Sunday, March 18, 2012

New MT4 Indicator just released: eWave - makes Elliot Wave analysis a one-second job

eWave Indicator using AIMS Stress Free Trading in action
Click on the picture for full size
Using the Bill Williams AO histogram, this indicator looks for a possible Wave 3 then plots Fibonacci Expansions and Time Zones to forecast where Wave 5 might end. I traded the example in the pic - it was a lovely 5-Wave retrace before continuing in the main direction. You only need a few of these a week to make a very nice profit from trading Forex.

Available for download from http://www.for-exe.com/

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