I am a part-time trader and trade almost everything. I love chart analysis and to program simple setups and indicators for clear trend movements. Always looking for an obvious trend in H4, I trade after own setups and signals from my own Indicators on H1.
Basic Introduction for the MT4 Indicator Momentum-solo, please keep in mind: Momentum solo is a momentum "Informer", do not forget the trend, 1-2-3 for a proper entry, support and resistance from important highs and lows, to be patient, NEWS and your personal trading - time, avoid overtrading, keep up to your personal session and be honest to yourself.
Recently I got a request regards to my indicators and trading binary options. Please keep my answer in mind.
I know there is a great interest for binary options and I know the advantages, but I still love the dynamic of the market. Time can be a killer, the next move can come one or two or more candles later, have a look on "point & figure" - there is no time involved, price only.
My Indicators are written for strong momentum => trend => correction => trend and the Reversal ist written for a reversal-pattern.
Recently I talked to a professional, who is trading CFDs and binary options - he uses technical analysis for both.
Have in mind: there is just a probability, never a guarantee, please be careful with your risk.
.... almost forgot to tell you, that the new release (Vers. 15.8) has been published
and *** Momentum-Sidekick inclusive *** and *** Momentum-Sidekick inclusive *** and *** Momentum-Sidekick inclusive ***
- change settings:
sidekick = true Trend_Strengh = 0
- indicates stronger Momentum - higher probability in non-trend situations
- the signal comes with a very strong momentum - after a strong momentum often follows a movement in the same direction - a strong momentum gives no guarantee, just a chance, calculate your risk carefully!