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PA Trend Reversal

Price action is among the most popular trading concepts. A trader who knows how to use price action the right way can often improve his performance and his way of looking at charts significantly. However, there are still a lot of misunderstandings and half-truths circulating that confuse traders and set them up for failure.

Using PA Trend Reversal will be possible to identify high probability exhaustion moves of a trend.

⚠️ AVOID NEWS AND SPEECHES - most of the bad signals are during the news/speeches.


I suggest you using this on EURJPY M5 with Martingale Step1.

*Candles for Calculation = 2;

*Minimum body size of the previous candle (points) = 15;



Features

  • The indicator gives alerts in real-time when the conditions are met.
  • Round Number Filter (this is the basic price action).
  • Volume Filter

Inputs

  • Candles for calculation - How many candles do you want  for the price action calculation.
  • Maximum size of wick for current candle (use in points)
    *Candles that have no wicks in the direction of the trend are the perfect trade but you can add a small wick like 10-30 points.
  • Minimum body size of the current candle   -Candles with big body size are recommended.
  • Minimum body size of the previous candle -If the previous candle is smaller than XX points the signal is not valid. The bigger is the previous candle the better will be the signal.
  • Candles to calculate high/low. Use this settings when you don't want to trade the signals on a flat market.
    You can select the number of candles to look back and find the lowest/highest price.
    Then you can get signals only at a distance of that lowest/highest price for the selected number of candles
  • Filter signal with Volume. Filter the signals.


*I recommend:

Big previous candle.

No breakout tries before the signal.


Strategy Trend Reversal Signals for Binary Options (Timeframe recommended: 5-15MIN)

  • Alert comes in and the current candle is near a support/resistance or a RN (Round Number).
  • Check the support/resistance line to see if it's a breakout.
  • You enter with 5 seconds before the current candle closes.
  • DO NOT trade during news.

Strategy Trend Reversal Signals For Forex (Timeframe recommend: 1H-4H)

  • Alert comes in and the current candle is near a round number. If the candle close breaking out the round number or support/resistance, you can enter but with small lot.
  • Check the round number or support/resistance line to see if it's a breakout.
  • DO NOT trade during news.


How to maximize the profit ?


Use the indicator with these inputs:

Candles for calculation = 5

Use the volume filter - JustVolumeSignals

TF - M5

Will be less signals but more accurate. especially on Binary Options.

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Best and worst Dashboard was born from the idea to have a panel that includes all the symbols in a chart. It is very importance to understand which symbols are both positive and negative. In the past, we realized the single indicator Best and Worst ( https://www.mql5.com/en/market/product/11784 ), now thanks to the upgrading of the Metatrader the dashboard displays all the instruments simultaneously. A great revolution. This Dashboard is able to calculate performance at any time frame and clicki
100 USD
Magic Tornado
Tuan Anh Dao
*** WARRANTY POWERFULL *** The indicator allows you to trade binary options. The recommended time frame is М1 and the expiration time is 2,3 minutes. The indicator suitable for Auto and Manual trading. A possible signal is specified as a arrows above/under a candle. You can entry current or new candle Arrows are not re-painted Trade sessions: US section Currency pairs: Any Working time frame: M1 Expiration time: 2,3,4,5 (depend on pair) With auto trading with Bot, buffer 1: call, buffer 0 : p
400 USD
Magic Typhoon
Tuan Anh Dao
*** WARRANTY POWERFULL*** The indicator allows you to trade binary options. The recommended time frame is М1 and the expiration time is 1,2 minutes. The indicator suitable for Auto and Manual trading. A possible signal is specified as a arrows above/under a candle. You should wait until the candle closes! Arrows are not re-painted Trade sessions: US section Currency pairs: Any Working time frame: M1 Expiration time: 1,2,3,4,5 (depend on pair-contact for get detail advise) With auto trading wi
400 USD
TrueSR Multi TF Support and Resistance for MT4
Behzad Movaghar
TrueSR indicator is a multi-timeframe panel and alert that finds nested support and resistance zones for all timeframes and gives alert when price has interaction with those zones. If you are using support and resistance (or supply and demand) zones in your trading strategy, this indicator and its alert and filtering system is a big time saver for you. Also doesn't matter what is your trading strategy, this indicator helps you to not caught in support and resistance zones. Indicator shows if pri
120 USD
Auswahl:
robson1000
123
robson1000 2020.07.05 00:52 
 

the ps trend reversal is not working ... there was no signal operating with 20 currency pairs, after 02 days

Antwort auf eine Rezension
Version 4.0 2020.10.17
Code cleaned
Increased performance
Version 3.0 2019.01.10
Integrated the volume filter into the indicator code.
Version 2.0 2018.11.26
Added Round Number Filter
Added Volume Filter
Added Support Resistance lines.
Version 1.2 2018.10.02
We have added some new option to filter the signals.

Maximum size of wick for current candle (use in points)
*Candles that have no wicks are the perfect trade but you can add a small wick like 10-30 points.
Minimum body size of the current candle
*Candles with big body size are recommended.
Minimum body size of the previous candle
*If the previous candle is smaller than XX points the signal is not valid. The bigger is the previous candle the better will be the signal.

**Trend Filter Settings**
Points distance from the high/low
Candles to calculate high/low.
Use this settings when you don't want to trade the signals on a flat market.
You can select the number of candles to look back and find the lowest/highest price.
Then you can get signals only at a distance of that lowest/highest price for the selected number of candles.