TransitKiller is an Indicator that is made of one of the best forex market strategy. The indicator system is very easy to use and to understand. The indicator can be used in different timeframes and different pairs, it is very useful as it help one to get the direction of the market by giving selling and buying signals. Buying signals are given by a green arrow and When the chart is above the bars (on top of the bars ), and double signal is given that tell us that we should only focus on buying signals and Selling signals are given by a red arrow and When the chart is below the bars, and double signal is given that tell us that we should only focus on selling signals.
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- On 1-30 minutes timeframes is best to use it for scalping.
- On 1-4 hours and Daily timeframes it can be used for swing trades and for holding a position.
- Always take note of the bars(purple bars) as the can be used to show market volatility.
- The right place to put you stop loss at the edge of purple bars; for buying position the SL Should be below the bars and for a selling position the SL should be above.
Note that the price will increase after every 10 purchases.