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Naked Forex Kangaroo Tail for MT5

Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Commodities, Metals, Cryptos.

The Kangaroo Tail is a simple and very effective pattern to trade.

The strategy that comes with the Kangaroo Tail is purely based on price action.

Inputs:

  • CandleSizeATR: filter signals depending on the size of candle (0.5 to 1.5 recommended range of values)
  • TradeDirection (Long/Short/LongAndShort): filter signals for BUY and SELL
  • Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol
  • MaxBars: maximum number of bars back to calculate searching for signals 
  • UsePreAlerts (true/false): to enable pre-alerts. It is required to set this value to true if you want to receive pre-alerts.
  • PreAlertsSeconds (30): time in seconds before the close of the candle when pre-alerts will be activated (pre-alerts can disappear).
  • UseConfirmedSignals (true/false): generate alerts for confirmed signals (at the close of the bar). It is required to set this value to true if you want to receive confirmed signals alerts.
  • PopupAlerts (true/false): to enable alerts of type Popup window
  • EmailAlerts (true/false): to enable alerts of type Email
  • PushAlers (true/false): to enable alerts of type Push Notification
  • SoundAlerts (true/false): to enable alerts of type Sound
  • SoundFile: file to be used for sound alerts
  • TestSound (true/false) : plays selected sound at init time to check that sound is working fine

Trading rules:

  • For BUY: wait for a bullish Kangaroo Tail to print on a support zone after a down trend. Wait for price to break high of the Kangaroo Tail candle (5 pips above the high for H1 and higher time frames). Immediately enter in the trade once high is broken. You also can use a BUY STOP order placed 5 pips above the high of the candle (plus spread). Stop Loss should be placed below the low of the Kangaroo Tail candle. If order is not triggered in the next candle then trade is invalidated and should be canceled.
  • For SELL: wait for a bearish Kangaroo Tail to print on resistance zone after an up trend. Wait for price to break the low of the Kangaroo Tail candle (5 pips below the low for H1 and higher time frames). Immediately enter in the trade once low is broken. You also can use a SELL STOP order place 5 pips below the low of the candle. Stop Loss should be placed above the high of the Kangaroo Tail candle. If order is not triggered in the next candle then trade is invalidated and should be canceled.

To draw the support and resistance levels to trade with the Kangaroo Tail, you can use the Fx Levels indicator: https://www.mql5.com/en/market/product/23089

We also offer the Naked Forex Big Shadow indicator that might interest you: https://www.mql5.com/en/market/product/23074

The Kangaroo Tail indicator can be used with any time frame.

The Kangaroo Tail indicator can be used with any class of asset: Forex, Binary Options, Futures, Commodities, Stocks.

Learn a simple and effective strategy with the Kangaroo Tail. We offer FREE educational program for all users. Do not hesitate to contact us for more information and to register for FREE. 


Warning:

Beware that most Mac users cannot use custom indicators with Metatrader. Please contact us in private prior to purchase if your are Mac user.

Beware that Metatrader for Android and Metatrader web versions do not support custom indicators. Our product will not work with those Metatrader versions. Only works with Windows 32 and 64 bits application versions of Metatrader.


