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Naked Forex Kangaroo Tail

Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Commodities, Metals, Cryptos.

The Kangaroo Tail is a simple and very effective pattern to trade.

The strategy that comes with the Kangaroo Tail is purely based on price action.

Inputs of the indicator are:

  • Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol
  • MaxBars: number of bars back used to calculate the indicator
  • TradeDirection (Long/Short/LongAndShort): filter signals for BUY and SELL
  • CandleSizeATR: filter signals depending on the size of candle (0.5 to 1.5 recommended range of values)
  • UsePreAlerts (true/false): to enable pre-alerts
  • PreAlertsSeconds (30): time in seconds before the close of the candle when pre-alerts will be activated (pre-alerts can disappear)
  • UseConfirmedSignals (true/false): generate alerts for confirmed signals (at the close of the bar). It is required to set this value to true if you want to receive confirmed signals alerts.
  • PopAlerts (true/false): to enable alerts of type Popup window
  • EmailAlerts (true/false): to enable alerts of type Email
  • PushAlers (true/false): to enable alerts of type Push Notification
  • SoundAlerts (true/false): to enable alerts of type Sound
  • SoundFile: file to be used for sound alerts

Trading rules:

  • For BUY: wait for a bullish Kangaroo Tail to print on a support zone after a down trend. Wait for price to break high of the Kangaroo Tail candle (5 pips above the high for H1 and higher time frames). Immediately enter in the trade once high is broken. You also can use a BUY STOP order placed 5 pips above the high of the candle (plus spread). Stop Loss should be placed below the low of the Kangaroo Tail candle. If order is not triggered in the next candle then trade is invalidated and should be canceled.
  • For SELL: wait for a bearish Kangaroo Tail to print on resistance zone after an up trend. Wait for price to break the low of the Kangaroo Tail candle (5 pips below the low for H1 and higher time frames). Immediately enter in the trade once low is broken. You also can use a SELL STOP order place 5 pips below the low of the candle. Stop Loss should be placed above the high of the Kangaroo Tail candle. If order is not triggered in the next candle then trade is invalidated and should be canceled.

To draw the support and resistance levels to trade with the Kangaroo Tail, you can use the Fx Levels indicator: https://www.mql5.com/en/market/product/22547

We also offer the Naked Forex Big Shadow indicator that might interest you: https://www.mql5.com/en/market/product/22785

The Kangaroo Tail indicator can be used with any time frame.

The Kangaroo Tail indicator can be used with any class of asset: Forex, Binary Options, Futures, Commodities, Stocks.

Learn a simple and effective strategy with the Kangaroo Tail. We offer FREE educational program for all users. Do not hesitate to contact us for more information and to register for FREE. 


Warning:

Beware that most Mac users cannot use custom indicators with Metatrader. Please contact us in private prior to purchase if your are Mac user.

Beware that Metatrader for Android and Metatrader web versions do not support custom indicators. Our product will not work with those Metatrader versions. Only works with Windows 32 and 64 bits application versions of Metatrader.

Reviews 18
PipSnatchers
52
PipSnatchers 2021.02.20 06:29 
 

I bought this indicator to try. Very satisfied with the indicator, already seeing profits. I decided to buy the lifetime version of this. Just follow the rules and check your charts for the best entry points

srijeff
19
srijeff 2020.11.12 08:39 
 

This is a pretty decent indicator that shows the market gonna reverse but to use this indicator there are certain rules and don't 100% depend on this indicator this is just a tool only!!! If you follow certain rules, trade at a particular time, and not solely depend on this indicator for sure you can get a decent amount of profit and winning rate. So far my winning rate around 65% to 75%. This indicator really stops me from overtrading and teach me to set tight stop losses and huge profits.

Rimsi94
40
Rimsi94 2020.08.26 14:31 
 

I have a Subscription on the 17 USD/Month version. I currently use the Indicator and find it very powerful for generating profits when used together with an effective Strategy. The price for the indicator is fair comparing with the Profit that I can make when using it. Few quick trades and I got payback on my investment on 17USD. The Creator of the Indicator is Amazing, always quickly responding on my questions regarding the Product. If you choose to purchase this Indicator, follow theese Steps to ensure that you use it effectively and get the full potential from it: 1) Make sure you fully understand its use, there is a forex guy on youtube "EarnWithTodd" that has multiple strategies and ways to use this indicator. Learn from him. I strongly recommend to read Todds FREE "Kangaro Tail Trading School version 1.2" which is avaible on his website kangaroohunter.com, after that you have opened a FREE Membership Account that takes like one minute to open. Todd offers explainations through multiple platforms besides his website: Twitch, Youtube, Telegram for example. I personally prefered to read the PDF on Todds website, because I needed it to go real slow to fully understand how it works. 2) If you prefer to read books, you can learn the "Price Action Strategy" that you will use together with this Indicator by reading "Naked Forex" - Written by Author Alex Nekritin. For those who want to get into all details of the whole system and why its possible to generate profits using only few Tools in the Setup. 3) At last, I recommend that you read the description of the Indicator thats avaible when you are on the "Purchase Site". In the Description you can actually get a fair "translate" on how to set the INPUT on the different fields before applying the Indicator into the Chart. Found this very useful to understand. 4) Make sure you dont give up with the Indicator to early. Its better to use low risk, low lot size and do more trades to gather data to evaluate if you are using it to generate profits or losses and then reshape youre technique or strategy. Good Luck! :)

