Trade
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Self Adjusting RSI indicator is a modification of one of the most popular RSI oscillators, which implements self-correcting overbought and oversold levels. Self Adjusting RSI corrects the width of oversold and oversold bands using two different algorithms: if the MA-Method is set to true, the lines are calculated according to the algorithm based on the moving average; if the MA-Method is set to false, an alternative algorithm will be used based on the standard deviation. According to fortrader.org experts, the advantage of this approach is that it can be applied to several market conditions without considering the calculation period. Such standardization facilitates the use of the Self Adjusting RSI indicator in multiframe analysis....
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Simple Chart Navigation indicator was developed at forexfactory.com and Russified by a user of forexsystemsru.com forum, Poruchik. Simple Chart Navigation indicator is, most likely, a widget, with which you can easily navigate through the price chart. The principle of the Simple Chart Navigation indicator is simple. In the window, choose the required currency pair, timeframe, date and time, press "Jump" and the indicator shows the desired location on the chart with a vertical line. According to the experts of fortrader.org, the information indicator Simple Chart Navigation will greatly simplify the analysis of historical data when planning your trades. Download Simple Chart Navigation Indicator Other Information Indicators
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This trading strategy is based on the "Three Wise Men" strategy presented in the second edition of "Trading Chaos" by Bill Williams. The strategy is discussed at forexfactory.com in this thread. Input parameters Currency pairs: any. Time frame: Any. Trading time: Any. Risk management: After calculation of stop-loss, choose such a volume of a lot, so that the risk was not more than 2-5% of the deposit on one transaction. Installing the Strategy Template Unpack the archive with the template. Copy the template into the templates folder. Open the chart of the desired currency pair. Install the template named Three Wise Men. The chart should look like this: Terms and Definitions A Bullish Divergent Bar (BUDB) is a bar with the minimum value of the candlestick.
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NeelyElliotWave indicator is a graphical representation of the new approach to Elliott Wave Theory analysis, which is described in Glenn Neely's book "Mastering Elliot Wave" and is called the Neely method. Neely's method is based on the concept of a monowave, which represents a simple price movement before the change of direction. Monowaves can be identified by plotting the price maximums and minimums for the selected period in order of appearance at the beginning and center of the time interval. the NeelyElliotWave indicator plots four monowaves on the price chart based on data from different time periods: Monthly (blue-purple by default) Weekly (green by default). Daily (blue by default). 6-hour periods (default is blue...
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EFI indicator (Elder's Force Index) is used to determine the strength of the trend and was developed by the famous trader Alexander Elder. EFI indicator takes into account the opening and closing prices, as well as the tick volume for a certain period of time. The results are shown on the Elder's Force Index histogram, which is plotted along the zero line. When the histogram of EFI indicator is above the zero level and/or reaches a new height, it indicates the superiority of "bulls" and the continuation of the uptrend. It is possible to look for points of opening buy positions. If the histogram of Elder's Force Index indicator falls to a new depth and appears below the zero level, it indicates the strength of the "bears" and the preservation of the downtrend. It should...
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Multicurrency trend trading strategy based on the NonLagDot indicator involves trading a basket of 12 currencies. Multicurrency strategies are considered safer and allow to smooth out the yield curve in the long run and avoid large drawdowns. Even if some of the currencies in the basket are flat, the rest will be able to put you in the black or at least in the black. The strategy is discussed at forexfactory.com in this thread. Input parameters Currency pairs: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CHF, USD/JPY, EUR/JPY, GBP/JPY, CHF/JPY, AUD/JPY, NZD/JPY, EUR/NZD. Timeframe: the article focuses on short term trading (M30), but you can adapt the strategy to any timeframe. Trading time: Any time. Risk management: choose a stop loss calculation.
