Royal Wave Pro M5
129 USD
Demo downloaded:
548
Published:
30 December 2021
Current version:
4.6
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I have purchased Royal Scalping And Royal Wave Pro MT5 indicators...I have beginner so please help me for setting...
Do you use ATR or similar for tp/sl? Or just for SL and use a dynamic exit based on the indicator?
Thanks!
Thank you for making this, am planning to develop this indicator into an EA I am working on, was hoping you could share a bit of your trading logic for the EA you showed in the video for this product?
Do you use ATR or similar for tp/sl? Or just for SL and use a dynamic exit based on the indicator?
Thanks!
Hello Lucas,
Thank you for choosing my products
The EA showcased in the video operates on a straightforward strategy, executing trades solely based on overbought and oversold conditions. Within this EA, the stop loss is set at a constant multiple of the current ATR value. Additionally, should the price move favorably, it adjusts the stop loss size by halving it.
To adapt to various trade scenarios, you have the option to define two or more input parameters for managing the position of your trade's stop loss and use the strategy tester to fine-tune these inputs for optimal performance.
Hello Lucas,
Thank you for choosing my products
The EA showcased in the video operates on a straightforward strategy, executing trades solely based on overbought and oversold conditions. Within this EA, the stop loss is set at a constant multiple of the current ATR value. Additionally, should the price move favorably, it adjusts the stop loss size by halving it.
To adapt to various trade scenarios, you have the option to define two or more input parameters for managing the position of your trade's stop loss and use the strategy tester to fine-tune these inputs for optimal performance.
Thank you for the explanation. I really appreciate it and love the developer centric style of building your indicators. Not afraid to let the indicator be technical, and your videos are very helpful.
EDIT: I see the buffer in slot #2 contains the 0 or 1 value that I need for trend direction. it just doesn't show up for me in the data window.
this MT5 version has only one buffer in the data window, which shows only the 0-100 strength value, but how do I access the trend direction? in the mt4 version we are presented with 4 buffers. thank you:
this MT5 version has only one buffer in the data window, which shows only the 0-100 strength value, but how do I access the trend direction? in the mt4 version we are presented with 4 buffers. thank you:
MT5 and MT4 differ regarding managing data buffers. In MT5, the trend buffer is located at index 1. This buffer can only have two values: 0 or 1. 0 represents a downtrend, and 1 represents an uptrend. Although this buffer is not visible in MT5, you can access it through code.
MT5 and MT4 differ regarding managing data buffers. In MT5, the trend buffer is located at index 1. This buffer can only have two values: 0 or 1. 0 represents a downtrend, and 1 represents an uptrend. Although this buffer is not visible in MT5, you can access it through code.
Thank you for confirming that, everything is working as expected in my code now.