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Introduction Advanced Price Pattern Scanner is the pattern scanner built upon our accumulative knowledge and insight from our financial market research many years. Advanced Price Pattern Scanner uses highly sophisticated pattern detection algorithm. However, we have designed it in the easy to use and intuitive manner. Advanced Price Pattern Scanner will show all the patterns in your chart in the most efficient format for your trading. Detectable Patterns Following pattern can be detected. Tri
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Hedge Pair
Asylbek Karashev
Examples right away https://gyazo.com/fc130266994402bcd43d3a6b08ac2210 https://gyazo.com/8179542d3b82430be4e1c715652c0b3c Hedge Pair This indicator allows to observe a synthetically calculated spread between two pairs. The main idea is to pick two pairs which have a strong and positive correlation, like EURUSD and GBPUSD, EURJPY and GBPJPY, AUDUSD and NZDUSD etc. Once the spread line (lightgray colored line by default) goes way up high or down low, you can obtain a margin from the market b
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IQ WD Gann Pivot Point
Somsri Sarkar
VIEW INDICATOR MANUAL Note!  "Arial Bold" font should be installed in your operating system, specially on windows 10 server. Indicator can be applied with all types of instruments including Forex, Stocks, Commodities, Indices, etc. Just adjust the indicator scale accordingly. Metatrader 5 version available Indicator Benefit The indicator is inspired by WD Gann trading style & customized for the modern market with a simplistic approach. It is designed for scalping to day trading. A complete
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Price Action Strength Indicator
Robert Maidla
Price Action Strength indicator uses the purest form of data available in the market (price action) to indicate the strength of the market move. Reading price action and measuring its strength is a subjective matter and it is a technique that takes years to master. The purpose of the indicator is to make the reading of the price action strength as objective as possible. The indicator is far more advanced then default oscillators, because in addition to the price movement and its direction, the P
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Harmonic Papallons
Ramon Sobrevals Arce
We have perfected this indicator to predict  accurately the future market movements. Harmonic Papallons will give you the best price within a REVERSAL. Automatically scans the chart to find these Harmonic Patterns, and give you the chance to enter early in good operations. Also if selected, it will alert you in advance when future patterns appears. 🌟 The main goal🌟 for this algorithm is to determine with high precision the moment when a trend ends and a new one begins. THE  G ✪ LDEN TRADE, Th
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Supreme Commander
Ramon Sobrevals Arce
💢💢  New year's OFFER   💢💢 << Now only $199 after $299!! >>  We are glad to introduce you to the indicator of the indicators . The Most Powerful Technique to Determine Forex Trend Strength in 2021. We have perfected Supreme Commander that it calculates an average of the selected indicators (up to 16) and the selected timeframe (all) with the result of a single trend that indicates the potential of buying and selling.  🌟 The main goal🌟 for this algorithm is to determine accurately the per
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Quantum Volume Point of Control Indicator
QUANTUM TRADING SOFTWARE LIMITED
The Quantum VPOC indicator has been developed to expand the two dimensional study of volume and price, to a three dimensional one which embraces time. The volume/price/time relationship then provides real insight to the inner workings of the market and the heartbeat of sentiment and risk which drives the price action accordingly. The Quantum VPOC indicator displays several key pieces of information on the chart as follows: Volume Profile - this appears as a histogram of volume on the vertical pr
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ReitakFX Pattern Pro Indicator
Boris Sedlar
  Most accurate  Pattern indicator on this market. It search triangles, wedges, channels (next patterns and autoscanner in plan) Works on Forex, Commodities, Indicies, Stocks, Crypto, ... on all timeframes and on every brooker. For more info join to DISCORD  where you can get info how to set, how to trade with this indi VERSION 2 OUT !!! - template file for version 2  - check comment #7   how to update  Warning : Don't always open trade when you get alert on break. Before open trade pl
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MTF Supply Demand Zones
Georgios Kalomoiropoulos
Next generation of automated supply and demand zones. New and innovative algorithm that works in any chart. All zones are being created dynamically according to price action of the market. GET ALERTS WHEN A NEW ZONE IS FORMED  New Features: Alerts when a new Supply/Demand Zone is created. You have the possibility when a new zone is formed to get push notifications.  Zone width labels in pips One more timeframe on MTF. So now instead of 2 timeframes above the current you will be able to see 3 t
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Quantum Currency Strength Indicator
QUANTUM TRADING SOFTWARE LIMITED
Your success as a forex trader depends on being able to identify when a currency or currency pair is oversold or overbought. If it is strong or weak. It is this concept which lies at the heart of forex trading. Without the Quantum Currency Strength indicator, it is almost impossible. There are simply too many currencies and too many pairs to do this quickly and easily yourself. You need help! The Quantum Currency Strength indicator has been designed with one simple objective in mind. To give you
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HighLow Arrow Indi Free Version
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Micro Trend Arrow is an exclusive indicator that combine more than 4 trend indicators and that come with a set of rules to trade Binary Options. Micro Trend Arrow is based on Micro Trend System ( https://www.mql5.com/en/market/product/20589 ) with further signal filters and use of arrows that display in the chart to show signals. Most trading systems look for tops and bottoms to enter trades but this is very tricky to trade this way. The Micro Trend Arrow looks for a micro trend and for continua
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Easy Fibo Indicator
Renaud Candel
EasyFibo is an exclusive indicator to use fibo levels in a very simple way. Fibonacci levels is a very important tool in trading, used by technical as well as fundamental traders. Unfortunately usual fibo indicators are difficult to use. Now with EasyFibo it is easy to use fibo levels to trade. The indicator uses color codes to identify the extensions levels that match with the pullbacks levels. Once you identify a pullback in a trend you can easily set your profit target using the EasyFibo indi
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Filter:
PipSnatchers
52
PipSnatchers 2021.02.20 06:29 
 

