Forum on trading, automated trading systems and testing trading
Sergey Golubev, 2017.04.17 20:05
Just to remind about interesting indicator: FivePattern
- indicator for MetaTrader 5
This is the indicator to show М & W Wave Patterns by Merrill and support/resistance levels.
===============About Merill Patterns:This is Merrill's patterns for downtrend:
Merrill's patterns for uptrend:
And this is some other patterns:
Good article was published -
Strategy builder based on Merill patterns
In the previous article, we considered application of Merill patterns to
various data, such as to a price value on a currency symbol chart and values of standard MetaTrader 5 indicators: ATR, WPR, CCI, RSI,
among others. A graphical interface was developed to explore this idea. The main purpose of the interface is to test and find efficient
pattern use methods. Further, the found successful configurations should be built into trading strategies and tested. In this
article, we will develop a basic toolkit for building trading strategies and testing them.
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