Trade
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Simple Renko trading strategy is based on Renko charts combined with Stochastic and Moving Average. Simple Renko trading strategy is discussed on forexfactory.com in this thread. Input parameters Currency pairs: any. Time frame: Renko charts are used. Trading time: Any. Risk management: after calculation of stop-loss, choose such a volume of lot, that the risk was not more than 2-5% of deposit on one trade. Installing the Expert Advisor and the system template Unpack the archive with templates and indicators. Copy the Expert Advisor to the folder MQL4 -> experts. Copy the template into the templates folder. Restart the terminal. Open the chart of the required currency pair. Switch to the time frame M1. Activate the "Auto-Trading" mode. Attach RenkoLiveChart_v3.2...
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[info_block align="right"]Please note that the quality of quotes history varies from broker to broker, which can cause serious differences in the results of testing one EA on accounts from different brokers[/info_block] In the modern trading environment using EAs in trading does not look exotic anymore. Almost every day there are new free and paid trading robots, which impress with their profitability and a desire to make a quick profit. However, putting an Expert Advisor on your trading account without checking is a dubious venture that leads to "unexpected" losses in potential. Therefore, we recommend you to start testing your trading robot. All you need to know about how to test an Expert Advisor in the Strategy Tester of the MetaTrader 4 terminal...
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The CPR mtf signal indicator is based on one of the strongest patterns of the Price Action technique, namely the Closing Price Reversal pattern. The author of the indicator is the user of the forexsystemsru.com forum Crossluck. The pattern Closing Price Reversal signals about the price reversal and is usually found in the rapid movements of the quotes. The classic application of the pattern Closing Price Reversal implies entering the trade without confirmation with a stop loss order placed on the maximum (minimum) of the shadow of the signal candle. Nevertheless, the author of the indicator has implemented the mtf function that allows receiving confirmation of a trading signal from other timeframes. According to our experts, the CPR mtf signal indicator will be quite effective and profitable tool for traders.
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T3 Taotra MTF indicator, in fact, can be attributed to the trend indicator, because it is based on the search for price reversal points, based on the intersection of a fan of moving averages. The difference between the indicator T3 Taotra MTF from similar tools is the use instead of standard moving averages of six smoothed T3MA, in which the lag is removed, located not on the chart, but in the basement. In addition, the T3 Taotra MTF indicator has a multitemporal feature that allows you to track the price reversal on other available timeframes. According to our experts, the T3 Taotra MTF reversal indicator can serve as a basic indicator for creating a simple trend strategy. Download T3 Taotra MTF indicator Other popular...
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ZFXiSwap Information Indicator - a tool, which displays the following information on currency pairs in the basement of the price chart (there is an opportunity to configure the display of only necessary pairs): spread long swap short swap distance between High and Low levels for the day, week and month in points. In the opinion of our experts, the ZFXiSwap Indicator is a must have tool for every trader. Its use will allow you to plan trading operations more accurately and follow the rules of money management. Download ZFXiSwap Indicator Other popular indicators
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The 3 MA Cross with alert mtf arrow indicator is the latest modification of the popular signal indicator from the famous author of the mladen indicators. The 3 MA Cross with alert mtf indicator is based on the use of a fan of moving averages and their crossing, which is interpreted as a change in the trend. It should be noted that the arrow signal 3 MA Cross with alert mtf displays three types of signals: Arrow - crossing slow and fast moving averages; Rhombus - crossing slow and fast moving averages; Point - the intersection of medium and slow moving averages. The 3 MA Cross with alert mtf indicator has an added MTF function, which allows you to track the crossing of the...
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The Bladerunner trend trading strategy uses only one indicator - exponential moving average with a period of 20. The rest of the confirming signals are looked for on the price chart: candlestick patterns, circular levels, pivot points and support/resistance levels. You can also use other indicators if you wish, if you need more information. Input parameters Currency pairs: any. Time frame: any (the TF M5 will be considered in this article). Trading time: Any. Risk management: After calculation of stop-loss choose such a volume of lot, that the risk was not more than 2-5% of deposit per trade. Setting up the price chart Unpack the archive; Copy the template to the templates folder; Open the chart of the required currency pair; Install the template with the name Bladerunner....
