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ACB Breakout Arrows MT5

5

The ACB Breakout Arrows indicator provides a crucial entry signal in the market by detecting a special breakout pattern. The indicator constantly scans the chart for a settling momentum in one direction and provide the accurate entry signal right before the major move.

Get multi-symbol and multi-timeframe scanner from here - Scanner for ACB Breakout Arrows MT5


Key features

  • Stoploss and Take Profit levels are provided by the indicator.
  • Comes with a MTF Scanner dashboard which tracks the breakout signals across all the time-frames.
  • Suitable for Day Traders, Swing Traders, and Scalpers.
  • Optimized algorithm to increase the accuracy of signals.
  • Special level to facilitate the Breakeven move or scalping target(Quick Profit Line).
  • Performance analysis metrics such as win/loss, success rate, avg. profit etc.
  • No Repaint.


Trades Confirmation

- Use ACB Trade Filter indicator to filter out the low probability trades.

  • Strong Buy: Up Arrow + Green Histogram + Bullish Trend.
  • Strong Sell: Down Arrow + Red Histogram + Bearish Trend.
  • Avoid a trade if the histogram is Gray and Trend is Sideways.

(optional) -
 Use KT Support and Resistance Levels to avoid trade entry around a significant support/resistance level. Such trade entries can immediately turn negative and lead to unnecessary losses. 

“The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder


Input Parameters

  • History Bars: Number of bars to consider for Indicator's calculation.
  • Signal Sensitivity: Choose the Arrow's Sensitivity (signal strength).
  • Bars for SL: Numbers of bars to consider for Stop loss calculation.
  • Show Target Lines: Show/hide the SL, TP and Quick profit levels on the chart.
  • Performance Analysis: Show/hide the performance analysis elements included the profit trend line for each signal.
  • Alert Settings: Display box, Email, Push notifications and Sound alerts are available.


EA developers

// define array

double Buy_Arrow[];
double Sell_Arrow[];
double Buy_SL[];
double Sell_SL[];

//define indicator handle

int ACB_handle = iCustom(_Symbol,0,"Market/ACB Breakout Arrows");


// Copy buffers into arrays

CopyBuffer(ACB_handle,0,1,1,Buy_Arrow);
CopyBuffer(ACB_handle,1,1,1,Sell_Arrow);
CopyBuffer(ACB_handle,2,1,1,Buy_SL);
CopyBuffer(ACB_handle,3,1,1,Sell_SL);


if(Buy_Arrow[0]!=0) // Entry condition for Buy
if(Sell_Arrow[0]!=0) // Entry condition for Sell

Buy_SL[0]; // Buy Stoploss
Sell_SL[0]; // Sell Stoploss

// Fetching targets from charts

double Quick_Profit = NormalizeDouble(ObjectGetDouble(0,"FirstTarget",OBJPROP_PRICE),_Digits);
double First_Target = NormalizeDouble(ObjectGetDouble(0,"Target1",OBJPROP_PRICE),_Digits);
double Final_Target = NormalizeDouble(ObjectGetDouble(0,"Target2",OBJPROP_PRICE),_Digits);
Comentários 1
MarketWatch27378757
142
MarketWatch27378757 2022.01.05 19:20 
 

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Introduction to EFW Analytics EFW Analytics was designed to accomplish the statement "We trade because there are regularities in the financial market". EFW Analytics is a set of tools designed to maximize your trading performance by capturing the repeating fractal geometry, known as the fifth regularity in the financial market. The functionality of EFW Analytics consists of three parts. Firstly, Equilibrium Fractal Wave Index is an exploratory tool to support your trading logic to choose which r
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Naked Forex Kangaroo Tail Pro Indicator Kangaroo Tail Pro Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Kangaroo Tail is a multi-bar pattern. The Kangaroo Tail pattern is very effective and is very simple to trade. The strategy that comes with the Kangaroo Tail is based on price action. The indicator does what it was designed for: displaying Kangaroo Tail patterns.     Don't expect to follow the up and down arrows and make
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Versão 5.5 2022.03.10
- speed optimizations.
- Added the Light Mode which disables everything except the arrows and basic alerts.
- Added compatibility for our upcoming multi-symbol and multi-timeframe scanner.
Versão 5.1 2020.08.24
- fixed a bug that causes the data overflow in the performance analysis metrics.
- fixed the decimal precision for ASX200.
Versão 5.0 2020.07.13
- added a multi-timeframe scanner dashboard.
- added Max. Profit value in the performance analysis statistics.
- minor changes in the alerts.
Versão 4.8 2019.10.07
- added an ability to choose the quick profit, first target or final target as a success rate criterion.
- source code optimization.
Versão 4.6 2019.05.23
- bugs removal
Versão 4.5 2019.01.02
- added a more comprehensive performance analysis.
- source code optimization
- bugs removal
- added old-style text information instead of the moveable panel.
Versão 4.2 2018.10.04
- bugs removal.
Versão 4.1 2018.10.03
A panel related bug has been fixed.
Versão 4.0 2018.09.26
- Added a statistic panel to show the indicator performance metrics in real time.
- Old display information has been removed.
- Some other information has been removed which is not beneficial anymore.
- Source code optimization for faster execution.
Versão 3.1 2017.07.13
- Added pair and timeframe information in email and push alerts.
- Improved indicator speed by optimizing the signal algorithm.
- Removed bugs.