The Best MT4 Trading Indicator - EFC Indicator
Hello this has been from trading strategy guides in this video. I just want to show you
exactly how our
EFC indicator works right now the CFC indicator
We developed this. It's for the mt4 and mt5 platform. So this dashboard this dashboard will look
fairly similar for both those platforms
So this is the mt4 platform and this is our our newest EFC dashboard. This is the EFT dashboard 2.0
we're calling it and
Basically what this does is it uses the EFC indicator and then it gives you all
all of the pairs
Basically everything you have in your market watch
you can see here your marker watch all these symbols that will be placed here on this dashboard and
This is a very this is a very nice feature for this 2.0 dashboard
because literally all you got to do right here is if you see a buy if you see by the EFC dashboard
all you got to do is click on it and
you can actually see the charts a little bit zoomed out, but you can actually kind of see what's going on and
You can see that it was a buy. It's a good buy signal based on the EFC
indicator
So that's a really nice feature because you don't have to be pulling up charts. You can just everything's right here there for you
Um, and you as you can see here, this is the time frame
So what we got is we got the symbol we got the time frame and then we got the signal that's showing
So right here, these are all daily charts. You can see up here
Daily, these are all daily signals
So that was a buy signal
put in New Zealand
Yen, this will be if you click on this chart. It'll show up right here. This is a sell signal
For the Aussie New Zealand and so on and so forth right here
We got the divergence based on the strategy so you can you can keep clicking these all you want
We actually have other dashboards that look very similar. This is our es. This is our new EFC dashboard
Really nice great feature. It makes it a lot
easier to use our EFC indicator by far our most popular indicator
Basically because it's it's true. It's real nice. It shows those reversal signals
If you don't if you have no idea what I'm talking about you saying EFC? What are you talking about? Like, what is the FC?
You can go to our website. It's
WWE training strategy guys calm
If you go and search RSI
80/20 you're gonna find a strategy and that that's the strategy behind the FC and it's actually here's a here's a little tidbit of it
Here's the rolls. You can see the rolls step 1 2 3 4 5 there's 5 rolls - it's pretty simple
Well, depending on how you're if you're an advanced search
We begin if you're in advance for your gonna pick on this you're gonna pick up all in the strategy
Really quick if you're beginner trading your might need to read it a few times
Here's that here's that whole entire booklet. We give it we get away for free
this is 100% free you go on our website you go find our society xx and
You'll find the rules you'll be able to read it and you'll be able to figure out the the methodology behind
behind the strategy
or be
This indicator, I'm sorry unseen indicator and dashboard
So let's locate let's let's dive into this a little bit more. What what also is a nice feature is
Not only does it show those like I was showing here but if you click on let's say the the 4-hour chart
You're gonna you're gonna see some alerts. So these are gonna be all the alerts now
You know, some of them might be older alerts nouse, but basically seeing all these cell sales
There's a lot of cell signals. We see here with the EFC dashboard
with this new 2.0 dashboard and you're gonna be able to see that the
Exactly what's going on?
and and basically you just leave this up you leave this up on your chart and
you just you go do something else and you hear that alert ding you come over here and you see if see dashboard on the
Euro Pound
Price broke the buy stop and it'll show you the level
It'll show you the exact level and it moved how many points tics points pips, whatever you want to call it
So this for instance it moves
869 points
Euro pound so we can even find we can even go up here and we can find the
you could find the Euro Pound and
This is the chart. So you see that actually was a really nice trade
On the 4-hour chart this is where it would a signal to buy and look at that
You can see those green candles. Like I said, it's a little zoomed out. This isn't meant to be your only way
You know you you see a little thing here and you say okay. Let's let's go ahead and buy it
But basically here this this would have been a right here
This is where you would have bought and you can see that big nice move
really good trade
Really? Nice tray. It looks like it's up. Probably the targets about here somewhere
And our stop loss would have been maybe here
It's a it's a three - it's a three to one so it's a three risk or a three reward
to one risk, so that's that's the
That's the risk reward behind this indicator so that actually been a really nice trade very very very nice and
So that's a four hour chart and like said we can go all the way down to the minute of the minute chart
The F see it tends to work better on the hour the four hour and a daily even a thirties good
These down below you need to make sure you're looking at your you're making sure you're looking at the price action
You're looking at support and resistance because there could be a little bit a little bit more fall signals that low it still works
It still works. So works really well the dashboard and the RSI or the EFC indicator
Everything works with the indicator, but you just got to make sure you're looking at the price action
Higher time frames you can tend to you know, you see you see the signal and it's like wow
That's a really great signal and boom if you know just so half as you see
You'll see something like this. You see this was a signal as I already pulled some of these up
New Zealand yen and
As you can see here my drawing here. This was uh, it was a signal great here
So this was the buy signal that you would have gotten alert
You would have got alert on your EFC either the dashboard or your EFC agna. This is the inning. This is the hypsi indicator and
Then it came it came down just a little bit and then it broke up
Art right now. We're sitting at we're sitting at uh,
Seventy eight four seven eight point four four five three. Let's see we're gonna be going up. This will be our target actually
so
Eighty one thirty six eighty one thirty six I sent me our target and here's here's actually our
Risk. So what I was saying about that risks reward, here's your here's what you're risking. So you're risking this much
this was great about the EFC indicator you're risking this much and
your reward
Is this much?
