Damyan Malinov
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6+ yıl
deneyim
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2
ürünler
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116
demo sürümleri
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0
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Damyan Malinov
Additional PSI improvements. Most notable the Account Detailed Report now has a function to stack together partially closed orders as one single trade.
If you have an open trade and you closed 3 partials in profit out of it and price eventually hits your stop loss at BE MetaTrader4 will register that as 3 small wins out of 4 trades. In reality this is just 1 actual trade that is a combination of 4 separate partial closes.
Another example your first trade hits your stop loss. You make another trade and compensate for it as along the way you managed to close 6 partials on profit. MetaTrader4 will report that you have 6 tiny wins and 1 big loss. In reality you traded only two times and managed to pull a small win for the day. This way MetaTrader4 skews the statistics for win to lose ratio making it unrealistically high or the stats of the biggest win towards the biggest loss making them very bad and so on important statistics. The PSI Detailed Report address that issue.
If you have an open trade and you closed 3 partials in profit out of it and price eventually hits your stop loss at BE MetaTrader4 will register that as 3 small wins out of 4 trades. In reality this is just 1 actual trade that is a combination of 4 separate partial closes.
Another example your first trade hits your stop loss. You make another trade and compensate for it as along the way you managed to close 6 partials on profit. MetaTrader4 will report that you have 6 tiny wins and 1 big loss. In reality you traded only two times and managed to pull a small win for the day. This way MetaTrader4 skews the statistics for win to lose ratio making it unrealistically high or the stats of the biggest win towards the biggest loss making them very bad and so on important statistics. The PSI Detailed Report address that issue.
Damyan Malinov
Latest version of the PSI tool delivers new special look aimed to bring you Detailed Account Statement for all important statistics. The integrated MT4 is not accurate. It does not account correctly for Deposits, Withdrawals and completely ignores cases like hedged trades, break-even trades, other broker related credits, bonuses and so on events and as a result all statistics like draw-down, total trades, average win size, rate and so on are totally skewed. PSI corrects these mistakes. In the example below a demo account was aimed to represent such case. The Maximal and Relative Draw-down according to MT4 were whooping 44% while the majority of this draw-down was achieved at time when the account was more then 10 times bigger after a huge deposit. So in a effect all trades were partitioned by their contribution at the account current state. So in reality the draw-down was much smaller in % terms at all times. In addition there are other tools and statistics. Like holding time, consecutive trades, two nearest Peaks and latest recovery against them. This is useful if you follow ICT recommended MM tactics to dial down risk after a loss and dial up only if you recover at least 50% of the latest drop in equity. You can also target the Report for only one specific instrument and ignore others or add or subtract amounts from the balance to fit your specific needs. Let say you deposited only 20% of your dedicated money at the broker and leave the rest at your account but you trade as if you deposited them fully. So with this indicator your account statistics will be based on the full dedicated amount not what is shown in MT4. In addition to the Account Report there is an option to totally ignore any Transfers (Deposits, Withdrawals, Broker related funds) and just focus on the statistics with Simulated Starting Amount. It works also in conjunction with focusing option on a particular pair only.
Damyan Malinov
Latest version of the PSI tool adds ICT Fractals (or 3 consecutive candles price swing study) as well other options hiding labels, buttons or both but keep some the price studies on chart.
Damyan Malinov
Latest PSI updates include the following:
• Lots of improvements on the Forex Sessions and the Day on Focus ranges. Also added ICT Killzones with ability to focus the range on the majority of the volume (candle bodies) instead of the candle wicks.
• Added range labels for all sessions as well as other tool-tip descriptions for each plotted line or tool.
• Added special button layout with minimum names and space taken.
• Divided the tool different options in categories with most frequently changed options on top for better use and customization.
• Each category has basic explanation and credits the popular and original source for its inspiration. Research on these is recommended.
• New button for easy switch between primary and secondary favorite display options.
• New On/Off button to hide and to display the selected options. Useful if for a moment the user wants to hide the labels for more chart area.
• Added Vertical Line for the NY Midnight Open or any custom period.
• Also the AVR Price and Past Results have new abilities like:
- add dividends for past performance results;
- new other options for Allowed Margin tolerance on new trades;
- display spread as percentage from the current candle range;
• Lots of improvements on the Forex Sessions and the Day on Focus ranges. Also added ICT Killzones with ability to focus the range on the majority of the volume (candle bodies) instead of the candle wicks.
• Added range labels for all sessions as well as other tool-tip descriptions for each plotted line or tool.
• Added special button layout with minimum names and space taken.
• Divided the tool different options in categories with most frequently changed options on top for better use and customization.
