Session Ranges Finder
Hi traders ! I hope you are well today !
I'm pretty happy to present you my new indicator !
Who will find and draw on the chart the ranges based on openning hours of the different market places in the world !
Why you should have this indicator ?
- Stop losing your time waiting for the great opportunity in front of your screen and start enjoying your life ! The indicator will send a notification to your mobile phone so you can do anything else waiting for the opportunity.
- It's 100% customizable, you can remove the zone you don't want, change the hours and the ranges even the colors are up to you !
- What are you waiting for ? Start make some profit out of the market right now !
What time frame should I use ?
Please note than this indicator work best in 5/15M Time frame. But could be used any Time Frame
How to define your entry ?
Don't worry at all the indicator will send you a message each time a canddle fully pop outside the range. (He can send you a notification on your phone if you connect it with Mt5)
How to define your stopLoss
I usualy use the other side of the range (The High if i'm in a sell trade, The Low if i'm in a buy trade)
But I found out than it's better to put it twice the distance and wait a canddle to close under your stoploss to close the position, it avoid fake stop loss who usaualy occur.
How to define your TP1
Simply using the size of the range :
Tp1 = Entry + Size Of The Range
Tp2 = Tp1 = Entry + Size Of The Range * 2
As soon as you touch the Tp1 you put the stop loss at your entry price to avoid risk.
You can use a trailing instead of Tp2 depend on you.
Last advice :
I recommend you use bigger timeframe to establish a long time trend and only take position in this direction.
Have fun and make huge profit !
Sacha, your humble servant