The indicator displays indexes of eight major currencies and also can calculate index of any other currency, metal, CFD, etc. The indicator looks for market sentiment impulses and notifies traders accordingly. HMA with a slow period identifies the trend, while HMA with a fast period determines the short-term movements and signals in the trend direction. Advanced indicator designed for binary options which predicts the outcome of the next bar 1 Bar Expiry. Extract Candle Power is the real time Sellers and Buyers volume extractor of the candle.
This should be used to reject buy signals that might occur on overbought areas or sell signals that happen in oversold areas. This Metatrader expert advisor is similar to the Fluid expert adviser and its main functions are basically the same. The EA can detect the trend and trade accordingly, as well as hedge and recover the losses from a losing trade. Of course, classic stop-loss, break-even and trailing stop are also possible. The trend can be defined by the color of the trend nonlagma, the price position regarding this nonlagma or both see pic above of these options.
For the EA to consider closing a trade or a basket of trades at the non-lag moving average signal, the profit must be higher or equal to the MinProfit. To trade using the expert advisor as it was designed to do, the trader must first choose an option for the EA to establish the trend.
The second nonlagma indicator is used to enter - and if the trader chooses so, to exit - a trade. Exiting a trade at the nonlagma reverse signal may ensure that the trader has closed the trade at the right moment, just before the trend would reverse. This Metatrader indicator was designed to help trend traders trading with the trend. The indicator also spots the swings and changes the color of the candles to help the trend trader spot the right entry for his trade.
The timeframe left-up shows the color of the current candle for all the time-frames available in Metatrader. Other trend indicators like MACD, PSAR or moving average can also be used to identify the trend right-upper corner as well as the Stochastic oscillator to confirm the trade entries. The trader can choose any other values depending on the traded pair. Following the trend, the EA sells when the MACD main line drops below the signal line and it buys when the main crosses the signal, up.
The stop-loss and the take-profit are set immediately after the trade is opened, making this expert advisor compatible with the ECN brokers. In the example below, using the default settings settings, the MACD EA opened three trades maximum allowed when the trend was up, the MACD raised above the signal line and the Stochastic was oversold, and managed to close one by trailing stop and the other two at take profit.
The main idea that led to this Trailing Stop EA was that many traders are not so good at managing winning trades. It often happens that traders get too greedy or too scared and so they poorly manage an opened trade. Unfortunately, managing an opened trade is much harder than opening a trade.
When this happens, the winning trade is usually closed:. Using the RobotFX Trailing Stop expert advisor for Metatrader, traders can cash in safer without having to continuously monitor their trades. So the purpose of the Trailing Stop EA is to eliminate those frustrating situations when you close a trade earlier than you should and the price continues to go in your favor, or when you wait for to long and the price reverses, so your winning trade becomes a losing trade.
Also, that the expert advisor can trail multiple trades basket of the same kind. The Donchian Channel MTF indicator can display the Donchian channel for any given time-frame which is higher or equal to the current timeframe. The trader has the option to set the timeframe of the Donchian channel and to choose whether the channel will be drawn based on the highs and lows of the candles or their open and close. Above you can see the Donchian channel that corresponds to the H4 time-frame minutes displayed on the H1 chart.
Forex expert advisors or forex EA are automated trading systems robot fx programmed for the Metatrader platform. These forex trading robots are designed to trade forex automatically, without the trader's intervention. When choosing a FX EA trading robot it is important to understand how the fx robot trades, how it opens a trade and manages the opened forex trades. Also known as forex technical indicators , a technical MetaTrader indicator is generated by a mathematical calculation based on historic price data, aiming to forecast market direction.
A robot trading forex FX EA can make use of such indicators and even load them on the trading chart, however since the indicators are based on previous data they shouldn't be blindly trusted. Metatrader scripts can be used to start multiple forex operations or the same operation on multiple charts, just like the forex robots. Usually they are set to run only one time unlike the forex expert advisors but here are also scripts that can run in the background, performing the same operation in a loop.
MetaTrader templates are pre-defined settings for charting. They help the forex trader to quickly customize a chart by simply loading the template to it, instead of having to place objects, MetaTrader indicators or forex expert advisors every time they open a new chart. A forex strategy represents a set of analyses that a forex trader uses to determine whether to buy or sell a currency pair at any given time. Successful forex trading strategies can be based on technical analysis charting tools or fundamental, news-based events.
It is widely accepted that one of the biggest mistakes new traders do is to migrate from one forex trading strategy to another forex trading strategy , therefore never learning to trade a specific forex strategy. The foreign exchange market forex , FX, or currency market is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. It is a fast-growing and one of the most heavily traded markets in the world.
The daily trading turnover on Forex is worth almost 4 trillion US dollars. The currency trading brokers forex brokers are firms that provide currency traders with access to a trading platform that allows them to buy and sell foreign currencies. A currency trading broker, also known as a retail forex broker , or forex broker , handles a very small portion of the volume of the overall foreign exchange market. Currency traders use these FX brokers to access the hour currency market.
MetaTrader is a trading platform developed by MetaQuotes Software for online trading in the forex, contract for differences CFDs and futures markets. MT4 or MT5, as they are commonly known, can be downloaded for free directly from the MetaQuotes web site metaquotes.
All depends on the currency pair and the time frame you trade with. Check out this page: How to install custom indicators. I leave Autodisplay set to false the default setting. I don't know how it'll work when set to True. I have installed the indicator but all i am getting "n" To trader who asked about downloading: Use the following parameters: Another use of the Forex Freedom Indicator is to observe and trade on price pullbacks.
For, example, if we have: Daily - red, 4 hour - red, 1 hour - red, but 15 min - blue there is a retracement on 15 min chart, it is a good idea to check out the 15 min price chart and watch for good entry opportunities at the end of the retracement.
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