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Certainly! Let me introduce you to a powerful tool for MetaTrader 5 (MT5) that can automatically identify and draw support and resistance (S&R) levels on your trading charts. This tool is called the “Support and Resistance Levels Guru” . Support Resistance Levels Guru The Support & Resistance Indicator automatically displays essential S&R levels on your chart. These levels are crucial for technical analysis and are used by many traders. Resistance levels (zones) are shown in R
The Ultimate Trend and Reversals Detector The Ultimate Trend and Reversals Detector is a powerful tool designed to identify potential trend reversal zones in the financial markets. Here are the key features: Objective : Detect trend directions and reversals. Signal Colors : Green : Indicates a potential bullish trend reversal. Red : Signals a potential bearish trend reversal. Non-Repainting : The indicator’s signals are not redrawn, providing reliable information. Suitable for All Styles
Expert Advisor (EA) Description: Multi-Currency Trading with News Filter 1. Overview: The EA is designed to trade multiple currency pairs efficiently. It incorporates a robust news filter to avoid trading during high-impact news events. It has been thoroughly tested using FTMO data and is suitable for prop firms. 2. Key Features: a. Multi-Currency Trading: The EA supports simultaneous trading across various currency pairs. It dynamically adjusts position sizes based on market conditions and
Certainly! Let me provide descriptions for the News Filter tools available on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms: News Filter for MT4 : Description : The News Filter for MT4 is an expert advisor (EA) template that allows traders to manage their positions during news events. It downloads news data from investing.com without using any external DLLs (Dynamic Link Libraries). Traders can customize their actions based on news releases. Features : Automatic News Detection : The
Ladies and gentlemen, let me explain a simple tool that can help adjust stop-loss positions based on historical data and customized distance. Tool Name: Trailing Stop Pro Description: A trailing stop is a risk management tool commonly used in trading. It allows traders to set a dynamic stop-loss level that automatically adjusts as the price moves in their favor. Here’s how it works: Initial Stop-Loss: When you enter a trade, you set an initial stop-loss level. This is the price at which you’re