Arrow indicator Stop reversal bluestops + alerts mod: trend trading on volatile pairs
Arrow indicator Stop reversal bluestops + alerts mod - is a signal indicator, which displays on the price chart entry points and order placement levels stop loss.
Position opening levels are displayed as arrows of the appropriate color. The Stop reversal bluestops + alerts mod indicator signals are not redrawn. The signal for closing a position is the appearance of an arrow of the opposite direction.
It is possible to set the stop-loss level either at a given distance or based on the calculation of the volatility level.
The indicator duplicates graphical signals with sound, text message and e-mail.
According to the experts at fortrader.org, arrow indicator Stop reversal bluestops + alerts mod should be used on pairs with high volatility and only in trading on trendbecause it will give false signals in the flat.
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The indicator draws unfortunately... And the arrows move along with the candles.
I also wrote an Expert Advisor for this indicator. I lost everything. Opening on the signal. Closing by reverse signal. This is what it turns out.
Unfortunately, the strategy: to close a position and open a new one on the opposite signal does not work because of the lag of trend indicators, which give trend signals in the form of arrows or other objects. In my EA this function is implemented, but it is turned off for the above mentioned reason. Maybe on larger timeframes this strategy will work, but it needs to go through a bunch of indicators and check them all in real time, and it will take a lot of time.