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Triangle Chameleon MT4

30 USD

Demo downloaded: 16

Published: 9 September 2022

Current version: 1.16

Triangle Chameleon MT4

Indicators
Edgar Elsner
Version: 1.16
Activations: 5

What is special about this indicator is that it can be integrated into your own MT4 applications, such as scripts, Expert Advisers, etc. using the implemented indicator buffer via the iCustom() function. With this it is possible to optimize the determination of points p3 and p4 for each trading instrument and timeframe. This eliminates the need for tedious manual trial and error to determine the correct values. A simple Expert Adviser as an example and for optimization is available free of charge.

MT5 version available here: https://www.mql5.com/en/market/product/81345

Other functions/features:

Maximum opening distance of the first two points (p1-p2)
Minimum opening distance of the last two points (p3-p4)
Determination of the four points by fractals
Determination of points three and four using variations in the area of Fibonacci levels 23.8 and 38.2
Display of Fibonacci levels 23.8/38.2/61.8/76.2 in triangle
Optional display of Fibonacci level 161.8 in the triangle
Acoustic signal when a new pattern appears
Alert interval selectable by timeframes
Display of the last pattern/all patterns switchable
Optional switchable onscreen panel for convenient operation of the most important functions:

M = Panel on/off
FI = Show/hide Fibonacci-Levels
FX = Show/hide Extended Fibonacci-Levels
AC = Alarm if new Pattern on/off
LP = Show last/all Patterns

See demo here: https://www.youtube.com/watch?v=Lz_9L3FXR2U

Comment on the screenshots:

The backtest shown below covers a period from January 2020 to May 2022 for EURUSD and is only to be understood as an example of the efficiency of symmetric triangles. Results can vary significantly depending on broker and account type. When developing an optimally profitable trading system, other indicators should be included!

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Symmetric Triangle Dashboard MT4 is a matrix that was designed to monitor any standard and/or custom indicator as well as symmetrc triangle patterns by any symbol-timeframe combination to be alerted if the desired contition is met. Furthermore by simply clicking on the selected signal, the refering chart becomes opened including the assigned indicator template if there was designed one. In "Custom" mode, user can add any indicator to scan its up to 7 timeframes per symbol to for example, get

49 USD

This indicator was developed by me, based on my experiences during my long term daily trading. It allows to get an excellent and compact overview about the current market situation without to have to monitor multiple charts. The default settings are widely used by traders. For example on sites like forexlive.com: https://www.forexlive.com/technical-analysis Features: The Moving Average Swiss Knife-like indicator for Daytraders Allows to setup of up to seven different MAs (MA and DEMA) to use on

30 USD

Triangle patterns are chart formations that signal a possible breakout in either direction. In the case of symmetrical triangles, the probability of a breakout to the upside or downside is about 50%. For more detailed information, I recommend the numerous publications on the Internet on this subject. What is special about this indicator is that it can be integrated into your own MT5 applications, such as scripts, Expert Advisers, etc. using the implemented indicator buffer via the iCustom() func

30 USD

Symmetric Triangle Dashboard MT5 is a matrix that was designed to monitor any standard and/or custom indicator as well as symmetrc triangle patterns by any symbol-timeframe combination to be alerted if the desired contition is met. Furthermore by simply clicking on the selected signal, the refering chart becomes opened including the assigned indicator template if there was designed one. In "Custom" mode, user can add any indicator to scan its up to 7 timeframes per symbol to for example, get

49 USD

Traders Swiss Knife MT5 operates and manages your trades at your fingertips – auto calculates risk and lot size – builds expert advisers from integrated indicators – trails your profits in various modes. Key Features: Virtual Trading Lines: free changeable in any direction or auto-placed by ZigZag indicator to build resistance, support, channels, triangles, wedges,… Order Types: Buy, Sell, Buy Limit, Sell Limit, Buy Stop, Sell Stop, OCO, Bracket Orders Virtual Profit Trailing Strategies: Stat

49 USD

TRADECOPY CLIENT MT5 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before end up in profit (or in loss finally...). To improve the profits and avoid possible drawdowns of trades that have been opened by the accounts that are running the TradeCopy Master MT4/MT5 was

49 USD

Rescue Trader MT5 Rescue Trader isn't a Grid or Martingale Expert as each single trade is protected by fixed stoploss. Adding of new trades to existing trades are always entered on indicator pattern entry and not simple on fixed distances like Grid-/Matingale-Systems usually work. For additional protection, its drawdown recovery algorithmus closes particular trades that are profitable while at the same time closes older loosing trades in the way that in total that bulk closes in profit. Howev

69 USD

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