Magic TL mt5
Magic TL mt5 is a unique development for trading. The indicator constantly scans the chart, so it perfectly shows the origin of the trend and leads it to the very end.
With the Magic TL mt5 indicator, your trading will reach a new level. It is ideal for both beginners and experienced traders.
- Perfectly shows the trend and follows it to the very end.
- Responds quickly to changes in market movements.
- 100% does not redraw.
- Works on any time frame and with any symbols/instruments.
- Great for independent trading.
The recommended time frame is from H1 and above.
Green color – BUY direction.
Red color is the SELL direction.
Yellow is a high–risk area.
Gray color – possible change of direction.
Dynamic_disabling_of_yellow - when dynamics appear on the market, the yellow color turns off faster. True – on. False – off.
1 additional filter for the gray area - 1 additional filter for the gray area. Analyzes trading volumes and additionally includes a gray zone if there is a high risk of a change in market movement. True – on. False – off.
Additional check to confirm the direction - Additional check to confirm the referral. True – on. False – off.
Fast switching on and off yellow - quick and frequent switching on and off of yellow. The high-risk zone will turn on and off much more often. True – on. False – off.
2 additional filter for the gray area - 2 additional filter for the gray area. Analyzes trading volumes and additionally includes a gray zone if there is a high risk of a change in market movement. True – on. False – off.
Indicator above\below bars - The indicator is above\below the bars. Indentation in points. Configure it as you like.
Choose the optimal and convenient settings for your trading symbol and period.
How to trade using this indicator?
- Install the Magic TL mt5 indicator in your terminal.
- Enter the trade in the direction of the indicator.
- Exit the transaction when there is an increased risk (yellow indicator) and / or the gray area of the indicator. At your choice.
To use or not to use Stop Loss and Take Profit in trading is up to you. But the indicator itself reacts quickly to a change in movement and turns over very quickly when there is a sharp reversal of the trend in the market.
If you have any questions or need help, please contact me via private message.