Comentários 1
Mohammed Oualid Amirat
25
Mohammed Oualid Amirat 2020.08.26 19:10 
 

Good app that helps you In technical analysis

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Este é sem dúvida o indicador de reconhecimento automático de formação de preço harmônico mais completo que você pode encontrar para a MetaTrader Platform. Ele detecta 19 padrões diferentes, leva as projeções de Fibonacci tão a sério quanto você, exibe a Zona de Reversão Potencial (PRZ) e encontra níveis adequados de stop loss e take-profit. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Detecta 19 formações harmônicas de preços diferentes Tr
299 USD
PZ Divergence Trading MT5
PZ Divergence Trading MT5
Arturo Lopez Perez
Difícil de encontrar e com pouca frequência, as divergências são um dos cenários de negociação mais confiáveis. Este indicador localiza e verifica automaticamente divergências ocultas e regulares usando seu oscilador favorito. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Fácil de trocar Encontra divergências regulares e ocultas Suporta muitos osciladores conhecidos Implementa sinais de negociação baseados em fugas Exibe níveis adequados de
299 USD
Trend Expert
Trend Expert
Alexander Sovpel
TrendExpert indicator - predicts a rise or fall in prices and generates accurate BUY and SELL trade signals The results of tests have shown a share of profitable trades of 75% and higher , depending on the trading instrument. This indicator was developed by a team of professional traders. The algorithm is based on the Dow Jones theory , which analyzes prices in financial markets and has proven its profitability. The TrendExpert indicator is designed to accurately predict future price chang
749 USD
Harmonic ABCD Monitor MT5
Harmonic ABCD Monitor MT5
Mihail Matkovskij
Multi-currency, multi-timeframe, harmonic pattern indicator AB = CD. Supports sending push notifications about signals to a mobile device, messages on e-mail, as well as messages using alerts on all available currency pairs and timeframes. This indicator was based on the indicator Harmonic ABCD Universal. Version for MetaTrader 5:  https://www.mql5.com/en/market/product/44972 . See also: Harmonic ABCD Universal for MetaTrader 4 . Using modern software development methods has made the indicator a
230 USD
Volume by Price Pro MT5
Volume by Price Pro MT5
Brian Collard
The ' Volume by Price ' indicator displays the complex relations between volume , price and time in easy to interpret forms. Volume Profile and Market Profile along Volume Weighted Average Price to identify key levels and ranges. Instantly load basic or advanced compositions. Various range selection methods including drag and drop. Labels to indicate the scale and scope of data displayed, and comprehensive styling by attributes such as color, size, area etc. Available in   two   editions   fro
349 USD
VTrende
VTrende
Andrey Dyachenko
VTrende - MTF indicator for trend trading with a display panel for MT5 Although the signals of the VTrende indicator can be used as signals of a full-fledged trading system, it is recommended to use them in conjunction with the Bill Williams TS. The main task of the indicator - is to determine the points of change in the direction of the trend. The indicator signal appears in two versions: Advance - when the trend ends To be continued - when the trend is already on The indicator sho
497 USD
Matreshka
Matreshka
Dimitr Trifonov
Matreshka self-testing and self-optimizing indicator: 1. Is an interpretation of the Elliott Wave Analysis Theory. 2. Based on the principle of the indicator type ZigZag, and the waves are based on the principle of interpretation of the theory of DeMark. 3. Filters waves in length and height. 4. Draws up to six levels of ZigZag at the same time, tracking waves of different orders. 5. Marks Pulsed and Recoil Waves. 6. Draws arrows to open positions 7. Draws three channels. 8. Notes support and re
245 USD
Fractal Pattern Scanner MT5
Fractal Pattern Scanner MT5
Young Ho Seo
Breakout Trading and Reveral Trading Fractal Pattern Scanner will do the complicated calculation at background. However, it provides simple trading operation. The Mother Wave pattern will provide you breakout trading opportunity. When the price crosses the breakout line, there is a good chance to catch profit from this breakout. The good thing is that it also provides the potential reversal price level as soon as the breakout pattern is detected. In summary, you use breakout for the first profi
220 USD
PZ Day Trading MT5
PZ Day Trading MT5
Arturo Lopez Perez
Este indicador detecta reversões de preços em zigue-zague, usando apenas análise de ação de preços e um canal donchiano. Ele foi projetado especificamente para negociações de curto prazo, sem repintar ou retroceder. É uma ferramenta fantástica para traders astutos, com o objetivo de aumentar o tempo de suas operações. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Surpreendentemente fácil de negociar Fornece valor em cada período de tempo Imple
299 USD
ScalpEX
ScalpEX
Dmitry Brilyakov
Indicator for scalping and intraday trading. The indicator is developed based on vertical and cluster volumes (delta buy and sell). It works only with instruments with market data. Developed for the e-mini S & P500 futures.  The working time frame is 1 minute. It is NOT for the FOREX market! The indicator shows on the chart the price for opening a trade and the direction of the trade (buy or sell). The indicator also shows the cancellation of the transaction. A green tint is a purchase. Red tint
500 USD
Spike Detector
Spike Detector
Tete Adate Adjete
this indicator is a Spike detector indicator, it is specially designed to trade Boom and Crash index However, it can trade other market assets. Its setting is intuitive, familiar, easy to use it has notification functions; audible notifications and push notifications. the latter setting can be changed as desired this tool is simple to use, easy to handle it is based on the stochastic indicator
1 500 USD
