FxSProMT indicator shows the current trend in the market and a change in trend.
- Ind_Period – Specifies the number of previous bars to calculate the actual values.
- Number_Bars – The number of bars displayed indicator. A large number of bars can significantly slow down the trading terminal.
- Signal_Sound – Signal changing trend. The signal may sound repeatedly until the signal is confirmed (closed bar). It is disabled by default.
- Signal_Alert – Alert when a change in trend.
- ShowCommen – Show information window.
- X_coord – X coordinate of the information window.
- Y_coord – Y coordinate information window.
On the chart the trading symbol of the trend is indicated by corresponding arrows:
- Green arrow – upward trend.
- Red arrow – downtrend.
Information window (white):
- Symbol AUDUSD – trading symbol.
- Price 0.74361 – symbol price.
- SpeedTick 0.0 (0.00 / 0.00) – the rate of price change of the current (max / average). The values will be visible after some time of operation of the indicator. SpeedTick – if the price change speed exceeds the value 3.0 – price movement is present (for 4 plate not relevant).
- Spread 1.2 (1.2 / 1.2) – the current spread (min / max).
- Timeframe – H1 (master).
- Currency pairs – any.
- Entrance to BUY – arrow indicator should be green.
- Entrance to SELL – the indicator arrow should be red.
Recommended use TakeProfit = 20 points, StopLoss = 20 points (for the H1 timeframe). Upon reaching the profit of 10 points – close the 1/2 position. The transport StopLoss on one of the levels:
- 1 – StopLoss tolerated by the amount of the profit.
- 2 – StopLoss tolerated at the opening price of the position + 1 point.
In any case we have in the market for break-even position. Lot warrant in this case must be at least 2 times greater than the minimum bid allowed by the broker.
FxSProMT indicator is used as the core. Also – you can use an additional indicator to confirm (to filter out false signals). It is recommended to use FxSPro-WPR oscillator to filter out false signals.
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