ForexSight

Multi-indicator confluence · Live data · News-aware
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⚠ Educational tool — not financial advice. Confidence = weighted % of indicators agreeing. It is NOT a probability of winning. Forex is high-risk — you can lose capital fast. Paper-trade, risk 1–2% per trade max, and verify every signal with your own analysis.
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Every trade you "take" from a signal card lives here. Open trades auto-close as win/loss when price hits TP1 or SL on the next data refresh. You can also mark them manually or delete them.

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High-impact events from ForexFactory this week. Avoid entering trades 30 min before/after.

Each signal is tracked and measured against whether price hit TP1 or SL first. Indicator weights adapt based on hit-rate. Per-pair and per-hour stats also feed a context boost so signals generated during times/pairs that historically win get a small confidence bump.

Forex trading principles

💰 Risk management (the #1 thing)

  • Never risk more than 1–2% per trade. Even 10 losses in a row only drops you 10–20%.
  • Always set a stop loss before entering. No exceptions.
  • Minimum 1:2 risk-to-reward — the app's TP2 is designed for this.
  • If you break a rule, close the trade. Discipline > analysis.

⏰ Session timing

  • London/NY overlap (13:00–16:00 UTC): highest liquidity, tightest spreads — best for scalping and breakouts.
  • Asian session: slower, more ranging — better for mean-reversion plays on JPY pairs.
  • Avoid Friday close & Sunday open: thin liquidity, gap risk.
  • Avoid red-folder news ± 30 min: spreads widen, stops get hunted. Check Calendar tab.

📈 What the indicators actually tell you

  • RSI — overbought/oversold. Best in ranges; lies in strong trends (stays pinned >70 or <30).
  • MACD — momentum shifts. Lag behind price by design.
  • EMA stack (20/50/200) — trend direction. If all three align, trend is your friend.
  • Bollinger Bands — volatility. Squeezes → breakouts. Tags of outer bands → mean reversion.
  • ADX — trend strength. >25 = trade with trend. <20 = range-trade.
  • Candlestick patterns — only reliable at support/resistance or after extended moves.

🎯 The "high-probability" setup checklist

  • Higher timeframe trend aligned with your entry direction
  • Price at a clear support or resistance level
  • Confirmation candle (engulfing, pin bar, etc.)
  • Momentum oscillator (RSI/Stoch) diverging or at extreme
  • Entering during London or NY session, not Asian doldrums
  • No red-folder news in the next 30 min
  • Pre-planned stop loss and target — before you click the button

🧠 Psychology — the silent killer

  • Revenge trading (doubling up after a loss) destroys more accounts than bad analysis.
  • If you're on tilt, walk away — markets are open 24/5, the opportunity will come back.
  • Keep a journal (the My Trades tab is one). Review losses without judgment.
  • Your win rate doesn't have to be high. 40% win rate with 1:2 R:R is still profitable.

🚫 The mistakes that blow accounts

  • No stop loss "because the trade will come back"
  • Moving stop losses further away
  • Overleveraging — anything above 5:1 effective leverage is roulette
  • Trading every signal instead of the best ones
  • Trading news events without understanding spreads + slippage
  • Copying signals blindly without understanding the setup

🧠 Smart Money Concepts (ICT) — the institutional framework

Distilled from Inner Circle Trader research and modern price-action literature. These are the highest-probability setups professional retail traders actually use:

  • Liquidity Sweep / Stop Hunt (65–75% historical win rate). Price wicks above an obvious swing high (or below a swing low) to trigger clustered stops, then closes back inside the range. The sweep itself is the entry trigger — go opposite the wick, stop just beyond it. Best at session opens (London sweeps Asian high/low; NY sweeps London's extremes).
  • Order Block. The last opposing candle before a strong impulse move. Bullish order block = last bearish candle before a rally; price often returns to that zone for a re-entry. Combine with a Fair Value Gap above/below for highest probability.
  • Fair Value Gap (FVG). A 3-candle imbalance where candle 1's wick doesn't overlap candle 3's wick — price moved too fast to fill orders. Fresh (unmitigated) FVGs are high-probability magnets; price typically returns to fill them.
  • Break of Structure (BOS). Price breaks the most recent swing high in an uptrend (or low in a downtrend) — confirms trend continuation. Trade pullbacks back toward the broken level.
  • Change of Character (CHoCH). The first counter-trend break — a downtrend's first higher high, or uptrend's first lower low. Earlier signal than BOS for catching reversals at the start of a new leg.
  • Premium / Discount. Mark the most recent significant range. The lower 33% (discount) is the institutional buying zone — only buy here. The upper 33% (premium) is the institutional selling zone — only sell here. Avoid the middle 33%.