so even if you're losing a ton of traits here, and I'm not saying you're gonna lose every you know,
Every trait or every other but even if you're losing, you know, maybe if you got a forty percent win rate with it
You're still making money because of this
Because this is your this is your reward
Your rewards here and your risk is right here
and then that's what that's what uh
that's what makes this strategy really good and
And if you ever wanted to if you ever wanted to adjust that as well the risk to reward you can always do that
By going right here
You can just change that to it to change that to a one see your one-to-one risks reward guy
You're not a one two three
you don't think it'll ever hit that I
Go ahead and put that one to one to two or one to one and look at that
This is the take profit level. You see I was up here. You see how it jumped down that was one to two and
This is the FC indicator. I'm actually looking at now. I'll just actually supposed to be talking about the dashboard here
But this is the FC
and
Look at that
so one two
once if you're a one to one risk
True war kind of guy if you don't like if you don't think that one of one to three is yook
You can adjust those settings to a one to three
so basically, what's what's gonna happen here now is once it hits this the indicator is gonna shut off and it's gonna start looking for
more EFC traits to me more RSI 80/20 trades and
I can go I can pull up the RSI indicator
I can start explaining all that but really with the EFC indicator you see a green arrow up arrow
You're gonna want to buy you see a red Dao
No, you're gonna what sell now am I saying that you should trade every single signal?
No, we all we get asked a lot of questions
About this indicator saying hey, I just saw a signal and it just it just went to
It just hit the stop loss like that. Like it's signaled by and it is signaled right here
Hey man, its signal right here and hit the slit came down there all the way down here. Oh, man. Your indicator doesn't work
It's a whole blue indicator, you know, get out of here. Well, I mean, it's it's it's it's what it is
It's an indicator and it's there to help you
Find a trade it's it's not necessarily saying you need
You don't necessarily have to take the tray once you see it
like that's that's actually a really really bad way to trade if you're just
Basically, what our indicators are is we get it we get a profitable strategy
We get a successful strategy and we get we develop an indicator
Bax it and then it trades the strategy for you. It's not an EI
It's an indicator if we wanted to trade it for you
What we would do is just all the signals are here
All we'd have to do is make that into an EI robot and you know, maybe we could do that down the road
But we don't we don't really want to do that for you B, we want to make we want to make sure you're the one
You're the one that's actually taking the trade not a robot, and I'm not some
Algorithm I'm out there but I'm gonna leave this out. One, two, three because this is what makes the FC indicator
So successful was one of three restore ratio
Okay, so getting back to our dashboard
There's a lot of stuff that actually you can do with it. You can there's a lot of settings that you can adjust
Lots of outputs
Say you don't want to see all of these if you only if you only say you only trade
Let's say you only trade two of these
instead of
all
However many there are here
What you can do is actually specify you can specify
What symbol you want to see?
So if you only want to see a couple of these
then by all means go ahead and just go and delete those and
Go and delete those and then you should
You should be good. We might have to might have to modify something. Okay? Yeah
Yeah, we had to modify something there and I had to get out there for a second. Um
What what you need to make sure if you do want to do a specific
It's very important you really pay attention cuz this is actually really important let me my drawing taught here
Market watch come over to market watch click up here. Click this button. Click on market watch now you see this little thing
Here it says I
There we go, it says hi there you need to make sure that say this year $1, oh
The euro dollar here you need to make sure that
What this what's what you see here is what you see here. So basically all you need to do is you're
Eurodollar I and then a little comma and then 8 whatever timeframe h1 and 30
M1. What do you trade? Say you trade these three all hourly and
That's what you got to put in there. Can you put your $1?
