Okay :) here's one in the spirit of not having defined SL and TP values!
I use the difference between 2 moving averages just after they cross, to make sure the cross have good momentum.
So if I subtract the slow MA to the fast MA, on the 4 hour chart I get let's say 150 points.
The same equation on a cross (that appears the same visually) on the 1 hour TF, I get 40 points.
Of course! A candle on the 4h TF contains way more points than one on the 1h TF.
I feel the answer lies in fractions but I'm not sure how?
Like, the difference divided by the price of the slow MA which would give a percentage?
or does it lies in standard deviations?
Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations.
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The indicator consists of the two parts – entry system displayed on the chart and currency power analyzer.
The analyzer can take on values from 0 to 3:
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Trade in the opposite directions with HedgeTerminalApi library!
HedgeTerminalApi is a program interface allowing you to use HedgeTerminal virtualization technologies in your robots and scripts. With HedgeTerminalApi, you are able to trade in the opposite directions when two or more trading algorithms occupy opposite positions on a single symbol. The library allows robots to track their positions even if these positions overlap entirely or partially. Moreover, with this library, you are able to
This is a convenient tool for measuring the number of points between prices. It support magnetizing to OHLC prices. Calculates profit considering specified lot size and spread (optionally). It counts the number of bars between specified point and the time difference between them. Calculates the slope angle from the horizontal position. Unneeded parameters can be hidden. It does not occupy much space when inactive.
Once you add the indicator on the chart, Ruler caption will appear (according to
IShift Lite is a lite version of IShift, and it doesn't include the tick chart.
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Virtual TrailingStop is an Expert Advisor that manages trailing stop without sending its information to the broker server.
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The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
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The script creates account summary report in a separate window.
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The trade strategy is based on three moving averages. To determine the trend, it uses three exponentially smoothed moving averages: FastEMA, MediumEMA and SlowEMA.
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Robust median renko style indicator for creating custom charts resembling median renko, mean renko, turbo renko and better renko candles as well as vanilla renko with wicks plus PointO charts. This all in one package provides all of the signals needed by day traders, scalpers and even long term traders.
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The Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
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Exp COPYLOT CLIENT for MT5 is a copier for the МetaТrader 5 platform. It copies forex trades from any accounts. Including those from terminals МТ5 and МТ4.
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We present you an effective software solution for arbitrage between brokers.
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Here is the product, which truly reveals all the computing and graphical capabilities of the MetaTrader terminal.
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The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
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The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The program also takes the news calendar into account: the robot does not enter the market in a 10-minute interval before and after a news rel
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
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What is Squeeze?
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When Bollinger bands leave Keltner Channel it means markets switching from a low volatility to high volatility and high volatility are something all traders are looking for.
What I was missing in some indicators is possibility of monitoring many
The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency.
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The indicator is based on the digital window-sinc filter with an excellent frequency division. Due to this property you can get a very smooth indicator line.
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The indicator generates early signals basing on ADX reading data combined with elements of price patterns.
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A script for opening a grid of orders
If you need to quickly open several pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) on a certain distance from the current price, this script will do all the routine for you! Allow AutoTrading before running the script.
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This is a classical trading strategy, which falls into the category of breakout systems. They form support and resistance levels, which temporarily limit further price movement. When the price breaks down the support level or breaks up the resistance level, there emerges a strong momentum in the breakout direction, which allows to make profit on strong price movements with moderate risk.
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This is an open interest indicator for MetaTrader 5. It fixes open interest value once per minute and writes it to the file (on your PC). The product works on any timeframe but only with exchange instruments.
As already said, MA is important as it is transformation of Price Action into a continuous function.
But now stop and think. What does MA present? And what would cross of two different MAs present?
And then, what does difference between 2 MAs present? Is it momentum?
And then lets go one step back: what do you actually want to achieve? And how?
How good are you with mathematics? Well, you should know at least the basics of (EDIT: calculus) infinitesimal accounting (pardon my french, I've learned maths in my mother tongue so this is just a direct translation, it might be called different in english).
So let's take H1 TF for presentation, for calculation you will of course take M1 TF.
Lets say we are interested in e.g. daily and weekly PA trends. So we choose SMA 24 and SMA 120 in case we have a 5 candles week.
Now we will take first derivative of SMAs and see what we got. You know of course, what first derivative of function represents? :)
After looking at the graph you should realize:
1) MA value itself carries 0 information
2) Cross is completely irrelevant
3) MA inclination and inflection points are important (derivative value)
4) trends are important
5) MA derivatives carry trend information as it is of course inclination value of the MA curve
Besides this, are you familiar with stochastic concepts like unpredictability and uniqueness of every moment? :)
Take a look at Elliot wave theory before going on, think about trends, about support & resistance, about achieving high RRR, about true source of information (PA and fundamental values of currencies), what are you trying to achieve and who else is involved here...
You will need some time to contemplate all this, measured in months/years.