- www.mql5.com
- Indicators: Indicator of Support Line
- Must an EA trade to become signal provider?
- Indicators: Idicator of Resistance Line
If i want to use combination of indicators to build an EA. Which Indicator(s) do you think is very good to use for take profit level.
1. Levels of Bolinger band.
2. Maybe you don't need a TP, just close that position when opening new opposite position.
Just an idea.
AFR is my favourite because you can set so the Period is fixed say 14 Default/ But you cna change the multiplier e.g. 1 x ATR or 2 x ATR etc. and it is also based on the current volatility of the pair you are trading.
- MA Channel
- Fibo
- Ichimoku
- support and resistance
- EMA as trailing stop
- BrainTrading or Brainwashing, or any ATR related
I don't hav problem to spot the entrance of market but the exist point is always the problem. I have used many indicator mentioned here but they are not really good for spoting TP level. My advice it to use TP and SL and not to be so greedy so that you won't lost all your investment.
Thanks
I don't hav problem to spot the entrance of market but the exist point is always the problem. I have used many indicator mentioned here but they are not really good for spoting TP level. My advice it to use TP and SL and not to be so greedy so that you won't lost all your investment.
Thanks
I agree with you.
If an indicator is used for take profit level or to close trade when with opposite signal, at times, you might started to lost the trade before the indicator gives opposite signal.
- www.mql5.com
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use