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RSI 2 TimeFrames indicator is a complex oscillator, which displays two RSI indicators in the basement window of the chart, one of which is based on the current timeframe readings, the second - displays data from the timeframe, set by the trader. According to experts of fortrader.org, the use of the RSI 2 TimeFrames indicator instead of the standard oscillator will allow more accurate determining of trend reversal points and correction start levels. Download RSI 2 TimeFrames Indicator Other Oscillators
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The Trade Info indicator displays in the basement window of the price chart the most important information about the trading account, currency pair specifications and open and closed positions. The Trade Info indicator provides the following information: current account information (balance, funds, free margin); current spread, current drawdown, planned profit, possible loss, etc. the number of open positions, volume, profit; today and yesterday's price range; maximum daily drawdown; time left till the next candle; profit information for the previous day; allowed volume of opened positions, taking into account already opened deals; daily and monthly average profit. According to fortrader.org experts, the advantage of Trade Info information indicator is a conclusion of really necessary...
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Directed Movement indicator is a modification of the standard RSI oscillator, to which a double smoothing is applied. The Directed Movement indicator represents two lines, the crossing of which in the overbought and oversold zones corresponds to buy and sell signals. According to experts of fortrader.org magazine, the Directed Movement indicator is not recommended for use as an independent source of trading signals. Its signals should be necessarily checked with other indicators, because false signals are possible during strong trends. Additionally, the Directed Movement indicator can add a signal of crossover lines, by leaving an application in the theme "Refinement of bots (Expert Advisors, indicators)" of the forexsystemsru forum. Download Directed Movement indicator Other popular oscillators
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Gann levels indicator greatly simplifies the calculation of support and resistance levels when trading by trend. In the thirties of the twentieth century, the American investor and trader Gann, trading on the stock exchange, revealed very interesting patterns that appear in the movement of prices. Based on mathematical calculations, he came to the conclusion that a 45 degree angle (or one-to-one angle) is an important support for an uptrend and resistance for a downtrend. Thus, if the price falls below the 45 degree angle there is a downward trend, if the price goes up at an angle of more than 45 degrees there is an uptrend in the market. According to experts.
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This trading strategy is based on charts consisting of Range bars, Ishimoku indicator and Bill Williams Awesome Oscillator and is used for trend trading. The trading strategy implies two ways of opening positions: aggressive and conservative. Practical description and discussion of trading by the strategy is available at forexfactory.com in this thread. Input parameters Currency pairs: any Timeframe: use charts based on Range bars Trading time: any Risk management: after calculating the stop-loss, select a volume of the lot, so that the risk was not more than 2-5% of the deposit per transaction Setting up the price chart Unpack the archive. Copy the Expert Advisor to the folder MQL4 -> experts. Copy the indicators to the folder...
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The Profit Sunrise signal indicator is designed for binary options trading as well as regular trading. According to the authors, the Profit Sunrise indicator runs on an innovative algorithm and uses a sophisticated noise filter that allows it to generate accurate signals for entry without re-rendering. Again, the authors claim that the Profit Sunrise indicator produced 91% profitable trades over 11 months when trading on six currency pairs. The Profit Sunrise indicator provides entry signals in the form of arrows of the appropriate color and direction. In addition, the Profit Sunrise indicator implements audio and text alerts. According to experts of fortrader.org, the signal indicator Profit Sunrise requires the most thorough testing on a demo account, as well as on a...
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The Advanced TD REI indicator is an oscillator reminiscent of the standard Stochastic, and displays the Demark Range Expansion Index. Demark himself formulated the following rules for the use of Advanced TD REI indicator: if the reading exceeds 60 and then falls below that level, it indicates a weak market, while if the indicator falls below - 60 and then begins to rise above that level, it indicates that the market is gaining strength. According to experts from fortrader.org, the Advanced TD REI indicator can be used in combination with a trend indicator to determine trend reversal points and trade entry levels. Download Advanced TD REI Indicator Other popular oscillators
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The trading strategy Trend Trading with Fibonacci & RSI is based on the principle of identifying the C wave, which, according to the classical wave analysis, is the longest in the three-wave ABC structure. You can discuss the strategy on forexfactory.com in this thread. Determination of the beginning and the end of the first impulse wave At first we must determine the beginning and the end of the first (impulse) wave A. The oscillator RSI(14) will help us with this. If the oscillator breaks through the level of 70, it means that we have begun an upward trend with a new impulse wave. If the oscillator broke through the level of 30, the situation is opposite. The downward trend has begun. An additional criterion for the end of the A wave can be the divergence. After the formation of the first impulse wave, there is a price pullback and...
