The Starc Bands Indicator (Stoller Average Range Channel Bands) provides traders with ideas on when to buy or sell. During an overall uptrend, buying near the lower band and selling near the top band is favorable, for example. STARC bands can provide insight for both ranging and trending markets.
Starc Bands is a MetaTrader 4 (MT4) indicator that can be used with any Forex Trading System for extra confirmation to enter or exit a trade. This indicator works with all currency pairs and all timeframes. Once you download and install the indicator, it will appear in your trading chart, like the image shown above.
Trading Forex is easy if you have the right strategy, indicators, and discipline to stick with the rules and strategy you set. Most professional traders make profitable returns consistently. To become a successful trader, you must invest time in learning forex and develop a profitable trading strategy that suits your trading style. You can find hundreds of forex indicators like Starc Bands Indicator on our website that can help you in building your trading strategy.
Don’t overcome emotions and greediness, and be patient and stick to your main trading strategy. If the trades are profitable, stick to that strategy. If not, then move to another strategy. You can go to our forex strategies section to explore latest trading strategies. All these strategies are tested and have shown great results for our members.
Self-discipline is the most important aspect of trading. The market itself is not consistent and may drives traders to a losing trade or position. Therefore, providing a stop loss and take profit is a must. Always use proper money management techniques and to start small when you go live.