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The IVJempol Arrow indicator is based on the standard indicator of the MetaTrader 4 platform Williams' Percent Range and was finalized by the users of forexsystemsr.com forum vaas04 and mobidik. The standard indicator WPR is similar to Stochastic and allows to find overbought and oversold zones, as well as price reversal points. The IVJempol Arrow indicator in the places of potential reversal shows an arrow of the corresponding color and direction. The IVJempol indicator is presented in two versions: an arrow and as a histogram. Our experts recommend using the IVJempol Arrow indicator as an independent source of trading signals only in combination with other indicators to filter out false signals. Download IVJempol Arrow Indicator Other Popular Indicators
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The ADMI arrow indicator was written by a user of the forexsystemsru.com forum with the nickname Crossluck and is based on the ADX indicator with filtered signals using a moving average. The strength of the trend is indicated in numbers: 0 - weak trend; 20 - medium trend; 40 - strong trend. The moving average filters the signals according to two conditions at once: slope over 2 bars; price above or below the moving average. The author claims that the ADMI arrow indicator gives signals at the very beginning of a candle, but sometimes there are delays up to half a bar. You can discuss this and other indicators of the author in this thread. Download ADMI Arrow Indicator Other popular indicators
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The Channel Buy Sell trading strategy is based on moving average envelopes and Magic Grail indicator. Input parameters Currency pairs: any. Time frame: M15 and higher. Trading hours: London, New York. Risk management: after calculation of stop-loss, select such a volume of lot, that the risk should not exceed 2-5% of deposit on one trade. Used indicators EMA (7, close, shift -1); EMA (6, open, shift -1); Magic grail 1.6 (main period 10, ADX 7); Envelopes ma (period 233, ma shift 3, deviation 1.44). Price chart settings Unpack the archive. Copy the template to the templates folder. Copy the indicators to the folder MQL4 -> indicators. Restart the terminal. Open the chart of the required currency pair.
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The VR Alert signal indicator is a simple but very effective tool that allows you to track the price crossing of predefined levels. VR Alert indicator consists of two horizontal lines below and above the current price and a vertical line to the right of the current candle. The indicator allows you to track: growth of price to a given level; fall of price to a given level; achievement of a given time level. When the price crosses one of the lines, the VR Alert indicator alerts the trader with an audio signal, a text message, and can also send a message to an e-mail and a smartphone. The convenience of VR Alert indicator is that the levels can be moved with the mouse (after double-clicking on the line). In the opinion of...
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The FDM Power trading strategy is a trend-following system, which is also suitable for swing trading. The work is based on moving averages with filtering by two oscillators. Input parameters Currency pairs: any. Time frame: M15 and higher. Trading hours: London, New York. Risk management: after calculation of stop-loss choose the volume of lot, so that the risk was not more than 2-5% of deposit per trade. Used indicators Moving average simple (5, open); Moving average simple (5, close); Moving average smoothed (12, close); Pivot alert; Good MACD (5, 26, 9); RSI filter three color (buy = green, flat = yellow, sell = red). Customize the price chart Unpack the archive. The pattern...
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BTF Source level indicator is a tool that displays Open, Close, High and Low levels on the price chart of the currency pair. However, the BTF Source indicator has some significant differences from similar indicators such as OHLC: first, the BTF Source indicator displays not only daily levels, but also candlesticks from all available timeframes. It means that trading on М5, you can draw candlestick levels from H4 timeframe to the chart. Secondly, the BTF Source indicator can be configured to display the levels of the current candle as well as the previous one. According to our experts, the indicator of levels BTF Source will greatly expand the range of application of breakthrough trading strategies, increasing their effectiveness. Download the indicator...
