I've been testing this indicator with the free EA that Joel provided in the comments. My test results on EURUSD have been quite good but only on H4. Lower timeframes do not work so well. It's rare that a seller will provide a EA with source code for his indicator free of charge. I'm hoping to see future developments and strategies he's developing.
SFE Price Channel
The SFE Price Channel indicator detects and draws the channel where the price is moving, and the trend of this channel.
The purpose of the indicator is implementing trading strategies based on operating the key levels of this channel.
Please, see the attached images where the interpretation of the indicator and an example of trading strategy is shown.
Features
- Define the channel and limits where the price tends to move, identifying support and resistance.
- Identify the trend.
- Works on all pairs and periods.
- Versatile for many types of strategies.
Parameters
- channel_period: period used to calculate the channel.
- channel_multiplier: multiplier that affects the channel measurement.
- limits_multiplier: multiplier affecting distance limits.
Reviews 6
Robert Edison
2014.11.26 05:32
#
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Scanner Dashboard for Best Heiken Ashi VQZZ Arrows Indicator here: https://www.mql5.com/en/market/product/45900 Updated description and all extra indicators/templates are here: https://abiroid.com/extras/best-heiken-ashi-vqzz-system-extras
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Advanced Currency Strength Indicator
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Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detector
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TDI Multi Timeframe Scanner: This Dashboard indicator uses the TDI (Trader's Dynamic Index) Indicator to find best trades. Get extra indicators here: https://abiroid.com/extras/tdi-scanner-dashboard-extras
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Special offer! Buy and get 100% cashback! Limited by the date of purchase - valid now from 01/28/2021. The trend detection indicator will compliment any strategy and can also be used as an independent tool. Recomedation for work with indicator #8 Benefits Easy to use; does not overload the graphic wih unnecessary information. The ability to use as filter for any strategy. Contains bult -in dynamic levels of cupport and resistange, which can be used both, for profit taking, and for settings up
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This scanner shows the trend values of the well known indicator SuperTrend for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes.
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This EA trades indices CFDs, using different strategies. Live signal
https://www.mql5.com/en/signals/901786
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The EA use several systems focused on the Bitcoin / USD symbol. Any doubt or more information, you are invited you to join to the telegram group of the sfe users community. Telegram Community Group: https://t.me/sfecommunity Signal https://www.mql5.com/en/signals/835278
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Signal https://www.mql5.com/en/signals/86950
150 USD
The SmartForexExpert Attractor Expert Advisor, is our new approach to the 'momentum' style robots. Fitted for work also in weak markets like the period 2017-2019. Using a selection of main crosses, the EA have a good diversification, which can lead to a stable growth. The EA don't have external parameters, don't need any kind of effort to use, and don't need to be supervised, can be connected 24x7. The EA can be used from 1.000 USD. with a recommended size of the orders of 0.01 lots / 1.000 USD
150 USD
The system looks for signs of reversal, in hours when the market is not strong and the risk of high movements is low. The system has the ability to work well with many symbols, and the correlation of the different symbols is generally very low, giving to the system a very high diversification, which reduces the overall risk. The system generally launches several trades every day, which added to the high diversification, provides the opportunity to aspire to a relatively stable growth.
Any do
1 200 USD
The system looks for breakout and take profit of the short term trend. Is centered mainly in the New York session when the trend of the day is decided in general. The EA has a big expectation of pips / trade, therefore can be profitable in any kind of broker or account. Can be used with large accounts, because the trades are taken in the hours of more liquidity. Any doubt or more information, you are invited you to join to the telegram group of the sfe users community. Telegram Community Group:
1 200 USD
The system enters in the pullback of short term trends. Using a wide selection of symbols, the EA have a good diversification, which can lead to a stable growth. The EA don't have external parameters, don't need any kind of effort to use, and don't need to be supervised, can be connected 24x7. Don't use any kind of martingale, grid or hedge.
Signal https://www.mql5.com/en/signals/750851
Live setup
The EA is very easy to setup, and can be used with the default parameters. Only parameters
1 200 USD
This EA trades indices CFDs, using different strategies. Live signal
https://www.mql5.com/en/signals/901786
Usage
Setup this EA requires some expertise because the CFDs products have some particularities in his definition in different brokers, therefore, is strongly recommended do a backtest before use it live, to be sure all is OK. You can visit the smartforexexpert website for view the current brokers tested and the set files for each broker. The default parameters corresponds to ICM
1 200 USD
The system looks for signs of reversal, in hours when the market is not strong and the risk of high movements is low. The system has the ability to work well with many symbols, and the correlation of the different symbols is generally very low, giving to the system a very high diversification, which reduces the overall risk. The system generally launches several trades every day, which added to the high diversification, provides the opportunity to aspire to a relatively stable growth.
