How Does the Prodigy Indicator Work?

Trading consists of three key components:

1. Entry – Deciding when to buy or sell.
2. Exit – Setting stop loss or take profit levels.
3. Risk Management – Determining how much you're willing to lose, based on your chosen lot size.

The FX Social Prodigy Indicator simplifies all three, making trading incredibly straightforward. It also provides real-time alerts when a buy or sell signal appears, keeping your trading process seamless and efficient.

Steps to Use the Prodigy Indicator

STEP 1: Set Up Alerts

• Configure your buy and sell alerts in the platform, it will alert your phone via email, sms or tradingview app. 
  
  
  

STEP 2: Respond to Alerts

• When you receive an alert, check the chart. For example, if it suggests a buy, it will also recommend:
  • A stop loss to limit risk.
  • Three take profit (TP)levels:
    • TP 1: 1:1 risk-to-reward ratio (first green line).
    • TP 2: 1:2 risk-to-reward ratio (second green line, recommended). With this, you only need to win 40% of your trades to stay profitable, and the indicator has an 80% success rate.
    • TP 3: 1:3 risk-to-reward ratio (third green line), offering even greater profits but requiring more confidence.

? Recommendation for Beginners: Start with TP 2 (1:2) for a balanced approach. Once you’re more comfortable, you can aim for TP 3 (1:3) setups.

STEP 3: Set Your Lot Size

• The software calculates the recommended lot size based on your preset risk and account balance.
  
  
  

Why the Prodigy Indicator is Effective

The indicator handles everything:

• Recommended entry direction.
• Suggested stop loss.
• Optimal take profit levels.
• Accurate lot size based on your risk tolerance.

It practically does the trading for you, leaving you to simply review and approve the trade. Plus, we provide training to ensure you fully understand how to use it effectively.