How to read the forex signal live from vfxAlert
vfxAlert is the application that provides the signals for trading different assets. Forex traders all over the world like vfxAlert because this app gives the possibility to trade with any broker. Also, this soft has many analytical instruments and provides accurate trading signals. Let’s look at this application
Such an amount of instruments will help the trader to track the most profitable signals and to create a trading strategy of any kind. But the most important thing is to understand the structure of the forex signal live.
Structure of forex signal live
1. Asset — currency pair.
2. Price — price when a signal appears.
3. Time — the time when a signal appears.
4. Expiration — the time of the signal’s expiration.
5. Power — number of profitable options in the past with the current combination of indicators.
6. Signal — CALL or PUT options.
7. Algorithm — algorithm of signal generation.
8. Heatmap — statistical winning percentage calculated for the values of the technical indicator on different timeframes.
As you see, this structure gives the trader the maximum information. It is necessary to pay attention to the signal’s expiration. For the long-term strategy use the signals with a time period near 15 min. For the short-term strategies — with a time period near 5 min.
Also, it is necessary to pay attention to the heatmaps. Heatmap shows the movement of price from the last max/min points. The “warmer” (brighter) the price, the closer is the possible trend reversal. Following the changes in the heatmap during the day allows calculating the most profitable signals. Let’s see how the heatmaps work
If you want to know more about forex signal live, read our educational materials. Here you will find a huge amount of useful information about the signals and trading strategies.
If you want to start making money with vfxAlert open the Free account or download the program.
Don’t waste your time! Make things happen! Start trading with vfxAlert today!
