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Fibo Trading System

This indicator is for those trading Engulf Candles – Bearish and Bullish.

It can also be used in conjunction with another trading system. What it does is that you can use it to measure a candle for a Risk Reward 1: 1 for an easily attainable target.

When attached to a chart, it picks on any current candle on the chart but if you want to use it with another candle, you will have to change the ‘0’ default value for current candle in the parameter setting to any value to get the candle position beginning with ‘1’ for the previous candle and count backward as you want. For instance, if you want to use it with fifth candle backward, the value will be 4, beginning with ‘0’ as the first candle which is the current candle. I do hope this is understandable enough for anyone.

When attached, it will draw lines on the candle specified in the parameter setting and each line will show its label:

  • First line is the Entry for a trade on the Engulf Candle which is the close of the Engulf candle or it may be the open price of the next candle if there is no gap.
  • Second line is the Stop-loss at the low or high of the Engulf candle
  • Third line will show breakeven area to turn your trade to risk-free
  • Fourth line shall be located at the tip of either low or high of the Engulf candle to provide double size of the Engulf candle for a Risk Reward 1:1

***Another amazing thing about this indicator is that it can be modified or adjusted by clicking on it and drag it whichever way you want or on any candle to change candle position.

Feel free to experiment with this wonderful indicator, it is the embellishment of the Fibonacci indicator, you can even use it with trend but with extra care depends on what you want to achieve with your trading.

Wishing you a wonderful experience as you use this indicator.

Cheers


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The breakout algorithm is a technique based on price, price features, to shape a breakout strategy. The strategy in this indicator will not be redrawn (none-repaint indicator), it is suitable for short or long term traders In the screenshot is the EURUSD pair, these currency pairs, commodities or stocks, it have similar strength *Non-Repainting (not redrawn) *For Metatrader4 Only *Great For Scalping *Great For Swing Trading *Arrow Entry, Green is Long, Red is Short *Works On Any Timeframe *Work
ACTUALMENTE 31% DE DESCONTO!! A melhor solução para qualquer novato ou comerciante especializado! Este indicador é uma ferramenta comercial única, de alta qualidade e acessível, porque incorporámos uma série de características proprietárias e uma fórmula secreta. Com apenas UM gráfico, dá alertas para todos os 28 pares de moedas. Imagine como a sua negociação irá melhorar porque é capaz de identificar o ponto exacto de desencadeamento de uma nova tendência ou oportunidade de escalada! Con
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
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Daniel Stein
4.6 (35)
Receba a sua atualização diária do mercado com detalhes e screenshots através do nosso Morning Briefing aqui no mql5 e no Telegram ! O Volume FX é o PRIMEIRO e ÚNICO indicador de volume que fornece uma visão REAL do sentimento do mercado do ponto de vista de um corretor. Ele fornece uma visão incrível de como os participantes do mercado institucional, como corretores, estão posicionados no mercado Forex, muito mais rápido do que os relatórios COT. Ver essas informações diretamente no seu gráfi
Currency Strength Exotics
Bernhard Schweigert
4.88 (33)
ACTUALMENTE 20% DE DESCONTO ! A melhor solução para qualquer novato ou comerciante especializado! Este Indicador é especializado para mostrar a força da moeda para quaisquer símbolos como Pares Exóticos de Commodities, Índices ou Futuros. É o primeiro do seu género, qualquer símbolo pode ser adicionado à 9ª linha para mostrar a verdadeira força da moeda de Ouro, Prata, Petróleo, DAX, US30, MXN, TRY, CNH etc. Esta é uma ferramenta de negociação única, de alta qualidade e acessível, porque in
ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance, HH/LL/HL/LH,    Fair Value Gap, FVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF Market Structure, 
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Versão 1.3 2022.08.22
New updates in version 1.3:

1. It now shows the amount of exact pips for the engulfing candle selected by the system for trading and the amount determines the Profit target and the Risk for the trade in R.R.R 1:1.

2. It also show the right color for each candle if it is BUY (Green) or SELL (Red).

More updates coming as we discover more ways to make this indicator improve in interface, rewards and easier to use.

Thanks and cheers.
Versão 1.2 2021.05.14
Version 1.2 Updates

*** Discovered a bug and removed it.

Thanks
Versão 1.1 2021.04.17
Updated Version 1.1

1. Removed the Indicator's name and Author's copyrights display on the Chart to avoid distractions

2. Coded the indicator to recognize the Engulfing candles by itself and point them out with arrows on the chart

3. The Indicator can now be used on H1, H4 and D1 time frames, although the MA still remains EMA30 and cannot be modified.

4. To temporarily clear off the fibo lines that mark out the SL, ENTRY, BE and TP pending the time new engulfing candle be sighted, you can go to parameters and replace the current value in the "Candle's Position" box with the newly formed engulfing candle's position (with the number from 0 as the current candle and the previous is 1, the next previous is 2 etc) on the chart and it will plot all the order parameters - SL, ENTRY, BE and TP for you afresh. After you have opened an order and set those parameters as given by the indicator, you can go back to the indicator's parameter and click on "Reset", it will immediately clear off the lines plotted on the chart to have a clean window without lines anymore.

5. More updates coming on the way as the researches are going on and also based on the users' experiences and feedbacks to make it easier and better to be used for improved incomes or profits

***To make it easier to use, you can message me directly on the Telegram (search for @Opengates) for the Indicator's Template and PDF users' guide for instant download, read and follow the instructions on installations and implementations.

To qualify for our 50% discount on all our product, visit the website below:
https://www.forexdashboards.com

Cheers and thanks for your interest in our products!