Market / MetaTrader 4 / Indicators /

Arrow Entries II

30 USD

Demo downloaded: 72

Published: 16 November 2018

Current version: 2.5

Arrow Entries II

Indicators
Thomas Kjelvik
Thomas Kjelvik
Trader/Developer at Independent

Norway

2809
1 (1)
I have been trading forex for several years.

7 products 1 code 4 topics 9 comments
Version: 2.5
Activations: 10

Arrow Entries II

Arrow entries II indicator

Arrow entries is a tool to help make entry decisions. It draws arrows for buy and sell and is based on 2 Signals and filtered by fast over or under slow Moving Average.

Do not confuse this with my other indicator Arrow Entries. The rules for a signal is different.

Arrow Entries II produce less signals than Arrow Entries, but are more precise

Want an EA to do the job for you? Buy it here: https://www.mql5.com/en/market/product/33266

Check out my other products: https://www.mql5.com/en/users/tkjelvik/seller#products

Input variables

Period Signal1: How many candels to calculate Signal1.

Period Signal2: How may candels to calculate Signal2.

Shift_Signal2: Candels back to be used.

Overbought/Oversold area: Value between 0-100

Moving Averages

MAfast: Candels to calculate fast MA.

MAslow: Candels to calculate slow MA.

You also have three alert types to notify you of a signal.

1. Popup Alert

3. Push notifications Alert

Can be used on all currencypairs and timeframes. But I have found that 30M gives the higest winratio. Example EURJPY (picture 1) from January to November 2018 using TP/SL 1to1 had 61% winning trades.

more...

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Thomas Bradley Butler 2020.08.10 06:23 #

Recalculates.

Arrow Entries II

Thomas Kjelvik

Arrow Entries II