The the broker prefix suffix, whatever their
Traders ways.i. So you go. You're a dollar I comma
Timeframe and then and then a semicolon
Semicolon then your next pair Tom dollar
Whatever whatever over here if it's in the market watch you're good to go. It's in the market watch
It's one of these
Then you're good to go. If it's something random then you're not it's not gonna show up
You're gonna say, hey, man, it says no setup. It's not working your indicator stink
Sorry, nobody says that
But um, no for real though, it's
Basically, it's very simple. You got to put the I hear a dollar I the whatever prefix suffix whatever your broker uses
Traders ways I so you just put a there and you can put as many or as little as you want
There actually might be expression say as many as you want
There's probably a limit depending on how many mark our watch symbols you have over here
most people
Those people, they're just gonna click over here go to all symbols. Actually what I'll do is this reset and
You go to all symbols and then everything should show up there
For you alerts will show up and that's really all you got to do. It's really simple to add. It's really easy indicator to use
There's a lot of other RSI overbought oversold
This will you only adjust these if when I bring my strategy over here you actually read the strategy
Okay, so don't adjust those you guys read the strategy the strategy is
8020 the RSI parameters are at 80 and 20
These lines here. Don't adjust those. You have no idea what that means
I'll leave it on 80/20 because that's the best settings for the strategy
we've actually had a few traders tell us that they
Jumped based they moved it to it to a 70 and a 30 and that actually worked really well
Eighteen twenties. It'll weed out a little bit more
False signals, so that's why we like it at 8020
There won't be as many chances, but you're going to what the chances you do. See you're gonna be really good
They're gonna be really good
Trades they should be. Anyhow, I like I said, you still have to make that trade though
and now there's a lot of other stuff all these all these little arrows these little
Dark, you know you can change all these colors. I leave it the same. I like it
How are how we had but um the defaults, but you can adjust that if you wish
And the alerts you're gonna be able to alert yourself on whatever you want
You can you can send that notification on my we've had it we've had a video about
getting notifications on your
device on a
metatrader4 him five so you can go ahead and search for that if you
Need help on getting a notification or just do a quick Google search how to get notifications on Metatrader. It's really simple
What depending on what?
phone you have you have an iPhone if you have an Android I
Think it matters a little bit there, but it's really simple with so basically these alerts
All these alerts can come will come to your phone if you want
It's all it's all customizable. This whole thing is customizable. And that's the way we have it
Leave this at clothes price. If you want to kind of these are a little more advanced settings
You can kind of take one from tinker with him if you want
I'll leave this at eight and this will just scan the bars. This is fifty so you want to leave that at fifty
Everything else is pretty standard
It's a it's very
We try to make it as simple as possible based on the strategy. That's what we do
we want to we want to
Not complicate stuff as much as possible
And we think this will cover all the from the beginners the advanced we gave some of those settings
For those advanced traders who want to kind of tweak the strategy?
Well, if you're beginner if you're starting now, if you've been training for less than a year leave those settings alone
You can change these colors if you want to change the arrows or something, but just leave the settings alone
And just focus on the cell
so by
what I would use is click on all these and take take a look at on pound/dollar and then you can always just say if
You see something like that
Then come over to a chart and
Take a look. There's two right here pound pound dollar and New Zealand yen
There's two right here. So this is the like I said, that's a buy signal
Here's a sell they look a little bit different on the FC
You can actually make you can actually make this look completely different
But I really don't want to focus on the FC that could be for a later time. I wanted to focus on this dashboard
But they're both the same a a cell would look like a red candles and a Bible look like green
So it's very straightforward indicator and then we always give you that
Take profit target at one point two nine eight to zero and then where to place your stop-loss
The best place is place your stop loss we can also get into that and maybe at a later time
We'll focus on this why we put the stop-loss here and why we put the stake profit here
It has to do with this level here. I'm just going to give you the hint
This it gives you this let's say if it breaks this level. It's
We don't we don't want that trade. Anyways, we don't wanna get out of this trade
So basically it could it involves this level right here
So we also have another dashboard
I guess we would call it EFC scanner
1.0. And it looks like this a little bit a little bit different than this
We can't wanted to give a variety
This will show you the buy signals kind of what it means are a size below
20 so for instance, the urine is zealand on a minute 15 chart the
Dr. Size below 20 right now and
and
Then on the 30-minute chart as there's actually setup that's confirmed
And it so looks a little bit different as a little feel a little different feel to it
Really there's some II I'm not gonna say once better than the other because they're both very good, but what
We found out through through through many years of working with traders with teaching traders with helping traders
No matter what market their trading of the trading Bitcoin if their trading Forex with trading stocks or whatever it is
They they like for right that not no true traitor to the same the space of what I'm saying? No true
No, two traders are exactly alike
so one person one trader would love this this type of dashboard because they think this is a little easier to see
Navigate well, another trader will think this is a little bit better because all I need is this
With this you still have to go to the charts and actually look at you know already is confirmed with this
Say right now I want to go the minute chart and I'll see what's going on down there all the way down a minute
So I I just pulled up one two, three, four five. I just pulled out five trades
What's this look like?