I bought this indicator to try. Very satisfied with the indicator, already seeing profits. I decided to buy the lifetime version of this. Just follow the rules and check your charts for the best entry points

srijeff
19
srijeff 2020.11.12 08:39 
 

This is a pretty decent indicator that shows the market gonna reverse but to use this indicator there are certain rules and don't 100% depend on this indicator this is just a tool only!!! If you follow certain rules, trade at a particular time, and not solely depend on this indicator for sure you can get a decent amount of profit and winning rate. So far my winning rate around 65% to 75%. This indicator really stops me from overtrading and teach me to set tight stop losses and huge profits.

kcunaz
32
kcunaz 2020.10.24 21:57 
 

User didn't leave any comment to the rating

Simon Gagnebin
204
Simon Gagnebin 2020.09.04 09:06 
 

Isn't a strong signal. If really follow this signal on a basic pair like EUR-USD I pratically lost all my trades... I rent it for one month fortunately I didn't purchased it... Not happy with this indicator have some other better with real signal

kempest
24
kempest 2020.09.01 18:25 
 

wanted to know if i can use this indicator on more that one mt4 accounts...i have it on a mt4 platform that doesnt trade indicies and i just opened another account that does trade indicies so is there a way to get it on that platform without paying for it again?

Rimsi94
40
Rimsi94 2020.08.26 14:31 
 

I have a Subscription on the 17 USD/Month version. I currently use the Indicator and find it very powerful for generating profits when used together with an effective Strategy. The price for the indicator is fair comparing with the Profit that I can make when using it. Few quick trades and I got payback on my investment on 17USD. The Creator of the Indicator is Amazing, always quickly responding on my questions regarding the Product. If you choose to purchase this Indicator, follow theese Steps to ensure that you use it effectively and get the full potential from it: 1) Make sure you fully understand its use, there is a forex guy on youtube "EarnWithTodd" that has multiple strategies and ways to use this indicator. Learn from him. I strongly recommend to read Todds FREE "Kangaro Tail Trading School version 1.2" which is avaible on his website kangaroohunter.com, after that you have opened a FREE Membership Account that takes like one minute to open. Todd offers explainations through multiple platforms besides his website: Twitch, Youtube, Telegram for example. I personally prefered to read the PDF on Todds website, because I needed it to go real slow to fully understand how it works. 2) If you prefer to read books, you can learn the "Price Action Strategy" that you will use together with this Indicator by reading "Naked Forex" - Written by Author Alex Nekritin. For those who want to get into all details of the whole system and why its possible to generate profits using only few Tools in the Setup. 3) At last, I recommend that you read the description of the Indicator thats avaible when you are on the "Purchase Site". In the Description you can actually get a fair "translate" on how to set the INPUT on the different fields before applying the Indicator into the Chart. Found this very useful to understand. 4) Make sure you dont give up with the Indicator to early. Its better to use low risk, low lot size and do more trades to gather data to evaluate if you are using it to generate profits or losses and then reshape youre technique or strategy. Good Luck! :)