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The ACB Inside Bar Arrow Pattern Indicator is a technical indicator that determines market entry points by means of the Price Action Inside Bar pattern. As you know, the Inside Bar pattern is an indication that the price is "exhausted" and is preparing for a breakout. The ACB Inside Bar Arrow Indicator identifies inside bars and indicates possible market entry points. In addition, the ACB Inside Bar indicator is equipped with an alert system for the detection of the Inside Bar pattern. The experts of the fortrader.org magazine pay attention that trading on the arrow indicator of the ACB Inside Bar patterns involves the use of pending orders, which are placed near the maximums and minimums of the pattern found by the indicator. Download ACB Inside Bar Arrow Pattern Indicator Other...
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The arrow indicator Forex invincible signal is a horizontal channel of support and resistance levels. The signal for entering the market appears in the form of an arrow of the corresponding color in case of rebound from the channel border or its breakdown. In addition to arrows, the Forex invincible signal indicator displays a text message on the signal, as well as information about the trading account. The authors of the indicator claim that its yield is 150-200% per month, the best timeframe for its use - H1, however, according to the experts of fortrader.org, the arrow indicator Forex invincible signal should be tested on a demo account most thoroughly, as the indicator parameters do not provide any explanation of the principle of its operation. Download the arrow indicator...
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The C4 Nitro Arrow Indicator is a combined technical indicator which gives signals in the form of arrows, based on the readings of three indicators: Trix Moving Average Momentum In addition, a signal window is displayed in the corner of the price chart, which displays the current price, spread, stylized readings of each of the three indicators, as well as recommendations for entering the trade. According to traders' observations, the arrow indicating the entrance to the trade appears later than the recommendation to enter in the signal window. The experts of fortrader.org recommend opening a deal when the signal appears in the window, without waiting for the arrow to confirm. Naturally, the arrow indicator C4 Nitro is recommended to use in conjunction with other indicators to avoid...
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DailyGoOnGraph levels indicator is an indicator that displays on the price chart of the currency pair a possible daily price range, which is calculated based on the volatility of the period set by the trader. The DailyGoOnGraph indicator draws a range consisting of six lines: Dotted lines - the average range; Blue lines - the range representing 75% of the maximum; Red lines - the range representing 95% of the maximum. At the same time, you can change the depth of history, on which the estimated price range is calculated. According to fortrader.org experts, in spite of its simplicity, the DailyGoOnGraph levels indicator will significantly improve efficiency when planning intraday trading. Download DailyGoOnGraph Indicator Other Level Indicators
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Almo Trading strategy is designed for active trading at cross-rates and is built using several indicators, which mutually confirm each other's signals. The strategy is developed by the users of forexfactory.com, you can join the discussion here. Input parameters Currency pairs: EURNZD, EURAUD, GBPJPY, GBPAUD, GBPNZD, GBPCAD. Time frame: M5, M1 Trading hours: European session (until the close of London). 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. Installing the Indicators and Strategy Template Unpack the archive with the templates and indicators. Copy the indicators to the MQL4 folder -> indicators. Copy the templates into the templates folder. Restart the terminal. Open the chart of the required currency pair. Install...
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Super Point Signal Indicator, according to the author, the indicator is focused on binary options trading, however, it can also be successfully used in normal trading. The Super Point Signal Indicator marks with points of the corresponding color the points of a potential price reversal, which are not re-drawn. Additionally, the Super Point Signal indicator displays a text message when a signal appears and sends the signal to e-mail. Of course, before trading on a real deposit, the experts of fortrader.org recommend testing the Super Point Signal indicator on a demo account. The principle of action of the indicator is unknown. When trading on a demo account, we recommend using its signals only in the direction of the trend. Download the Super Point Signal Indicator Other arrow and signal indicators...
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