The primary use of technical tools is to draw out mathematical quantities depending on price, volume. Traders use it to plot situations of their workable market using its past feeds. They also use it to recognize the market’s moving direction and its likelihood in the times ahead. For those who cater to technical market analysis, such instruments serve them a slew of benefits. Now only do they get a clear picture of the market, but also are able to facilitate their trading operations. Forex Secret Protocol version 2 is one MT4 compatible technical tool which is drawing in a lot of attention.
Those who have and are still catering to it, state this to be very fast and very convenient to work with. Here’s a post which scrutinizes some facts about this new MT4 weapon.
Forex Secret Protocol Version 2- A Better Upgrade!
This version is a better iteration of FSP and comes with stacks of highly functional indicators, convenience and eventually profits. Reviews highlight that there are as many as 11 indicators and every one of them has the ability to function of M5 (or higher timeframes).
FSP.v2 helps traders determine long term trend movements of the market which in turn gives them a transparent scenario of Opening Trade Orders.
Some elementary features of Forex Secret Protocol 2 are as follows:
• It is compatible with MetaTrader 4
• This system is functional with all Forex currencies
• It words round the clock
• There is an option to filter your trades allowing you to see the variables which you want to see
• Conservational or all-out trading, this system presents you with both options
• Charts are clear, intuitive, customizable and easy to read
Some other pointers for users to keep in consideration:
One good thing about this instrument is that irrespective of Long or short positions, the indicators depict a clear picture of what traders need to do for entry and exits.
In the chart, if traders come across the indicators turning Blue in color, it is an indication to Open up a new Trade Position. And while trading, if the indicators on the chart showcase red; it is a sign that the trader should vacate their trading position. This is for traders wanting to open Long Trading positions.
Similarly, in the chart, if traders find indicators showcasing red signs, then it’s a signal of Opening up new Trade positions. Accordingly, if the indicator shows a blue sign, it means that the price changes to red color. Specific to opening short trading positions!
Easy download and unlimited usage via demo accounts:
Forex Secret Protocol version 2 is a technical instrument which is serving utility to numerous traders. And so, for those wanting to learn trading, it deems to be a good option to try out. Simply download it from online sources and run it in your MT4 demo. Whether it’s actually resourceful for you or not will be known. Also while testing; you ought to go through the instruction manuals to get a better idea of this trading instrument. So do try it out!
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.