Trade the Hour
This is a No-Repaint indicator created for Binary Options, but can also be used for Forex trading.
Trade The Hour detects a strong trend. After that, it outputs a signal in trend direction.
The indicator is designed for H1 but can also be used with other timeframes.
The optimal timeframe depends on a currency pair and preferred trading time.
We recommend M30 or H1 timeframe.
- Timeframe: use another Timeframe for calculation the signals
- Expiry: Expiry of trades for WIN/Lost calculation. 0 – current timeframe.
- Signal: "immediately" = current bar, "only at new bar" = signal at new bar.
- next arrow in the same direction after XXX bars: wait XXX bars for a new signal in the same direction
- Trend_Indi: Default 14, first indicator parameter.
- Trend_Breaker: Default 6, second indicator parameter.
- Follow Trade if Lost: Simulate 0-5 follow trades, if the trade before is Lost.
- Allow Alert, Mail, Notification, Sound: 'true' – if there is a signal, an alert and/or a message is displayed.
- View Forex News: TRUE - show news in the chart
- Minutes before/after News: minutes before/after Forex News (default = current timeframe)
- consider Forex News for trading: Which news should be displayed
- TimeOffset Broker to Newssite: default = 0, indicator use GMT-time
- Typ of News in the Chart: show News as Event or as line
- View News text: FALSE - show description of the news
- View Results: TRUE - show results.
- Start Hour: Start hour for results.
- Stop Hour: Stop hour for results.
In order to be able to view the Forex News you have to read the Forex News with the script Read Forex News Archive (free).
Indicator now works perfectly together with our expert advisor "My Binary EA"
- next arrow in the same direction after XXX bars: The indicator waits with the next signal xxx bars
- revised Mail and Mobile Notification
indicator now compatible with our "All in one" EA
My Binary Option EA Fullversion
There are no signals from other charts visible.
The indicator is a "no-repaint-Indicator".
(Only if the indicator give you a signal at a new bar.)
If the signal is to immediately come, this signal is also kept in the current chart.
Only when you restart the chart, the signals are different.
For the following reason:
If at this second the signal is come, the market look differnet at the next second.
When you restart the chart only the complete bars are used to calculate, not every tick.