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Every forex trading strategies and forex indicators have their strengths and weaknesses and this also applies to the de munyuk indcator it is a lagging indicator which means price moves way ahead before the indicator responds which means that if you try to trade using smaller timeframes you are bound to get many false signals.
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!De_Munyuk Forex Buy And Sell Metatrader 4 Indicator !De_Munyuk is an easy to read buy and sell forex indicator that works on any time frame Green dots indicate bullish pressure while red dots indicate bearish pressure Trading Signals From This Indicator BUY Wait for the first green !De_Munyuk dot to appear.
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!De_Munyuk indicator must be red or flips from green to red sell at market or place a pending sell stop order 1 pip below the low of the candlestick after it closes Place stop loss 1 pip above the Parabolic SAR Dot Aim for 15 pips profit target Disadvantages of The 5 Minute Forex Scalping Strategy Using 200 EMA And Parabolic SAR Indicators.
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De Munyuk Indicator (MT4 Version) The De Munyuk indicator for mt4 (Metatrader 4) is a free popular trend indicator that can help you to extract more pips from the Forex market The indicator appears in a separate MT4 chart window as a colored trend histogram The De Munyuk indicator can be used in multiple ways Trading example.