Xtreme 10s by Fx Snippers Zar

Welcome to Fx Snippers Zar

Fx Snippers Zar is not a broker but an organization established to assist financial market traders and those who want to learn or start trading.  

We have realized that most people fail before their trading journey even starts.   Some fail by reasons of insufficient knowledge of how to and where to start, for some would be reasons of diving into the deep and find themselves making losses like nobody’s business, however, I do agree that trading does come with losses at times as there is no 100% strategy that guarantees nil losses, but a trader should by all means minimize losses and maximise profits or gains.  Just like any other business, the formula is the same(total income-expenses=profit).

Which is why we cannot stress enough that every position taken must be secured with a stop loss and a proper risk management strategy, incorporating these in your trading strategy plays a very significant role in your trading career.

 

Today we will share with our indicators which are tailor made for your trading needs.  Xtreme 10s by Fx Snippers is an indicator that is used on MT4/5.  We developed this indicator based on the valuable knowledge and intention to assist traders by providing a signal of the particular market’s extreme turns which are basically extreme highs and extreme lows of the market.  It is however very important to note that extreme highs/turns do not necessarily translate to that the market is definitely going to change direction, however it alerts traders that the market has reached a point of its extremity, usually when it comes to that point, it is expected to turn around, if it was trending up, it usually would turn and trend down in a sense of a pullback.  A Pullback may not be predicted, some will be short, some will be medium and some will be long and yes some will actually result in directional change of the market(market reversal).  

The length of a pullback is determined by the momentum of that particular market.  As much as there a number of indicators in the trading platforms likeMT4/5, none will tell you where and when the pullback will end.

 

Xtreme 10s by Fx Snippers will scan the market and send you a signal every time it reaches extreme levels which others would interpret as overbought and oversold.  This indicator will tell you exactly which time frame is the signal generated for, meaning according to which time frame has the market reached its extreme level.

Intraday traders will most likely consider signals generated in 4H time frame in order to find entries in smaller time frames like M5 & M15.  This is simply because the data collected using a bigger time frame is usually more reliable compared to that of a smaller time frame.

 

It is also advisable and of utmost importance to trade with the trend(long term trend).  The market will from time to time reach extreme points, pullback and continue, sometimes it will continue rallying even after the signal was generated, if the momentum of the market is strong, which is very important to note that its pointless entering a market during a strong  momentum, the market should exhaust first than an opportunity for entries will be available.

e.g, the uptrending market will signal a sell(pullback) and signal a buy when the lowest extreme is reached then only will a buy opportunity be available and the same will apply for a down trending market.

Up trending market “buy signal matters”

Down trending market “sell signal matters”

 

To use the indicator:

After installing Xtreme 10s by Fx Snippers on Mt4/5 trading platform, locate it from indicators option on the navigator window found on the left hand side.

A signal will be generated an audio alert will be triggered, an arrow up/down will appear on your chart and a table will be shown on the screen“Buy/Sell”.

The signal was generated for the AUDUSD and the time frame is M15, in order to enter long here, a trader needs to verify with the H4 time frame, long term trend if the long term trend is up trend and the 4H time frame also signals “buy” arrow up, then the signal would be valid.

USDCAD signal was generated for a 4H time frame, the long term trend is down trend, a trader was then able to enter short from a smaller time frame(M15) support, to target the support(TP) of 4H and the stop loss set just above the resistance of 4H.

Fx Snippers indicators may be used with/without other indicators to develop a strategy that suits each traders’ needs. Continue to read as we keep developing indicators and strategies in the attempt to simplify trading in the financial market.

 

To trade with us and get unique indicators only our members have access to.

 https://www.hfm.com/za/?refid=10364992

 

Also contact us on gmmbalane@gmail.com