Paul Mosen
28
Paul Mosen 2020.08.21 10:54 
 

I've recovered the US$17 multiple times over the seven trading days I've had it. Eg, today I made about AUD$50 in the first 30 min of the London open, trading AUD$1 lots on IG. Good luck all.

tamburaninvestments
29
tamburaninvestments 2020.08.11 09:43 
 

Hi I rented this product for a month. But i am not able to use it on my MT4. As instructed by the developer I do not find any 'Purchased' tab in my 'Markets' section on my MT4. I clicked the 'Install on terminal' button on this page. It shuts down mt MT4 and opens a new MT4. BUt still I cannot see any indicator. I wrote an email to MQL5, but no response. GUys if anybody knows how to contact this developer, please help me. And Justin bro, its your youtube video that made me buy this indicator. Please help me how to use it

plazaandres
70
plazaandres 2020.08.11 01:54 
 

Excellent indicator!! It does helps you (confirms or adds weigh to your strategy) and notifies you when say a potential reversal occurs. So you need to incorporate it to your Trading Strategy... I am very happy with this indicator and also made videos showing the rules I use and while trading using this indicator: https://www.youtube.com/watch?v=P3AwvqYOFf8&t=52s

Wayne Russell
23
Wayne Russell 2020.08.10 23:54 
 

User didn't leave any comment to the rating

ejiderick
19
ejiderick 2020.08.09 20:11 
 

In trading, simplicity is the best. This Indicators is a true definition of that. Following the rules and understanding it would make trading easilier. I watched lots of video of Justintime and EarnWIthTodd on youtube on how the use it as part of there everyday trading Strategy. This indicator works on all timeframe and has been amazing!!

sibren7
24
sibren7 2020.08.06 06:27 
 

I find the indicator does exactly what it says but after backtesting, I don't find it as accurate as its made out. I started watching Todd's videos for these amazing pips caught but there's a lot of losses also.

saqqa1
24
saqqa1 2020.04.28 19:43 
 

I have tried this Indicator for 1 month (for $17 per month), as a begineer it did really help. Ofcourse you have to use your mind also before using the signals as no indicator can be 100% perfect. But it did really work.

Unfortunately, $17 was abit too steep for me personally as I am from Africa and due to exchange rate with my local currency its costing me v.high unfortunately.

Andyp89
71
Andyp89 2020.04.22 19:51 
 

Terrible. Made about 50 trades on my demo account on multiple time frames all rubbish.

blackduck
36
blackduck 2020.04.19 22:03 
 

It does not work. The majority of alerts are wrong. I mainly bought because i didn't want to stick in front of the charts the whole day but it misses a lot of tails!

Olumbus
21
Olumbus 2020.04.08 09:37 
 

This is pretty awesome! Copped this indicator to get notifications of reversals in the market and boom it’s working fine! I’d advise any trading of any strategy to cop this!

TheDefiantMarketer
35
TheDefiantMarketer 2020.03.21 20:23 
 

After first hearing about the Kangaroo Tail trading concept in the book Naked FOREX I always had this epic vibe that these candles would work extremely well. It took me 15 months to discover Renaud's perfect Kangaroo Tail indicator. The accuracy of this kangaroo tail indicator according to Walter Peters' rules is unprecedented accuracy. This indicator has already allowed me to easily bag many 100+ pip trades usually within minutes trading indices and volatile stocks. My best trade with this indicator after only 30 days of using it was a whopping 750 pips. I have reviewed these trade setups using this indicator on YouTube as well, you can find those videos on my channel - EarnWithTodd. Also note that Renaud has 30 years of IT experience and absolutely put the hammer on the nail with this indicator!

justintime515
50
justintime515 2020.03.19 04:03 
 

I've been a full-time divergence trader for going on 1 year now, and recently, I bought this indicator to have notifications sent to my MT4 app when a reversal candle appears during divergence, and this is 100% worth the buy! I even made YouTube videos showing how I do this and how accurate my trades have been since combining it with my divergence trading. I recommend this to anyone of any skill level: https://www.youtube.com/watch?v=mODjtIFEpVs&t=1677s

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Version 1.60 2020.08.08
Update to Metatrader 4 Build 1280