⏰ ICT Killzones — when institutional flow concentrates

  • London Killzone (07:00–10:00 UTC): best for EUR/USD, GBP/USD, EUR/GBP, EUR/CHF. London opens hunt the Asian high or low first.
  • New York Killzone (12:00–15:00 UTC): best for all majors + indices. NY often hunts London's extremes before the real move.
  • Outside killzones: lower liquidity, more noise, more whipsaws. Trade smaller or sit out.
  • Avoid the Asian session for breakout strategies — slow ranges, false breaks. Better for mean reversion on JPY pairs.

🎯 The institutional confluence stack

Pro confluence = at least 3-4 INDEPENDENT factors agreeing. Stack these:

  • Higher-timeframe trend (Daily) — only trade in its direction
  • Mid-timeframe structure (4H) — pullback or continuation pattern
  • Entry-timeframe trigger (1H) — engulfing, pin bar, or structure shift
  • Premium/Discount zone — only buy in lower third, sell in upper third
  • Liquidity zone — fresh order block, FVG, or sweep just completed
  • Killzone window — London or NY institutional hours
  • No high-impact news in the next 30–60 min (red folder calendar)

📊 Why retail traders actually lose (research consensus)

  • Misuse of leverage — 1:500 leverage = 1 bad trade kills the account
  • No risk management — risking 5–10% per trade ensures eventual ruin
  • Emotional execution — moving stops, revenge trading, FOMO entries
  • Overtrading — taking 20 mediocre setups instead of 3 great ones
  • No edge — trading without statistical proof the strategy wins
  • Wrong session — trading low-liquidity hours, getting whipsawed
  • Fighting the trend — counter-trend trades fail 60–70% of the time

🏆 What prop-firm-funded traders do consistently

  • Fixed risk per trade: 0.5–1% (NEVER 2%+)
  • Trade only their best 1–2 setups, no exceptions
  • Pre-defined R:R (minimum 1:2, ideally 1:3)
  • Trade within their personal "best window" (often London or NY only)
  • Walk away after hitting a daily loss limit (3% or 2 losses)
  • Journal every trade — review losses without judgment, looking for pattern violations
  • Skip trading during major news, end of week, low-volatility regimes
  • Treat trading as a business, not a get-rich-quick scheme

How ForexSight builds a signal

For each pair, 9 independent signals each cast a vote (bullish / bearish / neutral) on 1-hour candles:

Each vote is weighted by that indicator's historical hit-rate. The weighted majority sets direction; its weighted share sets the confluence %. That score is then multiplied by a session liquidity factor (London/NY overlap gets a 10% boost, off-hours a 10% penalty) and a per-pair + per-hour context boost (if a pair historically wins during this hour of day, its confidence gets a small bump — capped at ±50%).

Entry = current price. Stop Loss = entry ± 1.5 × ATR(14). TP1 = entry ± 1.5 × ATR (1:1 R:R). TP2 = entry ± 3 × ATR (1:2 R:R).

Position-size calculator

Placing trades on each platform

Universal rule: never size a position so that a full SL hit loses more than 1–2% of your account. Use the position-size calculator below for each signal.

MetaTrader 4 (MT4) / MetaTrader 5 (MT5)

  1. Open Market Watch (Ctrl+M) and right-click the pair → New Order (F9).
  2. Type: Pending Order if entering at a level away from current price, else Market Execution.
  3. Volume: use lot size from the calculator on the signal card.
  4. Stop Loss: paste the SL price from the signal.
  5. Take Profit: paste TP1 (or split: half at TP1, move SL to entry, let the rest run to TP2).
  6. Click Sell by Market / Buy by Market.

TradingView (paper or connected broker)

  1. Open the pair chart. Press Shift+Click on the price scale to drop a horizontal line at entry.
  2. Click Trade panel → pick your broker (OANDA, FOREX.com, Tradovate, etc.).
  3. Order type: Limit at entry price.
  4. Attach bracket: SL = the SL price, TP = TP1 price.
  5. Quantity: paste units from the position-size calculator.
  6. Review → Buy / Sell.

cTrader

  1. Right-click pair in Symbols → Create New Order.
  2. Order: Limit. Enter price = signal entry.
  3. Volume: enter lots from calculator.
  4. Protection: tick Stop Loss and Take Profit, paste prices.
  5. Place.

OANDA (web / app)

  1. Open pair → Trade.
  2. Order type: Limit, enter price = signal entry.
  3. Units: from calculator (positive = buy, negative = sell; or use the Buy/Sell toggle).
  4. Enable Stop Loss and Take Profit, enter as Price (not pips).
  5. Submit.

IG / CMC / Plus500 / FOREX.com / XM etc. (generic)

  1. Search the pair → open order ticket.
  2. Select Limit order (or Pending).
  3. Enter price = signal entry.
  4. Fill Stop and Limit (TP) with the signal prices. Most platforms let you toggle between "points", "pips", and "level" — always use level / price to avoid mistakes.
  5. Size using the calculator.
  6. Place order.