EFC Indicator: Best MT4 Indicator Reversal Trading Tool

The EFC indicator is an advanced tool created by Trading Strategy Guides, which is used to help find the perfect trading entry. While there is no such thing as a perfect trading entry- The EFC indicator is one of the best ways to find the timing.

The EFC Indicator was designed to help traders to more effectively trade our 80-20 RSI Trading Strategy If you want to understand how the strategy works just read that article. 

This article is primarily focused on how the indicator works and not the strategy. 

This tool was released in 2017 and has gone through 6 major upgrades since then so it is continually getting better and better. 

How does the EFC Indicator work:

The EFC is designed to do three things to maximize trading entries.

1. The EFC finds strong trends so traders can always trade in the direction of the trend.
2. The EFC Indicator finds strong pullbacks and reversals in the direction of the trend.
3. The EFC finds when the pullback is complete and creates a signal when to enter the trade.

Here is a simple Diagram demonstrating how the EFC indicator works so that you can get a general understanding of this tool.

 

You can see by the above Diagram that the EFC finds excellent trading entries.

When a BUY trade is triggered the remaining candles will turn green until the set stop loss or take profit
is reached. When a SELL trade is triggered the remaining candles will turn red until the set stop loss or
take profit is reached. You will also see a green arrow point up (for a buy) or a red arrow pointing down
(for sell).

1. Resuming everything written above we can outline the basic principles of getting Buy/Sell signals:
   RSI must be in oversold (for buy signal) or overbought (for sell signal) zone (orange bars)
2.  RSI must then exit that zone and go restoring along with a price (blue bars). Since this moment
   we can put a stop order to enter a trade. Entry price is the start price of the pattern (first
   orange bar)
3.  As soon as a price triggers the entry level, the indicator emulates trade entry
4. If RSI turns back and goes again to over-zone, the signal cancel.

Also, there is an alternative mode to form an entry signal. See the option: “Use entry RSI filter” in
chapter “3. Inputs”. When the option is enabled, an entry stop order is postponed until the RSI recovers
to the specified levels. For example, for Buy pattern recovery level is 65% be default. Since the price may
overrun the RSI and come to an expected entry level before RSI gets a specified level, the entry order
may be executed by market price:

Backtesting results

Here is a quick video on our backtest with the EFC trading indicator

Basic principles of entry signals

The EFC pattern starts when the RSI hits a critical level and the candles turn orange (default color).

Figure 1 – RSI enters oversold level (<20%). We’re looking for Buy opportunity

Then when RSI gets back from the critical zone along with price, blue candles appear (default color).

To decide if a price is really tending to rise (for Buy pattern) we compare the current close price with a price
of the bar with the lowest RSI value (it must be higher).

For the Sell pattern, accordingly, to be sure the price goes down we compare the current price with the price of the bar with the highest RSI value.

Main EFC Components

1. Trend Tool: The Trend tool helps you to know which direction the trend is going at all times and that will help make sure you don’t get faked out of trades that other traders will fall for. 
2. Shaded Candles: The shaded Candles make it simple for traders to know exactly the best time to trade the markets- These candles are designed for ease of use and also for helping traders spot the entries.
   1. There are 4 shades to show 4 different markets. Momentum, Divergence, Overbought, and Oversold.
3. Price Action Indicators– A trade doesn’t just trigger when shading occurs we need to get a price action signal to trigger an entry.
4. Entry Point: The software shows where to enter the trades so there is no guess work everything is self explanatory.
5. Stop Loss: A clear stop loss is shown on the charts which is needed to ensure traders are using proper risk management:
6. Take Profit: A take profit is clearly marked on the charts so that traders can easily see where the trade needs to go to hit the maximum targets.
7. EFC Dashboard: The EFC dashboard is a scanner that searches the entire Forex Market so that traders can know when a trade is getting ready to setup with just a quick glance rather than going through chart after chart. 

See the image below for all of the key EFC parts in action which will give you a great idea of exactly what is included when you use the EFC indicator.

EFC Dashboard: How it works

When you grab the EFC Indicator you get access to the EFC Dashboard 2.0 which is our new and improved dashboard and that gives you instant access to everything going on in the markets right now.

The EFC dashboard looks like this:

Dashboard indicator show the main events of the EFC trading pattern for the specified set of
instruments:

1. Overbought/oversold state (orange)
2. Waiting for entry (blue)
3. In position (green or red)
4. Closed position (dark green or dark red)

Also, EFC dashboard allows to open preview window for each instrument and then to open a chart with
EFC running on it like you see in the picture above.

 

EFC Indicator Demonstration Step by Step: This is a visual representation of each part of the EFC Indicator.

 Momentum Shaded Candles: The EFC is known as a reversal indicator but it can be a great momentum indicator as well. The image below shows how to use the EFC for finding momentum.

EFC Divergence Detector: When you see the Blue shaded candles begin to develop which is an indication that price could reverse. It’s not a signal, just an indication that it could reverse sometime soon. The EFC divergence detector is just something that could be used to help you get ready to look for a trade.

