Market Condition Evaluation based on standard indicators in Metatrader 5 - page 7

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Sergey Golubev
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114384
Sergey Golubev  

This is possible settings #1 for this EA for EURUSD M5 timeframe. Settings (set file) with backtesting results are attached).

 

 

 

Sergey Golubev
Moderator
114384
Sergey Golubev  
It is just one variation of the settings. We can find more settings related to drawdown and profit factor etc using excel file optimization results (uploaded on this post inside zip archive).
Sergey Golubev
Moderator
114384
Sergey Golubev  

So, just to summarize few pages on this topic onto 1 comment:

1. Trend following

1.1. Primary trend
- Uptrend (bullish)
- Downtrend (bearish)

1.2. Secondary trend.
- Correction
- Bear Market Rally

2. Overbough/oversold ('top-and-bottom')

3. Breakout 

There are some more: flat (or non-trading market condition), and ranging market condition. Some people say that flat and ranging are part of secondary trend together with correction and bear market rally; the other people are talking about flat and ranging as separated market condition which can be under item #4 (flat) and item #5 (ranging). I think, the true may be the following: flat and ranging are the part of secondary trend under trend following. If yes so the resultant classification may be the following:

1. Trend following

1.1. Primary trend
- Uptrend (bullish)
- Downtrend (bearish)

1.2. Secondary trend.
- Correction
- Bear Market Rally
- Flat (non-trading)
- Ranging 

2. Overbough/oversold ('top-and-bottom')

3. Breakout 

Sergey Golubev
Moderator
114384
Sergey Golubev  

On the next few posts - I will provide some practical examples about how to estimate (and to predict) market condtion using Ichimoku indicator and some other indicators as well.  

Sergey Golubev
Moderator
114384
Sergey Golubev  

1. Trend following

1.1. Primary trend
- Uptrend (bullish)
- Downtrend (bearish)

1.2. Secondary trend.
- Correction
- Bear Market Rally
- Flat (non-trading)
- Ranging 

2. Overbough/oversold ('top-and-bottom')

3. Breakout 

It is very interesting situation going on for USDJPY for now:

 

For H4 timeframe. As we see - the price broke the borders of the cloud for bullish. For now - the price is trying to break 89.68 resistance line on close bar, and Chinkou Span line is trying to break the price on close bar too. If it will be done so we will have good uptrend breakout for USDJPY on H4 timeframe.

D1 timeframe - bullish as a primary trend and correction as secondary trend:

 

M1 timeframe. Price is trying to break 89.84 resistance line (possible buy stop order) for breakout. M5 timeframe for 72/144/288 Ichimoku - bullish started from today GMT morning. I just hope that it will be really interesting situation for USDJPY in the near future. 


Sergey Golubev
Moderator
114384
Sergey Golubev  

So, it was started (breakout). Slowly but started:

 

On the next few posts yesterday I will try to explain about how to estimate the market condition using AbsoluteStrength indicator and some other indicators incl standard indicators in MT5. By the way, this AbsoluteStrength indicator will be uploaded to MT5 Cadebase by author as a completely new version (see 3rd separated window on my images here with this indicator for example).

 

Sergey Golubev
Moderator
114384
Sergey Golubev  
newdigital:

So, it was started (breakout). Slowly but started:

 

On the next few posts yesterday I will try to explain about how to estimate the market condition using AbsoluteStrength indicator and some other indicators incl standard indicators in MT5. By the way, this AbsoluteStrength indicator will be uploaded to MT5 Cadebase by author as a completely new version (see 3rd separated window on my images here with this indicator for example).

 

Yes!!! It was breakout! +73 pips (4 difgit pips).

 

 

Sergey Golubev
Moderator
114384
Sergey Golubev  
newdigital:


1. Trend following

1.1. Primary trend
- Uptrend (bullish)
- Downtrend (bearish)

So, here we go :)

Bullish

 

To be more specific for example:

 

 

 

Sergey Golubev
Moderator
114384
Sergey Golubev  

newdigital: 

1. Trend following

1.1. Primary trend
- Uptrend (bullish)
- Downtrend (bearish)

Bearish

 

To be more specific for example:

 

More to follow ... 

khai hoan nguyen
221
khai hoan nguyen  

This template is very difficult to determine decision we should buy or should sell
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