PTR ReverseWorld is not just an indicator, it is a complete trading tool.
This product works on all the forex symbols generating arrow signals which get drawn on the chart and notified by pop-up and by smartphone notifications.
But that’s not all, in fact, each signal is treated as a real trade with dynamic Takeprofit and trailing Stoploss.
The algorithm behind the PTR ReverseWorld implements a mechanism which permits the accurate intercept of trend reverse opportunities.
You will be able to get these signals on the timeframes that go from M15 to H4.
Also for every cross/timeframe you will have the chance to automatically backtest the strategy with no effort at all.
In fact, an accurate backtest report will be immediately printed on the chart.
This report gives all the information you need in order to make your trades more effective and conscious.
The strategy of the PTR ReverseWorld is customizable.
The user is able to define a few technical parameter by simply clicking the buttons present on the chart.
These include: BUY and/or SELL, SignalFrequency, Stoploss type and Stoploss amplitude (explained below).
The indicator is really easy to use.
It's enough to import it on the chart and click on the button "Initialize".
Then the report will be shown on the chart and the other buttons as well.
Here's the explanation for all the input parameters.AlertsMessage: When true the signals get shown with a pop-up message
AlertsNotification: When true the signals get shown with a notification via MetaQuotesID (f.i. your smartphone with the metatrader app installed)
Signals are generated for new trades and also for Takprofit/Stoploss reached.
ButtonPosition: Top-Center to have the buttons on the upper center part of the chart (for expanded chart windows). Bottom-Left to get button smaller on the down-left corner of the chart.
ArrowDistance: Near/Far. Just for graphic personal taste.HistoricalMode: This allows to select time period to consider. When Backtest Date is selected then the following 2 inputs values range is considered. Otherwise the last 4, 3, 2 or 1 months.
BacktestEndDate: As above for end period.
TimePeriodFrom/TimePeriodTo: Time period, used ONLY when TimePeriod = true
LotSize: The size defined here allows the indicator to calculate the Total Net Potential Profitshown on the report.
StopLossType: Here the users can decide if base the Stoploss on a fixed number of pips (selecting Based on fixed PIPs) or on the variable volatility of the instrument (choosing Based on ATR).
StopLossAmplitude: Distance of the Stoploss from the enter point: Low/Medium/High.
BarNumberOptionTrading: This "special" input lets the trader to decide which bar has to be considered for the report voice "Positive at xth bar closing" (the very last one of the report). For instance by choosing 1 the percentage number will tell how often the trade has been positive after the closing of the first bar.