The Forex Pandorum Indicator can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use the Forex Pandorum Indicator, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
You can set the Forex Pandorum Indicator to send you a signal alert via email, SMS, or platform pop-ups. This is helpful as it means you do not need to stare at the charts all day waiting for signals to appear, and you can monitor multiple charts all at once.
Its can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1 minute through to the 1-month charts.
Pandorum Indicator Strategy
Its uses a combination of 3 different trading strategies to generate buy or sell signals that are displayed on the charts and color-coded. This makes it very easy to use and suitable for a variety of different market conditions.You can use this indicator to trade
- Scalping for a few pips
- Day trading
- Holding longer-term swing trading positions
Depending on your trading style, Pandorum Trading Indicator can be quickly and easily set to suit your trading approach. You can experiment with these preset trading styles: Safe, Medium, or Aggressive modes. Templates for all of these modes, timeframes, strategies are included.