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The result is a chart full of lines, squiggles and all sorts of nonsense which gives the trader a conflicting story. By using the Chaos Visual Averages indicator by Mladen. If a trader chooses to work with Chaos, the trader should have a clean chart and not use additional oscillators, as they are all already included in Visual Chaos.
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Tip: A simple and winning system using Chaos can be made by marking Weekly and Daily Support and Resistance lines and counter-trend trading the approaching bounces off those support and resistance lines using the Overbought Extreme and Oversold Extreme signals of the 15 minute Chaos. Uncanny accuracy in detecting reversals. Visually pleasing and easy to see market conditions. Can be used as a trend trading indicator or a counter-trend trading indicator. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.
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Moreover, the leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you.
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The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses.
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Type: cTrader Indicator. Vendor: cAlgoBuddy. Qty: 1. Download Trial Now. Add to wishlist.
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Single payment, lifetime updates. Overview Reviews. Pros: Uncanny accuracy in detecting reversals. Visually pleasing and easy to see market conditions. Can be used as a trend trading indicator or a counter-trend trading indicator.
Haos Visual Trading System
Cons: Even with Overbought "Extreme" and Oversold "Extreme" conditions the indicator can sometimes cause you to trade in the reverse direction of a very strong trend causing large drawdowns before price eventually reverses. Overbought "Extreme" and Oversold "Extreme" signals can be few and far between when trading on the minute timeframe and higher. To counter this, it's recommended to trade at least 8 Major pairs to receive Extreme signals often.
How to use Chaos Reversals A simple and winning system using Chaos can be made by marking Weekly and Daily Support and Resistance lines and counter-trend trading the approaching bounces off those support and resistance lines using the Overbought Extreme and Oversold Extreme signals of the minute Chaos. Regular divergence is an indication of a reversal in price direction. Hidden divergence is an indication of a Continuation in price direction.
A bearish divergence occurs when the indicator moves lower while the price either rises or flattens. A bullish divergence occurs when the indicator moves higher while the price either declines or flattens.
Telegram Alerts Given that you have a bot and a channel set up in Telegram, the Chaos Reversals indicator will send you messages for confirmed signals on the currency pair. How to setup Telegram Desktop Alerts If you select Yes, the Chaos Reversals indicator will push a message box notification on confirmed signals on your personal desktop.
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How to set up email If you select Yes, the Chaos Reversals indicator will send an email on confirmed signals to the address that you have entered. How To Install First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install it onto the platform. How to install How to open Instant Chat Support If you want a speedy reply to your questions just post your questions on our Telegram chat group.
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