Daily Forex Signals by The Forex Army

theforexarmy111

Corporal
Messages
101
Hi everyone,

I'll be using this thread to post my daily trading signals. They are mainly scalping and day trading signals (sometimes swing trading signals). They are generated by an algorithm but I'll create a separate analysis on it to explain how it was generated.

I have a free MT4 signal table to track all of this signals (you can even choose to autotrade the signals or copy them directly from the table). You can download it at the bottom of this post.

photo_2020-03-04_12-39-39.jpg


The MKT button means market order. PEND button means pending order. VIEW links to our analysis of the signal.

The autotrade function allows you to automatically copy trades based on your preset criteria.

photo_2020-03-04_12-37-01.jpg


A bit of a background on the algorithm: It was created by a team of 4 people (CMT, CFTe, CFA certified, ex-advisors to the trading desks of banks and hedge funds) and it finds levels of strong Fibonacci confluence (retracements and extensions). It relies a lot on chaos theory. Occasionally adding in correlations, graphical support/resistance and price action.

Each signal comes with an entry, stop loss, take profit and risk allocation (in percentage terms). At the same time, to the best of my ability, I will include the analysis on how I got the signal.

I hope these signals will help us all make some good money together. I will be constantly posting and updating them along the way :)

P.S. I can't seem to attach ex4 so click here for the direct download link

Cheers,
Desmond from The Forex Army
 

theforexarmy111

Corporal
Messages
101
BUY Signal on AUD/NZD.

Entry is at 1.0468 which is a 1.272 Fibonacci extension and 78.6% Fibonacci extension.
Stop loss is at 1.0454.
Take profit is at 1.0476.

Please see GIF below on how we got the fibonacci extension levels.

audnzd 4th march signal.png


4th March AUDNZD signal.gif
 

theforexarmy111

Corporal
Messages
101
5th March 2020

AUD/NZD SELL Signal

Entry is at 1.0487 which is a 61.8% Fibonacci extension and 38.2% Fibonacci retracement.
Stop loss is at 1.0473.
Take profit is at 1.0495.

Please see GIF below on how we got the levels.

image (2)signal.png

5marAUDNZDsignal.gif
 
Last edited:

theforexarmy111

Corporal
Messages
101
5th March 2020

EUR/GBP BUY Signal

Entry is at 0.8597 which is at 38.2% fibo retracement and 61.8% fibo extension.
Stop loss is at 0.8528.
Take profit is at 0.8635.


Please see GIF below on how we got the levels.


eurgbpella5martable.png
eurgbpella5mar.gif
 

theforexarmy111

Corporal
Messages
101
5th March 2020

EUR/AUD BUY Signal

Entry is at 1.6494 which is at 78.6% pullback extension and 61.8% retracement.
Stop loss is at 1.6384.
Take profit is at 1.6594.


Please see GIF below on how we got the levels.
image.png

euarudlixing5mar.gif
 

theforexarmy111

Corporal
Messages
101
6th March 2020

AUD/NZD BUY Signal

Entry is at 1.04601 which is at 61.8% and 50% retracement and 100% extension.
Stop loss is at 1.04477.
Take profit is at 1.04744.


Please see GIF below on how we got the levels.
image.png
AUDNZD6marSignal.gif
 
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