X3 Chart Pattern Scanner MT5
X3 Chart Pattern Scanner MT5
Young Ho Seo
Introduction to X3 Chart Pattern Scanner X3 Chart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individua
280 USD
Vix75 keystrategy
Vix75 keystrategy
Thina Justice Mashavhathanga
A vix75 strategy that will keep you on the right side of the market more often, no fancy looks it does the work , its based on pure price action including candlestick patterns and it works on all timeframes (recommendation below) . The system also has proper risk management with stop loss and take profit levels( maximum risk ratio is 1:3) consisting of take profit 1 to 3 and alerts setting to get messages when there's a signal. keystrategy is the way for you to be a profitable trader. You enter
300 USD
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Round Numbers Indicator
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BinaryG Market Analyzer
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BinaryMagic Reversal
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Keltner Channel Indicator
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Trend Direction ADX
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Renaud Candel
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Volatility Strength
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Renaud Candel
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Binary Reversal Seeker
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Renaud Candel
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Trend Strength M Indicator
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Heiken Color Indicator
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Renaud Candel
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Money Manager Indicator
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Money Manager EA
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Renaud Candel
Money Manager is an exclusive panel to process all calculations related to position sizing and risk management. Position sizing is one of the most important aspect in trading. It is often neglected by traders and this is a big mistake. Traders often look for strategies with high win rates whereas in fact one can earn very good money in the market with only 40% to 50% winning rate. How is that possible to earn money with such a low winning rate? The answer is position sizing and risk management.
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Bar Strength Indicator
Bar Strength Indicator
Renaud Candel
BarStrength Indicator is an exclusive indicator to trade Forex, Stocks, Indices, Futures, Commodities and Cryptos. BarStrength Indicator shows the strength of each candle. The indicator shows in a separate windows candles relatively to 2 price levels representing resistance and support in the market. Once candle is near resistance it is highly probable that price movement will change direction and will go down in the next candles. Once candle is near support it is highly probable that price move
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Trend Direction UD Indicator
Trend Direction UD Indicator
Renaud Candel
Trend Direction UD is part of a series of indicators used to characterize market conditions. Almost any strategy only works under certain market conditions. Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc.. Trend Direction UD is an indicator to be used to characterize trend direction: trending up trending down ranging Trend Direction UD is based on technical analysis. Trend Direction UD displays easy to read inf
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Micro Trend System
Micro Trend System
Renaud Candel
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HighLow Arrow Indi Free Version
HighLow Arrow Indi Free Version
Renaud Candel
HighLow Arrow is a simple indicator to be used to signal major lows and major highs in your chart. This indicator is not intended to be used to trade. It is just a visual help to have clean chart and see price action. The HighLow Arrow is used by traders using the Micro Trend System ( https://www.mql5.com/en/market/product/20589 ). In this case the HighLow Arrow indicator signals that a new high or a new low is forming and that traders can prepare for seeking new signals with the Micro Trend Sys
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Micro Trend Arrow
Micro Trend Arrow
Renaud Candel
Micro Trend Arrow is an exclusive indicator that combine more than 4 trend indicators and that come with a set of rules to trade Binary Options. Micro Trend Arrow is based on Micro Trend System ( https://www.mql5.com/en/market/product/20589 ) with further signal filters and use of arrows that display in the chart to show signals. Most trading systems look for tops and bottoms to enter trades but this is very tricky to trade this way. The Micro Trend Arrow looks for a micro trend and for continua
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Easy Fibo Indicator
Easy Fibo Indicator
Renaud Candel
EasyFibo is an exclusive indicator to use fibo levels in a very simple way. Fibonacci levels is a very important tool in trading, used by technical as well as fundamental traders. Unfortunately usual fibo indicators are difficult to use. Now with EasyFibo it is easy to use fibo levels to trade. The indicator uses color codes to identify the extensions levels that match with the pullbacks levels. Once you identify a pullback in a trend you can easily set your profit target using the EasyFibo indi
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Mohammed Oualid Amirat
25
Mohammed Oualid Amirat 2020.08.26 19:10 
 

Good app that helps you In technical analysis

Responder ao comentário
Versão 1.90 2020.10.01
Correction of alerts
Versão 1.80 2020.06.11
Upgrade to the latest MetaTrader 5 version build 2485
Versão 1.60 2020.05.27
Check of size filter
Versão 1.50 2020.05.26
Correction of alerts
Versão 1.40 2020.05.25
Code optimization
Versão 1.30 2020.05.25
Correction of display of arrows