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LordRings

The LordRings indicator is a standalone trading system. It is excellent for scalping, short and medium term trading. A distinct feature of this indicator is that is analyzes three currency pairs simultaneously (forming a trading ring) on all timeframes - M1...MN. For each currency pair, it calculates the trend strength - for both ascending and descending trends at the same time. As soon as the trend strength value on all three pairs exceeds the 'signal' value (75 by default), a buy or sell signal will be generated for all three pairs simultaneously. The indicator should be attached to any chart in the usual way.


Parameters

  • Symbol1 - the symbol name of the first currency pair (EURUSD by default).
  • Symbol2 - the symbol name of the second currency pair (GBPUSD by default).
  • Symbol3 - the symbol name of the third currency pair (EURGBP by default).
  • signal - value for all three pairs, at which a signal will be generated (75 is optimal).
  • alert - enable/disable alerts about signals (enabled by default).


Recommendations on working with the indicator

  1. Wait for a signal to appear.
  2. According to the signal, open positions on all three pairs simultaneously.
  3. Close positions by the total profit.

The AllClosedMT5 utility can be used for closing all positions automatically.


Possible variants of trading rings

AUDJPYAUDUSDUSDJPY
CHFJPYCHFUSDUSDJPY
EURJPYEURAUDAUDJPY
EURUSDEURAUDAUDUSD
GBPJPYGBPUSDUSDJPY
EURCADEURUSDUSDCAD
EURCHFEURGBPGBPCHF
EURCHFEURUSDUSDCHF
NZDJPYNZDUSDUSDJPY
EURJPYEURGBPGBPJPY
EURUSDEURGBPGBPUSD
EURJPYEURUSDUSDJPY
GBPCHFGBPUSDUSDCHF
GBPJPYGBPCHFCHFJPY
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