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BlackBox Bands

BlackBox Bands is a volatility-based indicator that uses special bands. Generally, the market prices don't go to any direction between the boundaries of the channel. If prices move outside the bands, it is a trading signal or trading opportunity.

Entry signals has trend based calculation. Outside of the upper band, there is a good Up Trend. Outside of the lower band, there is a good Down Trend. Statistics calculations are displayed in real time.

I want your good reviews, please test it for free. I hope you will find it useful in your trading systems.


Features

  • It has a special technique in determining the levels of Upper and Lower Bands.
  • Real time statistic analysis of all time frames
  • Open and Close Signals are provided by indicator.
  • Uses very less CPU so can be used on multiple charts.
  • Customizable entry calculation parameters
  • Statistics calculation following the entry signal, take profit, stop loss and exit signal.
  • User friendly interface, as it is plug and play.
  • Works in all symbols and all timeframes.
  • Alerts are pop-up, push notification and sound alerts.
  • Fully compatible with Expert Advisor (EA) development.
  • Signals strictly on the "Close of the bar".
  • Never repaints, Never backpaints, Never recalculates.


How To Trade

There is no complicated rules. Easy 4 steps!

Step 1: READY TO TRADE

  • If statistics result is "READY TO TRADE", you are good to trade this symbol on this timeframe. If statistics result is "WAIT", please change timeframe or symbol.

Step 2: WAIT FOR ENTRY SIGNAL

  • Entry BUY signal: When the price is above the upper band, indicator is searching good entry buy signals.
  • Entry SELL signal When the price is below the lower band, indicator is searching good entry sell signals.

Step 3: SET TP and SL

  • Please set TakeProfit and StopLoss levels. These levels are provided with enter signal

Step 4: EXIT

4 different exit types. Please exit when you get one of them.

  • TP: TakeProfit
  • SL: StopLoss
  • EXIT WIN: The position is closed in positive result before reached to TP
  • EXIT LOSS: The position is closed in negative result before reached to SL


Statistics

  • Signal: The total number of past signals
  • TP: The total number of past positive results by TakeProfit and its percentage in all signals
  • SL: The total number of past negative results by StopLoss and its percentage in all signals
  • EXIT WIN: The total number of past positions are closed in positive result before reached to TP and its percentage in all signals
  • EXIT LOSS: The total number of past positions are closed in negative result before reached to SL and its percentage in all signals
  • Win/Loss: Total positive results / Total negative results
  • Success Rate: Percentage(%) of past positive results
  • Total Points: Total profit in points
  • Average Points: Average profit in points. If it is bigger than zero, statistic result is "READY TO TRADE". If it is not, statistic result is "WAIT".


Input Parameters

  • Period: Trend detection period. (Default: 20)
  • TakeProfit Factor - multiplier used to calculate take profit levels. (Default: 0.6)
  • StopLoss Factor - multiplier used to calculate stop loss levels. (Default: 1.0)
  • Maximum History Bars - maximum number of bars used for calculation.
  • Graphics Parameters - control the appearance and colors of objects.
  • Dashboard Parameters - control the visibility and colors of dashboard.
  • Alert Parameters - control the alert options.
    • Pop-Up Alerts: When it is true, it will show a message to your computer screen.
    • Push Notification Alerts: When it is true, it will send notifications to your phone.
    • Sound Alerts: When it is true, it will play sound file when a signal is produced


Author

I am developing automatic trading strategies and indicators for 11 years. Especially I am working on major currencies, CFD and Futures.

If you have any questions, I am always happy to answer.

Best Regards, Ozkan.

dimitror
400
dimitror 2018.09.30 18:39 
 

Excellent!!!