The Mathematical Trader
- Indicadores
- Oliver John Vella
- Versão: 4.0
- Atualizado: 9 dezembro 2022
- Ativações: 5
The Mathematical Trader is a new addition to my highly profitable indicator products.
It can be used for scalping or catch the beginning of mid-term strong trends.
This is an MT5 indicator only that utilises several mathematical formulations and has been designed to run on any instrument and any time frame less than the daily time frame. The lower the timeframe the more frequent the signals.
The indicator will signal to you to go long (buy) or short (sell) if you see a green or red arrow next to the current candlestick respectively.
The indicator provides the best trading opportunities to you during the active trading hours of London and New York, but it will continue to give signals all day long and throughout the night but these signals are not considered to be taken seriously.
The indicator paints an arrow when the specific criteria are met, however, you must wait until the current candlestick has closed until you enter a trade.
The indicator only provides the signal to buy or to sell. It is your decision how much money you risk on each trade and it is also your responsibility to trade sensibly. The indicator does not provide any stop loss or take profit suggestions to you however I have found that the best stop loss placement is under the previous candle stick's low for a buy trade and above the previous candlestick's high for a sell trade. As for taking profits, my suggestion is that you use a trailing stop or use your own preferential indicators as support and resistance zones to exit the market.
Please take a look at the photos where you can see the blue and red signals to buy and sell respectively. All of the photos were taken on the 5 minute time frame of popular currency pairs and gold to show you the versatility of the indicator.
I hope that you can be more profitable when using this indicator.
Please let me know if you have any questions.
Thank you.