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Quantum super channel trading strategy is based on the principle of trading in the channel with the use of oscillator signals to confirm signals. It is optimal to use the strategy for intraday trading on small timeframes M5 and M15. It is recommended to choose currency pairs with a smoother motion, without sharp jumps. Input parameters Currency pairs: any. Time frame: M5, M15. Trading hours: London, New York. Risk management: after calculation of a stop-loss, select such a volume of the lot, that the risk was no more than 2-5% of the deposit on one transaction. Used indicators Quantum super channel; Ema Neural; Super Trader trend; Stochastic oscillator (11, 3, 3); MTF Stochastic (11, 3, 3). Customize the price chart Unpack the archive. Copy the template...
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TDI smoothed alerts indicator is a modification of the popular Traders Dynamic Index indicator. Like classic indicators, TDI smoothed alerts is a combination of RSI, Moving Average and Bollinger bands indicators. TDI smoothed alerts allows you to change the RSI smoothed method in three ways: 0 - rsi 1 - wilder rsi 2 - rsx2 3 - cuttler rsi Additionally, TDI smoothed alerts has MTF function, which allows you to receive signals from a specified timeframe. Also the TDI smoothed alerts indicator has a system of alerts: arrows indicating turning points, text and sound alerts, as well as sending...
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The IBFX-CPR M3 candlestick pattern indicator is a comprehensive indicator that determines the candlestick pattern at the current time. When determining the pattern, the IBFX-CPR M3 indicator displays the appropriate icon on the chart, as well as gives recommendations for entering the trade: entry area, recommended stop-loss and take-profit levels. It is worth noting that the candlestick patterns indicator IBFX-CPR M3 determines not only on the current, but also on all available timeframes. The indicator also has an extended range of parameters that allows you to include only the necessary patterns and timeframes, as well as entry levels and signals when new patterns appear. Our experts recommend using the IBFX-CPR M3 candlestick patterns indicator as an auxiliary...
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FreeNumFractals indicator is a technical tool, which allows drawing fractals of any dimension on the price chart of a currency pair. At the same time, the FreeNumFractals indicator settings allow to set the required dimensions not only for the upper and lower fractals separately, but also for the number of bars separately to the right and separately to the left of the central point of the fractal. According to our experts, the flexibility of parameters of the FreeNumFractals indicator allows you to adjust it according to trader's preferences and use it effectively in trend trading strategies. Download FreeNumFractals Indicator Other Popular Indicators
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The essence of the WeeklyDaily trading strategy is to search for reversal candlestick patterns in certain price zones. The price zones are searched on the basis of the weekly timeframe. Reversal patterns are looked for on the daily or, at most, on the four-hour charts (in case there is no signal on the daily timeframe), when the price has entered a previously calculated zone. The trading strategy is discussed at forexfactory.com in this thread. The principle of finding the key price zones In the beginning, we mark the key support/resistance levels on the weekly candlesticks with a long body. The long body is a relative concept, but it should be at least bigger than the bodies of the previous two candlesticks (the bigger the better). The calculation of the body takes into account only...
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The Bheurekso pattern indicator finds candlestick patterns on the price chart of a currency pair and signs them. Please note that the indicator also has a built in signal function - not only the name of the candlestick pattern is plotted on the chart, but also the trading signal that this pattern gives. According to our experts, the basic rule of candlestick analysis is applicable to the signal indicator Bheurekso pattern - the older is the timeframe, the lower is the probability that the pattern will be false. Naturally, the Bheurekso pattern candlestick indicator should not be considered as an independent signal source, so we recommend using it on higher timeframes as a source of confirmation signals. Download Bheurekso pattern indicator Other popular indicators
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The Buttons indicator is rather a utility that duplicates the tabs of currency pairs and buttons of the functional panel of the MetaTrader 4 trading terminal with the choice of the timeframe on the price chart of the currency pair. According to our experts, the Buttons indicator, despite its simplicity, will simplify your trading on the foreign exchange market and make it more comfortable. Download Buttons indicator Other popular indicators
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