The Extension indicator identifies overextended candle patterns (consecutive bullish or bearish candles with increasing sizes), it displays the trade statistics of up to 10 thousand trades per instrument and clear entry signals using green (buy) and red (sell) arrows.
It is possible to enable terminal (MT4) alerts, email messages and push notifications on your mobile phone. It is recommended to use the indicator on H4 or higher timeframe.
Doesn't repaint signals.
- Instantly available statistics of up to 10,000 signals on any chart;
- Uses fixed SL and TP (which you can change) to generate statistics, no hidden misleading parameters;
- Very easy to use, no complicated input parameters;
- Terminal alerts, email messages and push notifications.
- OPEN TRADES: the number of active signals.
- LONGS: the number of active buy signals.
- SHORTS: the number of active sell signals.
- SIGNALS: the number of past signals.
- POSITIVE TRADES: the number of profitable past signals.
- TOTAL PIPS: the number of pips from all past signals.
- POSITIVE %: percentage of profitable signals.
- Candles from history to get stats - the number of candles in history for statistics, it can be increased to obtain instantaneous statistics of up to 10,000 signals for a given pair.
- Virtual Fixed SL - fixed stop loss for the statistical analysis.
- Virtual Fixed TP - fixed take profit for the statistical analysis.
- Extension Coefficient - strength of an extension pattern.
- Maximum Active Signals Per Instrument - the maximum number of active signals on the symbol. When this value is reached, the indicator stops showing new signals until the previous signals are closed by virtual fixed take profit or virtual fixed stop loss.
- Maximum Active Buy Signals Per Instrument - the maximum number of active buy signals. When this value is reached, the indicator stops showing new signals until the previous signals are closed by virtual fixed take profit or virtual fixed stop loss.
- Maximum Active Sell Signals Per Instrument - the maximum number of active sell signals. When this value is reached, the indicator stops showing new signals until the previous signals are closed by virtual fixed take profit or virtual fixed stop loss.
- Enable Alerts - enable MT4 alerts.
- Enable Email Notification - enable email messages.
- Enable Push Notification - enable push notifications.
- Buy Signal Color - color of the trend line and arrows for the buy signals.
- Sell Signal Color - color of the trend line and arrows for the sell signals.
Forex Gump Miner is a completely turnkey trading system. Doesn't redraw its signals. Shows the trader when to open and close trades. Predicts potential profit and displays this information on the screen. A trader does not need to analyze the market, study economic news and build his strategies. All this is already in Forex Gump Miner. Our team of programmers and traders have already done it for you. All you have to do is install Forex Gump Miner on your Metatrader 4 and follow its instructions.
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To test, please download the demo version. It is free for 13 currency pairs( NZD and CHF Crosses). Double top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). Double top and bottom analysis is used in technical analysis to explain movements in a security or other investment, and can be used as part of a trading strategy to exploit recurring patterns. Searching for this pattern among
Benefits Adaptability; No input parameters; Predictive models are included in the algorithm; Works on all markets and instruments. Operation Principle The indicator is trend following. First, the indicator analyzes instrument's historical data over sliding windows, calculates values of main variables, determines coefficient. Further, it analyses current market situation and confirms previous trend, or gives out a signal of the trend reversal. Scaling coefficients allow to switch to any available
Chart Patterns Detect 15 patterns (Ascending Triangle, Descending Triangle, Rising Wedge, Falling Wedge, Bullish Flag, Bearish Flag, Bullish Rectangle, Bearish Rectangle Symmetrical triangle, Head and Shoulders, Inverted Head and Shoulders, Triple top, Triple Bottom, Double Top, Double Bottom) Use historical data to calculate the probability of each pattern to succeed (possibility to filter notification according to the chance of success) gives graphic indication about the invalidation level and