Well, let's see. That's actually looks like a nice reversal. What's why don't we check? Why don't we check out the pound of Zealand?
So we'll go down the power pound New Zealand and see what it looks like
You know, we'll get a pound as you in chart then so that mean that's that's kind of the difference
Here's another nice looking tray that looks like a nice trade actually all look like them nice trades on there
And I did I'd so basically I just analyzed five setups now that's not a good analysis. I'm not gonna be able to trade like
Right there then and now I'm still gonna have to obviously look at the chart
You always want to make sure you look at the chart. Look at different time frames stuff like that
What I'm saying is I just analyzed five different
Charts in a matter of about 10 seconds and here's the lonely sell trade
Looks like we just actually got up an alert on euro Ozzy
So here's a cell and here's another sale, so it actually two cells just came up this looks like a nice trend breaker here
so I actually looks like a really good minute, but
Remember, this is all the way down to the the minute chart. So the
Is all the way down in the minute chart so we don't want to we don't want to assume anything
You never want to assume anything and while we're getting a little ton of alerts here. They actually might have just kicked in
and well if you're gonna be
Here's my recommendation
Now think of it
So we're getting all these alerts and if you're gonna be switching from time to time from your time from your time frame
like this see we're getting all these alerts and
This is actually a good
Teaching lesson here. You want to turn these alerts off just turn the alerts off
Turn them all off the false
especially if you're if you're going from
I'm sorry from time to time frame
turn all this off because I mean there's a lot of stuff going on behind the scenes that you just don't see here and
It takes a little bit of time to catch up. It's not all it's on all instantaneous
Like we'd like it to be I know people
Are tend to be a little bit impatient but stuff
But if you want to look at different time frames real quick
You're gonna be able to just do that turn those alerts off and that's all you got to do
So see right there that doesn't really look like the greatest rates. But you know, what is everything their signals perfect
and
So that's that's it. It was a quick 20 and about 22 minutes long video about the EF c
2.0
Dashboard and I kind of went through I kind of looked through a lot
So if you have see if you have any questions, let us know
you can email us at info at trading strategy guides if it's if it's a summer where you can comment leave a comment I
Do a post do whatever you want to do, whatever you need to do to get a hold of us
We got team members everywhere. We're spread it out or keep we keep growing each and every month and
So whatever if you have any kind of question with the EFC, I know this is our most popular indicator. So we've answered
Hundreds and hundreds of questions about the EFC indicator. We spent hours teaching people to strategy and
It's a really good strategy
if you know
If you what we what we want to make what we want to get through heads is read this first read this strategy first
See if it's for you see if you only trade trends if you're at
Only I'd never trade reversals then don't use this indicator. Don't don't bother
The bother investing in this indicator don't bother
Reading the stress if you don't trade reversals, if you said back whenever you first started trading that I will never trade reversals
I don't think they're any good. I don't think that they move
Actually, let's see 130 pips, but I don't think they work for versal trays don't work
One two three risks where issues don't work, then don't trade it. Don't don't use the indicator
that's it's as simple as that, but if you're if you're still looking for a strategy if you're still looking for a
System that'll work for you
Head on over to head on over to our website go to
Find our strategy find our Asajj strategy even search EFC even search EFC indicators. See see what it's all about
If you this is I guess this little disclaimer if you see an EFC from some somewhere else some of us not us
It's actually not the EFC
It's not it's not an updated version side, you know, we find out it's different stuff like that
But you need to get it from us because we're gonna we're gonna invest as much time as as we can with you
Teaching you the strategy behind this teaching you how this indicator works giving you this update this this dashboard
Where'd my dashboard go this dashboard
The very first the very first
EFC indicator this never existed actually to tell you the truth
The the original UFC didn't look anything like this
It was it actually it actually was a lot of bugs. We actually worked
We worked a long time to get it to look like this
So what I'm saying is we're gonna we update you we update you with with new features new
Dashboards, this is a brand new dashboard. We actually give you two now. So here's the tool. Here's the one and two and
