All Averages Speed
30 USD
Demo downloaded:
7
Published:
25 August 2023
Current version:
4.3
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Indicators:
1. CONSOLIDATION BOX https://www.mql5.com/en/market/product/52123?source=Site+Profile+Seller
2. All Averages Speed https://www.mql5.com/en/market/product/96413?source=Site+Profile+Seller#description
Parameters EURUSD M5 spread 5 pips:
CONSOLIDATION BOX
BoxLength = 10
BoxTimeFrame = current;
BoxRange = 130
DaysBack = 150
RangeDelta = 40
Falsebreakout = 5
Rebound = 50
All Averages Speed
Speed_Pips = 5
TimeFrame = current
Price = Median
Period = 43
MA_Shift = 0
MA_Method = Laguerre filter by J.Ehlers
ShowInColor = true
CountBars = 1000
When you open an order to break the consolidation box on the trend, make an indentation, number "1" on the screenshot. Indent = spread + 5 pips (only if you have EURUSD with a low spread, e.g. up to 5 pips).
Stop loss is recommended to be placed behind the consolidation box, adding indent = spread + 5 pips, number "2" on the screenshot.
You trade in the direction of the trend, in this example downward, because the All Averages Speed indicator shows red color. This means that the downtrend in this example has a sufficient speed of fall.
The first target can be 100% of the height of the consolidation box, number "3" on the screenshot. Such a target will work approximately in 65%-70% of cases. You can take the second target of 200% and 300%, but their triggering will be lower.
For the Consolidation Box indicator to work properly, it is recommended that your computer should work all 5 days of trading, the indicator does not like MT4 terminal restart. Or use a VPS/VDS server that works 24/7.