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- Forex Robot Review
- Metatrader 4
- Indicators
- Ikoku Kairi Band
Profit:
94.56$
Traders:
118
(81/37)
Most Profit Trade:
39.02$
Most Loss Trade:
-72.95$
Profit Factor:
0.72
Average Loss:
-29.15$
Overview
The Ikoku Kairi Band, a unique oscillator indicator, combines the Kairi Relative Index with the Bollinger Band to create a powerful forex scalping tool. This article will provide an in-depth look into the functionalities and benefits of this tool in the realm of forex market analysis and currency trading.
The Kairi Relative Index and the Ikoku Kairi Band
The Kairi Relative Index, a type of oscillator, is used to monitor price momentum in currency trading. It doesn’t move within a fixed range like the Relative Strength Index (RSI), which uses a sell signal above 70 and a buy signal below 30. Instead, the Kairi Relative Index constantly changes with the fluctuation in price, making it challenging to determine high and low values.
Here’s where the Ikoku Kairi Band comes in. By integrating the Bollinger Band with the Kairi Relative Index, the Ikoku Kairi Band helps to identify significant deviations. This is made visible when the Kairi value moves outside the Bollinger Band. To simplify this, the Ikoku Kairi Band displays signal arrows when the Kairi Index returns to the bands, indicating potential entry points for buy or sell positions.
Optimal Use of the Ikoku Kairi Band
Given the nature of the Kairi Relative Index, it is typically used to trade against the trend in a range market. Thus, the Ikoku Kairi Band, being an enhanced version of the classic Kairi indicator, is best used in similar conditions. Its optimal use is in a range market, where it performs exceptionally well with the scalping strategy, a popular forex trading technique. However, it is crucial to note that the Ikoku Kairi Band is not suitable for use in a trend market.
Customising the Ikoku Kairi Band Parameters
The Ikoku Kairi Band comes with customisable parameters to suit individual trading needs. These include the MA Period, Bollinger Band Period, and Deviation. The MA Period, in particular, is crucial as the Kairi Relative Index measures the price deviation from the Simple Moving Average (SMA). Lower MA Period values result in a more volatile Kairi Index line with frequent direction changes, while higher values produce a more gradual line.
FAQs
What is the Ikoku Kairi Band?
The Ikoku Kairi Band is an oscillator indicator that combines the Kairi Relative Index with the Bollinger Band. It displays signals at potential position entry points and is primarily used for scalping in a range market.
How is the Ikoku Kairi Band used in Forex trading?
The Ikoku Kairi Band helps identify significant price deviations by displaying signal arrows when the Kairi Index returns to the Bollinger Bands. These arrows indicate potential entry points for buy or sell positions in range markets.
Can the Ikoku Kairi Band be customised?
Yes, you can customise the Ikoku Kairi Band according to your needs by adjusting parameters such as the MA Period, Bollinger Band Period, and Deviation.
For those interested in witnessing the efficacy of the Ikoku Kairi Band, independent testing of this product is available on the forexroboteasy.com website. Subscribing to updates on the results of testing this product is also possible.
This independent product review invites users of the Ikoku Kairi Band to share their experiences, contributing to a comprehensive understanding of its effectiveness in Forex trading. The information provided here is purely objective and does not endorse or promote the product.
EASY Scalperology Bot
Update: 11 Nov 2024
Trading Conditions by EASY Scalperology Bot
Leverage:
100
Account type:
Live
Profitable by EASY Scalperology Bot
Profit:
-0.51%
AVG Daily:
0$
Deposit:
1400$
WithDrawal:
0$
Current Balance:
1392.85$
Profit:
-7.15$
Trading Conditions by Ikoku Kairi Band
Leverage:
100
Account type:
Live
Profitable by Ikoku Kairi Band
Profit:
5.75%
AVG Daily:
0$
Deposit:
1643.4$
WithDrawal:
0$
Current Balance:
1737.96$
Profit:
94.56$
Other products
Ikoku Kairi Band Review: Optimal Forex Scalping Tool
forexroboteasy.com
Write review
ThorstenKock
1 review
Comprehensive Review of Ikoku Kairi Band: A Forex Trader's Dream
The software's algorithm, while sophisticated, often produced signals that were either untradeable or failed to deliver a reasonable risk-to-reward ratio. This is a crucial aspect for any trader, as the risk-to-reward ratio is a key determinant in assessing the viability of a trade. A low ratio can significantly impact the profitability of a trade, even if the entry point seems promising. Moreover, while the software does provide a plethora of signals, the majority of them were either false or not actionable. This is a significant drawback as it can lead to missed opportunities or worse, losses. A reliable trading software should be able to filter out noise and provide accurate signals that can be actioned upon with confidence. Despite these shortcomings, the Ikoku Kairi Band does have its merits. The software is easy to navigate, making it suitable for beginners who are new to the world of Forex trading. The graphical representation of data is also a plus, as it allows for easy interpretation of market trends and patterns. In conclusion, while the Ikoku Kairi Band Forex software does have its strengths, it falls short in some critical areas. The unreliable signals and low risk-to-reward ratio make it a less than ideal choice for serious traders. However, for those who are just starting out in the Forex market, this software could serve as a good introduction to the world of trading. As always, it's important to remember that no software can guarantee profits, and trading always comes with its own set of risks.