Trade
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The IchimokuSuppResMTF levels indicator displays support and resistance levels built using the Ishimoku indicator on the price chart. Support and resistance levels are built according to the data of three higher timeframes, the values of which can be specified in the parameters of the indicator. Line color and style can be customized for each timeframe. When you put the cursor on the line, a tooltip with information about the line appears. According to experts of fortrader.org, the IchimokuSuppResMTF levels indicator will be useful for analyzing price charts and planning trading, as well as an element of breakout strategies. Download IchimokuSuppResMTF levels indicator Other modifications of the Ishimoku indicator
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The iCrossAD signal indicator shows possible reversals or pullbacks of the price movement. It is based on the intersection of the A/D line with the trend line plotted using the extremums of the A/D indicator. One CCI indicator filter is added to filter the signals. If the trend line plotted in the A/D indicator chart is crossed by the indicator line, the price will most likely soon cross the trend line plotted in the price chart as well. Thus, after receiving a signal from this indicator, one can expect a reversal or pullback of the price movement. The experts of fortrader.org note that the iCrossAD signal indicator only shows the arrows at the breakdown of the trend line. The decision to buy or sell should be made separately, for example - to analyze...
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The EATA Arrow indicator is calculated using RSI and CCI indicators. The fast RSI indicator is used instead of the usual RSI indicator. The difference is that the regular RSI oscillator calculates its value using the exponential method, and the fast one uses a simple ratio. The intersection of red and blue lines of the indicator are signals to buy or sell. For the trader's convenience, the indicator also displays buy and sell signals in the form of green and red arrows. The green arrow is a signal to buy and the red one is a signal to sell. EATA arrow indicator settings: CCI_per (default = 14) - period of CCI indicator calculation; RSI_per (default = 14) - period of...
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The Market Scanner System trade strategy combines graphical constructions designed to identify the trend and standard indicators used as filters. The system is suitable for binary options trading as well as for normal scalping and intraday trading. Input parameters Currency pairs: any. Time frame: M15 and up. Option duration: 2-4 candles. Trading time: Any. Risk management: choose the option volume so the risk is no more than 2-5% of a single trade. Used indicators Aussy Auto-trend-line optional Market Watch Binary options trigger Market Scanner price chart setup Unpack archive. Copy the template to the templates folder. Copy the indicators to the folder MQL4 -> indicators. Restart your terminal. Open...
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The Reverse Envelope Arrow indicator is a signal modification of the Envelope channel indicator, which implies trading on rebound from its channel borders. Reverse Envelope indicator marks signals for entering in the form of arrows of appropriate color and direction. Additionally, the indicator is capable of displaying a text alert when a signal appears. Considering the features of the original indicator, the fortrader.org experts believe that the Reverse Envelope Arrow Indicator is more suitable for trading on low timeframes and its signals should be filtered with other indicators. Download Reverse Envelope Arrow Indicator Other Arrow and Signal Indicators
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The Hook Reversal indicator is developed by the user of forexsystemsru.com forum with the nickname Crossluck and is based on the search of internal bars, which are identified as the points of possible price reversal. The Hook Reversal indicator is discussed in this thread. What is a reversal on an inside bar? Criteria for a signal bar in an up trend: The bar must open near the maximum Closing must be near the minimum of the bar The bar must have a lower maximum and a higher minimum compared to the previous bar (i.e. the bar must not go out of the previous bar range) Criteria for a signal bar in a down trend: The opening must be near the minimum of the bar Closing must be near the maximum...
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The EsikeA++ trend trading strategy is based on the principle of two screens and has quite simple rules. The strategy is discussed at forexfactory.com in this thread. Input parameters Currency pairs: EUR/USD and GBP/USD are considered in this article, but you can trade other currency pairs as well. Timeframe: the article covers the H1/M5 timeframe pair, but any other TF combination (e.g. H1/M15) is possible. Trading hours: first three hours after the opening of the London or New York Stock Exchange. Risk management: After calculating the stop-loss, select such a volume of the lot that the risk should not exceed 2% of the deposit per trade. Setting up the price chart Unpack the archive; Copy the templates to the templates folder; Copy the indicators to the...
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The Engulfing indicator will be useful for traders whose trading is based on the use of candlestick analysis. The Engulfing indicator finds the "Takeover" candlestick patterns on the price chart and, depending on the nature of the pattern (bullish or bearish takeover), gives a signal to enter in the form of arrows of the corresponding color and direction. In addition, the Engulfing indicator has a system of sound and text alerts. The author of the indicator claims that the Engulfing indicator gives exact signals on all timeframes. However, the experts of fortrader.org think that the indicator should be used on higher timeframes, beginning with H4, because the older is the timeframe used, the more accurate will be the signals of candlestick patterns. Download the Engulfing Indicator Other...
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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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