Any do
1 200 USD
The system looks for breakout and take profit of the short term trend. Is centered mainly in the New York session when the trend of the day is decided in general. The EA has a big expectation of pips / trade, therefore can be profitable in any kind of broker or account. Can be used with large accounts, because the trades are taken in the hours of more liquidity. Any doubt or more information, you are invited you to join to the telegram group of the sfe users community. Telegram Community Group:
1 200 USD
The SmartForexExpert Attractor Expert Advisor, is our new approach to the 'momentum' style robots. Fitted for work also in weak markets like the period 2017-2019. Using a selection of main crosses, the EA have a good diversification, which can lead to a stable growth. The EA don't have external parameters, don't need any kind of effort to use, and don't need to be supervised, can be connected 24x7. The EA can be used from 1.000 USD. with a recommended size of the orders of 0.01 lots / 1.000 USD.
150 USD
This EA include a selection of the best Forex SmartForexExpert EAs: SFE Price Action https://www.mql5.com/en/market/product/5716 - https://www.mql5.com/en/signals/124880
SFE KISS https://www.mql5.com/en/market/product/25527 - https://www.mql5.com/en/signals/737649
SFE Attractor https://www.mql5.com/en/market/product/39237 - https://www.mql5.com/en/signals/731758
SFE Stealth https://www.mql5.com/en/market/product/39238 - https://www.mql5.com/en/signals/729260
SFE Nigh
6 000 USD
This EA trade with CFDs of Stocks. The EA can be used in any stock market, by default, the EA is configured with symbols of the US Stock Market. The minimal balance recommended is 3.000 USD.
Any doubt or more information, you are invited you to join to the telegram group of the sfe users community. Telegram Community Group: https://t.me/sfecommunity Live Signal : https://www.mql5.com/en/signals/692635 https://www.mql5.com/en/signals/892879
Backtest and Live Setup: please, look the video o
2 500 USD
KISS is an acronym for "Keep it simple, stupid" as a design principle that most systems work best if they are kept simple rather than made complicated. This expert is the result of simplifying at maximum level the algorithms of the others SFE 'price action' based experts, with the goal of approach more the expectation offered in the backtest with the performance in forward. The use of the expert is very simple, and needs very low computer resources.
Signal https://www.mql5.com/en/signals/86950
150 USD
SFE Price Action is an Expert Advisor with a great diversification of operations and different systems working with pairs and 4 timeframes. This increases the chances of sustained growth and reduces exposure to a single pair or individual operations. The risk is very controlled. Based on own price action rules, no hedge, martingale, grid or any other type of dangerous practices are used, such as not closing failed operations. You do not need any knowledge, the configuration is very easy and you
150 USD
The system enters in the pullback of short term trends. Using a wide selection of symbols, the EA have a good diversification, which can lead to a stable growth. The EA don't have external parameters, don't need any kind of effort to use, and don't need to be supervised, can be connected 24x7. Don't use any kind of martingale, grid or hedge.
Signal https://www.mql5.com/en/signals/750851
Live setup
The EA is very easy to setup, and can be used with the default parameters. Only parameters
1 200 USD
This system takes advantage of the stagnation of the market at the final of the New York session and the first hours after that close. It detects small deviations and enters in the contrary direction trying to close the operation in the level before that deviation happens. If the operation does not close with profit during the stagnation hours, the EA tries to exit in a favourable condition in the next hours, before the European session opens again. Signal https://www.mql5.com/en/signals/138420
1 200 USD
The system place the trades based on the trend. Is adequate for symbols which usually moves in strong trends, or any symbol which has enter in a trend period. For this reason, works very well with XAUUSD (GOLD/USD), because this symbol tend to move in strong mid/long term trends ( like Bitcoin) and as is an uptrend in the long term, use the system only in the long side, can boost the performance.
The objective of the system is over perform the performance of a symbol in trend, in the long
1 200 USD
The EA use several systems focused on the Bitcoin / USD symbol. Any doubt or more information, you are invited you to join to the telegram group of the sfe users community. Telegram Community Group: https://t.me/sfecommunity Signal https://www.mql5.com/en/signals/835278
Live setup
The EA is very easy to setup, and can be used with the default parameters. Only parameters related with the GMT of the broker and the size of the orders must be checked. The EA must be attached to ONLY one Bit
900 USD
Filter:
Tai Hang people, every time the computer system is automatically updated, the indicators can not be used, it will be invalid. I have bought it 3 times. I hope the author sends a pointer to my email address: 345093795@qq.com
What that, l buy this indicator befor two days but until now the indicator not activated on my chart
thank you
Excellent work
Buying succeeded
The experiment will be
But it suggests adding notices and notifications and alerts
Especially in the change direction
Robert Edison
2014.11.26 05:32
#
I've been testing this indicator with the free EA that Joel provided in the comments. My test results on EURUSD have been quite good but only on H4. Lower timeframes do not work so well. It's rare that a seller will provide a EA with source code for his indicator free of charge. I'm hoping to see future developments and strategies he's developing.
Version 1.2
2014.10.31
Parameters added:
- green_line_factor: Distance Factor of the green line between the middle line and the limit line.
- view_sideways: the indicator will lose the trend, after three bars on the other side of the middle line.
- green_line_factor: Distance Factor of the green line between the middle line and the limit line.
- view_sideways: the indicator will lose the trend, after three bars on the other side of the middle line.
thank you
Excellent work
Buying succeeded
The experiment will be
But it suggests adding notices and notifications and alerts
Especially in the change direction