• Overview
  • Reviews (1)
  • Comments (7)

SunGiude

The indicator operates based on a unique candlestick pattern. When the indicator generates a signal, there is a high probability of price reversal, and we can use it in trading.


Indicator use strategy

Market entry should be performed at the closure of the signal candlestick. Stop Loss should be set behind the signal cloud. We will have two take profits, the first one is equal to the stop loss value, 50% of lot amount should be closed at this level, and stop loss should be moved to breakeven. The second take profit is 2-3 times larger than stop loss.

We use two take profits in order to let profits grow while moving stop loss to breakeven after reaching certain profit to protect against risk.

I recommend using no more than 1-2 of your favorite indicators for additional filtering to catch only the most optimal signals.


Main settings of the indicator

  • Length - the number of bars to form a pattern. I recommend setting from 3 to 10
  • Size from % - the minimum pattern size as %, recommended value are from 25 to 55
  • Size to % - the maximum pattern size as %, recommended value are from 60 to 100

These three parameters can be changed directly from the chart during indicator operation or testing using the quick panel without opening indicator properties.

In addition, the indicator has an alert function, an email and push notification features.

Good luck in trading!

Reviews 1
Janos Kormendi
2704
Janos Kormendi 2017.06.29 14:48 
 

This indicator quickly became my favourite reversal indicator. It is not the holy grail, but even some of the bad signals can be turned into winners using the appropriate filters.

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STE S.S.COMPANY
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Bermaui Deviation Percent
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Muhammad Elbermawi
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Support Resistance screnner
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STE S.S.COMPANY
Technical indicator for mt4 that identifies support and resistance based price action with supply and demand levels. 1. Key Features Dynamic Support and Resistance Our indicator is dynamic, which the support and resistance lines generated to coincide with the current price action. Automatic support and resistance The indicator attempts at automatic detection of support and resistance levels by identifying large swings/ pivots in historical price action. Non repaint support and resistance Our
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VWAP Indicator MT4
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Acc TOS Snbo translated to MT4 Snbo
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Filter:
Janos Kormendi
2704
Janos Kormendi 2017.06.29 14:48 
 

This indicator quickly became my favourite reversal indicator. It is not the holy grail, but even some of the bad signals can be turned into winners using the appropriate filters.

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