• Each category has basic explanation and credits the popular and original source for its inspiration. Research on these is recommended.
• New button for easy switch between primary and secondary favorite display options.
• New On/Off button to hide and to display the selected options. Useful if for a moment the user wants to hide the labels for more chart area.
• Added Vertical Line for the NY Midnight Open or any custom period.
• Also the AVR Price and Past Results have new abilities like:
- add dividends for past performance results;
- new other options for Allowed Margin tolerance on new trades;
- display spread as percentage from the current candle range;
Damyan Malinov
Enjoy Free some of the features of PSI Indicator with the PSI AVR Price
PSI AVR Price plots the Average Price, the Stop-Out level, Result, Account Information, Exposure Limits and much more like:
- You can add daily result to the Average Price or All-time results and even manual profit or loss from other account to reflect the Break Even Level you are interested in;
- Manual commentaries or Symbol description with the daily change;
- Buttons, labels, full and light version, ATR in the Data Window and so on;
PSI AVR Price plots the Average Price, the Stop-Out level, Result, Account Information, Exposure Limits and much more like:
- You can add daily result to the Average Price or All-time results and even manual profit or loss from other account to reflect the Break Even Level you are interested in;
- Manual commentaries or Symbol description with the daily change;
- Buttons, labels, full and light version, ATR in the Data Window and so on;
Damyan Malinov
Added new functionalities to PSI.
New buttons for the highlighting of the sessions and ability to highlight specific day of week. Example last few Friday sessions.
New buttons for the highlighting of the sessions and ability to highlight specific day of week. Example last few Friday sessions.
Damyan Malinov
Added new functionalities to PSI.
Among them auto map major Highs and Lows for the past and current month and week. Grid line on common institutional levels Zero, 50 plus 20 and 80 level. New York Open Price (price during Midnight hour of NY Time) and Potential 33 pip target for a London High on Bearish Bias Day or vice versa.
As well as Manual Stop Loss, Take Profit targets and Manual Entry price for Money Management simulation on the outcome.
Added Clear Button to clear the Chart from manually drawn objects (or by changing the time frame). In order to keep your objects rename them (maybe just add some prefix).
Among them auto map major Highs and Lows for the past and current month and week. Grid line on common institutional levels Zero, 50 plus 20 and 80 level. New York Open Price (price during Midnight hour of NY Time) and Potential 33 pip target for a London High on Bearish Bias Day or vice versa.
As well as Manual Stop Loss, Take Profit targets and Manual Entry price for Money Management simulation on the outcome.
Added Clear Button to clear the Chart from manually drawn objects (or by changing the time frame). In order to keep your objects rename them (maybe just add some prefix).
Damyan Malinov
Added new functionalities to PSI.
Among them warnings if Margin Requirements are exceeded or when preset Margin Level is Reach for new position. This means the Risk should be lower to lower the Position Size. Either by lowering the Risk or manually prefer lower ATR.
Also there is a warning if a traded based on the last closed price already hit stop loss or take profit is not valid.
Added new button for ATR Stop Loss and Take Profits calculated based on the Live Prices or much better on the last candle Closed price.
Close means that the referential price for entry is the last candle close. This gives advantage to enter in much better risk to reward ratios (if you delay your entry for some reason) and the targets are calculated on the time of the signal. This is due to the fact the majority of indicator signals or price action patterns are confirmed only after the candle is closed not during its shaping.
If you are much closer to the candle's closing (something you can also check in the indicator under in the candle remaining time) you may switch to Live prices as they will be much more closer to the next referential price as the previous one could be already way off.
Among them warnings if Margin Requirements are exceeded or when preset Margin Level is Reach for new position. This means the Risk should be lower to lower the Position Size. Either by lowering the Risk or manually prefer lower ATR.
Also there is a warning if a traded based on the last closed price already hit stop loss or take profit is not valid.
Added new button for ATR Stop Loss and Take Profits calculated based on the Live Prices or much better on the last candle Closed price.
Close means that the referential price for entry is the last candle close. This gives advantage to enter in much better risk to reward ratios (if you delay your entry for some reason) and the targets are calculated on the time of the signal. This is due to the fact the majority of indicator signals or price action patterns are confirmed only after the candle is closed not during its shaping.
If you are much closer to the candle's closing (something you can also check in the indicator under in the candle remaining time) you may switch to Live prices as they will be much more closer to the next referential price as the previous one could be already way off.
Damyan Malinov
Check the bundle between Flexible ATR, Gold vs DJI30 and Gold to Silver ratio indicators.
Damyan Malinov
Check out two Gold ratio indicators. Compare DJI30 and Silver to Gold with Gold vs Silver and Gold vs DJI30 indicators.