How to start the work with vfxAlerts forex signals?

vfxAlert is the advanced application created to meet the needs of traders. Whether you are the novice or experienced trader, you probably better to get acquainted with this app. Beginners can practice free and develop the trading strategy, and the experienced traders receives the working instrument for money management. Here you can learn, how this application works

As you see, the design of the vfxAlert is really user-friendly. All necessary information is concentrated in one working window. Let’s look at this software in details. 

On the panel on the left there are the live forex signals.

In the center of screen there is an online-chart that displays the movement of the signal.

Trader can set the currency pair, layout of the chart, bars and candles and add the indicators with which he works. Also, here you can see the signal statistics for different time periods, economic calendar and market trends. To access the additional tools, use the toolbar on the bottom. However, this additional tools are available only on Pro account.

On the right there is a broker’s trading platform. Here you can choose the broker and see the amount of gained profit, time of signal’s expiration and quantity of funds on your account.

What are the forex signals and how do they work?

Signal is the alert that warns about the certain event in the market. Signal’s information depends on a special signal robot algorithm. Binary option robot analyzes the market in real-time. When the algorithm condition is fulfilled, the signal comes to a user. Remember, that signals are not a recommendation for action. Signals are the result of market analysis on a particular algorithm. Trader has to understand how signals are formed, and what is current market tendencies to make the right decision. If the market volatility is high, there is necessary to be very careful. 

1. Asset — Trading asset on which you can open a transaction.  

2. Price — Price at the time of the signal or the opening of the current candle for the adaptive strategy.   

3. Time — Time since the appearance of the signal. In the adaptive strategy, when the statistics were updated.

4. Expiration — Expiration time of signal.

5. Power — Number of profitable options in the past with the current combination of indicators. 

6. Signal — Option direction CALL (up)/PUT (down).

7. Algorithm — Signal generation algorithm.

8. Heatmap — Likely percentage of completion of the transaction in profit. It is calculated based on statistics and several timeframes.

How to work with forex signals power and heatmaps?

Power and Heatmaps — it is a statistical data of successful signals. The program uses the compelled signals from database. For the analysis of heatmaps, it is sufficient to analyze the values of the nearest periods relative to signal’s expiration time. For an expiration time of 1 minute — analyze the values on M1 M5 — necessarily, M15 — desirable. M30, H1, H4 — can be ignored. For expiration time 5 — analyze M5, M15, M30 —- necessarily, M1, H1, H4 - can be ignored and so on.

Heatmaps displays the movement of price from the last max/min points. The "warmer" (brighter) the price the closer the possible trend reversal.

Here you can see, how the heatmap changes during the day.

Indicators for building heatmaps:

• RSI — Relative strength index for 12 time periods.
• ATR — Average True Range for 12 time periods.
• Force — Force Index for 12 time periods.
• Bears — Bears Power for 12 time periods.
• Bulls — Bulls Power for 12 time periods.
• sRSI — Relative strength index for 4 time periods.
• sATR — Average True Range for 4 time periods.
• sBears — Bears Power for 4 time periods.

Trend — Trend indicator.

How do I start trading the forex signals on vfxAlert?

First of all, you need to subscribe on free account and practice more. Trade two hours per day and learn more about the different indicators and trading strategies. When you will feel enough confidence to work with real funds, subscribe on Pro account. Owners of Pro account receives the additional instruments such as economic calendar, trend indicators, market news, signals history, heatmap and possibility to work with any broker.

How much profit I can gain?

It’s all depends on you and your strategy, Remember, that forex signals vfxAlert are just instrument, and it’s you how decides how to utilize the instrument properly. Elaborate the circumspect strategy, think two steps ahead and take the right decision.