• Overview
  • Reviews (7)
  • Comments (10)
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Expert Market Edge

5

Expert Market Edge is scalping, trending, reversal indicator, with alerts. You can use it all and fit with your strategy whatever it fits you. My recommendation is to combine with my Colored RSI, and when 2 signals are matched, and pointing same direction (for example buy on this indicator, and green on RSI, you can take a long position, stop loss should be last local low, if you want to be more conservative, add ATR. ) you can take position. If you using moving averages, that's even better if signal aligns with 21,89,200 EMA, its triple confirmation of possible scenario and that trade looks really good. Again, take in consideration this is only indicator, it's not 100%, but when you get your confirmation signal, and you have your risk management in place, you should be profitable in long run, not trade thinking just next trade, but serious of trades (as we pro traders do, and with 65-70% win ratio, you are good if you have proper risk management.)

Best Strategy for using it - or look at full automated EA trading it in video trading it: 

You put 21 EMA on your chart, take our Colored RSI, and this indicator.
This is second video, first you have down, and this is second demonstration : https://youtu.be/YMgA5FgEcHU

When the price is below 21 EMA and price is going up to it, 21 will act as resistance do not take a position, even if you got a signal (arrow) to buy. You wait for the candle to close above 21 on that Time Frame, then you take a position, stop loss is on low of the signal or last local low. Make 3-5 Profit Targets, and first profit target(PT) is the same distance as is your entry to your stop loss at least (if you know how to see levels, it's on first resistance). Every other PT, is the same distance, or on the next resistance if you know how to read levels. Same stuff just other way around for sell (short) signal. 

Fully automated EA on this strategy, + levels and risk management: https://www.mql5.com/en/market/product/46520


Important

When Price Action is flat (21 is flat), and you are in position, do not take other way position, till you get stop out, and when you get stop out and you see price action is still flat, wait for another candle closure to see, some verification in the market. This is not to often but it happens. 

To summaries, when indicator showing buy arrow, and RSI is flashing green, I would take buy (long position), with a stop loss on previous local low (if it's on the same candle there is easy stop loss then).
When indicator point red arrow and RSI confirming red line, you can take Sell (short position) with a stop loss on the previous high. 

My recommendation would also be, few profit targets, and after each profit target move stop loss (after first profit target move stop loss to break even, after second profit target move stop loss on first profit target and so on).



Update 24 April 2020


We added Sounds alerts, and email notification for the signal of the indicator, see the picture in the picture section. 


For the custom sounds add ".wav" file to the sounds folder in the MT5 installation folder and add filename with .wav in inputs of the indicator itself. 

Settings for the email in "Tools->Options->Email .

If you have any questions feel free to ask.


Reviews 7
Shisu6
41
Shisu6 2020.12.29 14:50 
 

Excellent product, is now my main signal indicator. Easy to read signals with both colored bars and arrows. Alerts and notifications are also great features. Works even better with provided 21 ema strategy, will try author's colored rsi indicator. Fast response from author.

Albert Gommeren
476
Albert Gommeren 2020.09.09 18:12 
 

Been using this for many months now. Quality indicator, highly recommended

seyedmahdi rabbanijalali
87
seyedmahdi rabbanijalali 2020.05.26 07:20 
 

very good indicator.

I recommend this to beginners and pro's.

