Correct Entry mt5
The demo version of the indicator (https://www.mql5.com/en/market/product/13402) does not display data on last 25 bars but is perfect for testing.
The Correct Entry indicator displays specific relatively correct points of potential market entries on the chart. It is based on the hypothesis of the non-linearity of price movements, according to which the price moves in waves. The indicator displays the specified points based on certain price movement models and technical data.
Indicator Input Parameters:
- Сorrectness – The parameter characterizes the degree of accuracy of the entry signals. Can vary from 0 to 100. The default is 100. Accuracy of signals decreases with the decrease of the parameter, but their numbers are increasing.
- Alert – you can set an alert when a signal appears. On – display alert, Off – no alert. Default value is False.
To get correct entry points we recommend the following:
- Adjust parameters for each traded pair and timeframe;
- First, get a signal on a higher timeframe (for example, H1), then wait for a similar signal on a lower timeframe (for example, M5).