You know, we we like to help our trade so we like to
We like to do what we can for our traders
So if this looks interesting to you if you want to learn more about it
if you have any other questions go visit that go visit that
Go visit the link the website
Message us at info at trading strategy guys a column hit us up on Facebook. Hit us up on Twitter
Facebook it's just trading strategy guides. I think Twitter. It's just ESG guides
I'd have to double-check that but I think it's
Just /t as she guides you can find us on Twitter
you can always message us there most probably the best place to get a hold of us this info a training strategy guys calm and
We'll help you out with this dashboard
If you have any questions or anything like that
We actually have a knowledge base that we could probably share with you for other that other traders
you know most of the time there's a lot of the same questions and we try to actually
Solve that whenever you read about the EFC
So we try to implement that as we go as we get new questions, but this this dashboard is pretty self-explanatory
It's a it's a very good update
Probably one of our best updates and they're still there still might be a little so might be a few bugs here and there
And we'll address those as we get to them. We always get what we do. We actually have a lot of sweet, right?
We actually have a ton of surveys
I don't know if you guys know this probably a lot of you don't is
We actually have a survey. So once you actually invest in this in this in this plugin or this indicator
Maybe a few days. We're gonna shoot you out an email says hey, you know, how you liking it?
What you what what have you found out? Is there anything that we can improve on like and there's a bunch of different questions?
surrounding this this
Dashboard this indicator the scanner and we gets we did
We get int we get questions then we actually answer them and we also get really good feedback
and this was that this actually was somebody who
Really wasn't understanding this
what was going on here and
So what we ended up doing we actually went we actually went to our developer
We said hey, let's you know, is there anything you can do to make this maybe a tad bit easier?
Maybe we get another version something like that something that could be a little more easier to
Navigate the where they can see everything in one place, and this is actually what we we put our heads together
This is actually what we came up with. So it's a really nice end product and we think you guys are gonna really like it
So again, if you don't like this new version I say you see already got the FC and he said well
I took a look at it. I really like the other
Scanner better. I'll stick with this one stick with that one
What's really unique about this is
It it'll do any
Symbol with its you're kind of limited to these pairs
With this you're actually gonna be able to whatever's in the market watch. So whatever you're trading if you're trading Bitcoin
Bitcoin is really big right now
We've done a little bit of testing with the FC
Bitcoins who fits it's a little crazy
Depending on if you trade it or not. It's just you could test it out
basically, so run the ft from the AFC through the Bitcoin and
see what a co it does and it works pretty good on the
higher time frames
Lower timeframes probably not so much
But again the strat that's based on the strategy and we actually tell you that we actually share some information about that
Kind of like a little disclaimer
So that's that's basically it I think I'm out of time here
Any questions for us
You know, where did you know what to do info at trading strategy guides?
dot-com
Will be there to help and support you along the way
if you're still with me, I
Appreciate you sticking with me. And if you liked again any questions for new guard any kind of markets anything like that?
you can always hit a hit or support team up and
If you have any suggestions any suggestions for new indicators any suggestions for new
maybe EA's new products new new trainings a
New platform anything like that?
Let us know we're always taking to Jess
suggestions, that's actually how a lot of our stuff gets done is we hear our traders and we give them what they want but
We make sure it's valuable. You know, you don't just want to give somebody something and it not be valuable
We actually make sure it's valuable for them for their success and then we develop it for them. That's why we have a lot of
We have a full-time trader. We have a lot of different stuff that will help traders become successful
not successful overnight
But successful once they learn the system
All right, guys, that's it. My name is Ben you can
Personally message me. All right, I could personally message you back. I just say hey, can I talk to Ben or something like that?
And I could probably get with you guys and if you have any
maybe advanced questions
just let me know a lot our support no and
Yet. All right guys. Thanks very much. Thanks for sticking with me and I'll see you next time
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