to choose a currency pair and time zone first. You can download the vertex indicator from their official site and start uninterrupted trading. The easy interpretation of signals of this platform attracts beginners as well as experienced traders.

This vertex mod indicator is a modified version made by Ivan A Rostov. In this indicator, there are in left corner trend valuation for intraday, weekly, and 2 days added by the programmer of forex.in.rs website.

What are Pivot Point levels?

What is Pivot Point Trading?

Calculating Standard Pivot Point Levels

Using Opening Price to Calculate Pivot Point

Pivot Point = Current (Today’s) Opening + Yesterday’s High Price + Yesterday’s Low Price + Yesterday’s Closing Price / 4

Pivot Point Calculator

How to Interpret and Use Pivot Points in Trading?

Conclusion

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