The distance between the minimum and the dot is estimated visually (the less the better). The indicator paints a green dot which is above the rising candlestick’s minimum value.In different market conditions the indicator’s parameters can be changed providing that it has been tested on demo or cent account before. Shift (horizontal shift of the indicator) - 0.Deviation (vertical shift of the indicator) - 0.AppliedPrice (the price type for using in calculations) - 0. The tools advantage is extensive use time frame from M15 (conditions flexible enough for strategies with different time frames), and currency pairs are all volatile pairs (from euro and dollar to Swiss franc). Signals are formed on the base of price changing cosine. Sell position is opened under the same conditions when a red arrow appears.įorex arrow trend indicator Dots signals a successful position to a trader not by arrows but by dots, but the essence is the same. To use trailing stop you need to have VPS-server, as when the connection is lost the trailing stop doesn’t work. The remaining position should be insured by trailing stop at the distance of 15 points. When profit reaches 15 points we move to stop loss to the transaction opening point (breakeven) and close 50 % of the transaction.When Sidus paints a green arrow we open a long position on the next candlestick.Best indicator settings are fast EMA period -14, slow EMA period -21, RSI period - 14. And vice versa, the short position should be opened when RSI is below 50 and fast-moving is below slow one.ĭo not trade using this strategy at the moment of the news release, choose the time frame not less than H1, H4 is better, apply the strategy to the EUR/USD currency pair. Sidus gives buy signals when fast EMA is above slow EMA, RSI is above level 50. The indicator is based on two popular tools, classical RSI and EMA (exponential moving average). SidusĬombined indicator Sidus 2v indicates the points of entering by arrows the red one is for sell position, the green one is for buy. To install the template, you need to go to “File” menu, choose the section “Data catalogue” and move the template to the “Templates” folder, move the indicators to "MQL4" - "Indicators" folder. You can also download the indicators for MT4 following the links (or find them on your own on the Internet). The indicator should have an open-source software for a trader to understand its working principle and make any corrections if necessary.įurther I will give as an example two arrow indicators strategies which can be used even by novice traders.And the efficiency shouldn’t be less than 70% of successful signals. You should test it on demo account in at least 100 transactions (the number depends on the signal appearing frequency).One gives more precise signals in flat trading, another - in trend trading and the other one -in long-term trading. It is better to choose the indicator according to a particular strategy.How to choose a good Forex arrow trend indicator The fundamental factors need to be observed when applying the indicators.The indicators are better to be used in medium and long-term trading in H1 time frames.Problems with quotations supply, price noise, indicators lag all these factors can cause an indicator to repaint signals and as a result, an opened position will be loss-making. The indicators can hardly be implemented in scalping strategies. They are visually convenient and reduce a trader’s psychological and eye strain.ĭisadvantages of Forex arrow trend indicators.Arrow Indicators are already conveniently combined and have simplified settings. A trader doesn’t need to put Forex charts several lines and adjust each indicator separately. They are usually based on classical basic indicators such as МА, RSI, MACD, Bollinger bands, stochastic etc. Arrow Indicators are combined indicators being based on several tools.How to choose a good Forex arrow trend indicatorĪdvantages of Forex arrow trend indicators.Disadvantages of Forex arrow trend indicators.Advantages of Forex arrow trend indicators.The article covers the following subjects: A trader’s task is to be close to the terminal and when the signal appears decide whether to follow it or not. Green colour means the opportunity to open a long position, red colour - a short one. In the Forex charts they indicate with arrows the potential points of the market entering. Arrow indicators for binary options are the tools for “the lazy”.
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