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SASA MIJIN
4.81 (16)
This is Heiken Ashi smoothed version, where you can choose on what type smoothness you want to make your strategy base. You can choose between EMA or MA, on the period you want. And you can choose colors. Definition:  The Heikin-Ashi technique averages price data to create a Japanese candlestick chart that filters out market noise. Heikin-Ashi charts, developed by Munehisa Homma in the 1700s, share some characteristics with standard candlestick charts but differ based on the values used to
FREE
This is  RSI with alarm and push notification  -is a indicator based on the popular Relative Strength Index (RSI) indicator with Moving Average and you can use it in Forex, Crypto, Traditional, Indices, Commodities. You can change colors to see how it fits you. Back test it, and find what works best for you. This product is an oscillator with dynamic overbought and oversold levels, while in the standard RSI, these levels are static and do not change. This allows  RSI with alarm and push notific
FREE
This is  Colored RSI Scalper Free MT5  -is a professional indicator based on the popular Relative Strength Index (RSI) indicator with Moving Average and you can use it in Forex, Crypto, Traditional, Indices, Commodities. Colors are made to make trend, and changing trend more easily. Back test it, and find what works best for you. This product is an oscillator with dynamic overbought and oversold levels, while in the standard RSI, these levels are static and do not change. This allows Colored RS
30 USD
Simple Calendar Events is an indicator that will mark important Important Economy Events on your chart. For example, if you are trading something that is USD based, you would like to know when some important events are coming, you can expect some volatility or some different Price action, so you can base your strategy on it.  If you trade something that is country based you can also choose that, and it will show you when the event is, so you can be prepared for it. When you hover with the mouse
FREE
Institutional Levels is an intelligent, fully automated Expert Advisor. This algo is arranged in such a way that the EA uses levels of importance combined with price action, without reliance on indicators. The strategy behind it is based on the teachings of a professional traders, and ex traders. It will find untested levels at which institutions are known to be interested in, in the number of candles you’ve set and will make trades based on these levels, re-test and trend. It will automaticall
14 990 USD
Trend Trader is an intelligent, fully automated EA. It's combining Institutional Levels (for stop loss and profit targets), and 3 indicators for buy and sell signal at same time. When 3 indicators agree with each other for trend, or changing trend, EA will open position, stop loss will be set on last low, or high, depending on direction, and targets profit are made on levels (on default settings, you can change it). Indicators its using are Expert Market Edge (custom made indicator  https://www.
29 990 USD
RSI Scalper Multi Profit Targets is a Fully automated EA. It uses the RSI indicator for the entries. You can do counter trend scalp (for example sell on 72, and buy on 25) - default (trend buy-sell - false) settings or it can do the same direction trade  (trend buy-sell - true).  You can find the best profit targets on backtesting and optimization because it works almost on all pairs on some TF (Time Frame). I personally use it on 5 min, EURUSD, GBPUSD, NAS100, SP500. on 15 min I use on USDCAD
490 USD
I've been fascinated with the trading style of Brian Watt for some time now - to me, he's one of the best traders I've seen trading live to date.  After studying his style, I decided to try and automate what I understood of it - this bot is a result of what I've gathered.  His methods are not without drawback and I will often manually control some of the settings within the bot. When you loose with this, you tend to loose big... The good news is it's got an almost 95% win rate, which well and
9 990 USD
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Shisu6
41
Shisu6 2020.12.29 14:50 
 

Excellent product, is now my main signal indicator. Easy to read signals with both colored bars and arrows. Alerts and notifications are also great features. Works even better with provided 21 ema strategy, will try author's colored rsi indicator. Fast response from author.

Albert Gommeren
476
Albert Gommeren 2020.09.09 18:12 
 

Been using this for many months now. Quality indicator, highly recommended

seyedmahdi rabbanijalali
87
seyedmahdi rabbanijalali 2020.05.26 07:20 
 

very good indicator.

I recommend this to beginners and pro's.

Trevor Woodman
223
Trevor Woodman 2020.04.28 09:25 
 

***** Firstly, the seller is an excellent coder and definitely knows his stuff. The support is five stars as well.

Now for the indicator. This indicator is one that EVERY trade should have. It does not repaint and works well on it own however, use it with a couple of filters and it becomes a weapon. My setup is not as close to the Holy Grail as I can get it. Now I just watch the charts and take the trades. Thank you for your wonderful indicator and great support.

For new traders, let me give you this advice. Find a few indicator and learn to trade them well. This indicator should definitely be one that you choose for your Metatrader template.

Саша Синков
1086
Саша Синков 2020.04.16 13:42 
 

User didn't leave any comment to the rating

Richard Vardy
49
Richard Vardy 2020.02.20 11:27 
 

Fantastic product, 85% success rate. Its provides Buy/Sell arrows with alerts. Colored candles up and down, one color for up and down and color can be changed. It removes all the noise of the candles and easy to read candle movement. Combine this Expert with the colored RSI, a very good combination.

I recommend this to beginners and pro's.

Dunstan Wafula Namusonge
701
Dunstan Wafula Namusonge 2020.02.18 11:27 
 

Quite creative. Very good chart display. The result is practical profitability. Very Ideal for newbies and professionals.

Reply to review
Version 1.2 2020.04.24
1.2 added custom sound and email
Version 1.1 2020.02.07
Changed the arrow on buy and sell signal