The “big round numbers” (e.g. EUR/USD 1.2800, USD/JPY 99.00) are natural levels of support and resistance. These are psychological levels (easy for humans to think about) as well as “lazy” levels when setting entries or profit targets. Additionally, the importance of the big round numbers has also increased because they are used for options barriers levels.
As a result, a lot of orders are placed around these levels.
The “Big Round Numbers” indicator is a very simple but effective indicator that highlights these levels on your charts. The indicator can be set to show levels of 50, 100, 250, 500 and 1000 pip increments. Of course, colours and line widths are customizable.
The following are inputs available in the application:
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
This indicator is only compatible with FXCM’s Trading Station Desktop. Additionally, an FXCM account is required (including free FXCM demo accounts).
Links to third-party sites are provided for your convenience and for informational purposes only. FXCM bears no liability for the accuracy, content, or any other matter related to the external site or for that of subsequent links, and accepts no liability whatsoever for any loss or damage arising from the use of this or any other content. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Please read the linked websites’ terms and conditions.
Forex Capital Markets, LLC. (“FXCM LLC”) is an independent legal entity and is not affiliated with robocod.blogspot.co.uk. robocod.blogspot.co.uk is not owned, controlled, or operated by FXCM LLC. Steven Dickinson is not an employee, agent or affiliate of FXCM.
We can customize any app to meet your trading needs. All you need to do is tell us what you’re looking for and we'll help you build the perfect trading app.