EFC Oversold Candles: When the candles show an oversold position on the charts they are shaded red. When that happens it is time to Trade. The Red Candles are telling you to go short on the trade. There is also a red arrow that shows up in addition to the shaded candles.

EFC is always working…

The tool is working hard behind the scenes looking to find the best trades for you.

Trade Entry Specific details: The EFC indicator is going to show you exactly where to enter the trade. Where to set your stop loss and where to add your take profit levels. This helps you with being able to follow sound money management principles.

EFC Indicator Alerts:

There are desktop notifications for the EFC Indicator when certain criteria are met. Such as when a new order is triggered or a new stop loss or take profit is hit.

This gives you the ability to act quickly because the notification pops up on your screen even if you’re not watching a specific chart.

See Image below to see how the Alerts Look:

EFC Indicator Review:

The EFC indicator is one of the top rated Indicators on MT4 this is based on several factors.

1. Ease of Use: The efc indicator is very simple to understand when a signal is ready to trade a simple shading of the candles turns red or green based on buy or sell. The team at Trading Strategy Guides believes trading should be made as simple as possible. 
2. Alerts: The platform sends simple alerts that pop up right on the dashboard with a bell alarm as well. This makes sure you won’t miss an alert even when you might be focused on something else. 
3. EFC Indicator Reviews: There are thousands of people who use the EFC indicator and they have left great reviews. Here are a few of them that we want to share. 
4. Installation: The EFC is designed for the MT4 platform and we have made the installation simple and effective. In fact the entire installation process generally only takes 5 minutes to complete. 
5. Customer Support: The trading industry is known to have terrible customer support but with the EFC indicator we put our customers first and we always answer your emails fast. With a full explanation and we work hard to make sure your happy or we are not happy. 

EFC Free Download:

At this time there is no Free Download for the EFC because we have spent thousands of dollars and thousands of hours perfecting this platform. 

If you see a free download anywhere on the internet you need to know that it is a stolen copy- It is not upto date and is missing many of the new features. 

In addition if you see a free download anywhere online it could be infected with a virus as it is not officially from Trading Strategy Guides.

It is always best to get the official product from us so we can give you full support and help you. Our goal is our success and when you work with us you get the best chance of getting the EFC indicator to work for you.

There have been thousands of users who work with EFC 

Frequently Asked Questions:

Is there a money back Guarantee?

Yes! With the EFC indicator we do have a money back guarantee if the product doesn’t work for you. However no Lazy traders if you don’t use it you can’t get your money back. You need to document that you have traded with it at least 30 times and that it isn’t working for you. We know it will because we have never had a trader that documented the 30 trades get a refund. It works just that well. 

EFC trading reviews 

Is the EFC good for Beginners?

Yes! 

In fact, the EFC Indicator was designed with beginners in mind that’s why we focus on have clear signals that are easy to follow and also have a solid risk management focus. This helps beginners stay safe.

Can I get Access to the EFC Indicator PDF?

Yes when you purchase the EFC indicator then you will have full access to the EFC Indicator PDF. This PDF has complete instructions of the EFC Indicator plus examples how to trade and additional bonus training to help you become successful using the EFC Indicator.

Is the EFC Indicator Available on MT5?

Yes the EFC is available on the MT5 right now. 

Is the EFC able to be traded on Crypto?

If you have a Trading Broker that supports crypto trading then you can use the EFC Indicator Crypto function, this has been one of our favorite ways for our customers to use the EFC indicator using it for Crypto Trading. 

Is the EFC Indicator accurate?

Yes the EFC is accurate, there are a lot of different ways that you can use to trade it, and each method you apply has a different accuracy level. There are so many variables it is not possible to say exactly how accurate it is. 

What are the EFC Trading Results? 

EFC Indicator Profitable tests show that if you use the right settings they can be successful. This must be combined with following good money management principles.

Here is an image of back test showing results of EFC-

We found that the EFC netted $2,577.29 on a $10,000 account over a 190 day period.

Is the EFC Indicator available on Tradingview?

Right now the EFC Indicator is only available on MT4 and MT5 trading platforms. We are currently looking at possibly adding to Tradingview and other platforms in the future but right now it is only for MT4

Is there an EFC Refund Guarantee?

Yes!

The TEAM  EFC Team Guarantee

“Our team has worked tirelessly on this system.  If you are not happy, we are not happy!  Our guarantee is that if you do not get the results you were hoping for, you can message our support team, and we will start working with you immediately to help you achieve the desired results.  To qualify for a refund, you must use the system to take and document a minimum of 30 trades which you will send to us for review. 

If you are still not satisfied with the results you have achieved, we will coach you, to tweak your entries for better results, in order to make sure that you are profitable.  If you find that you are still not satisfied with your results, after completing this process, you will be fully refunded.  We want you to be as committed to your success as we are!”

The EFC indicator is one of the best trading indicators you will find. If you have any questions at all about the tool feel free to ask us by sending an email to info@tradingstrategyguides.com or leaving a comment below!

Interested in the EFC indicator? Get it today by bundling with our fantastic trading community Forex Master Trader!