Multi-currency author’s strategy that simultaneously determines the strength of trends, entry points and profit levels for each trade. The indicator can determine the entry points for any trading period, starting from the M1 to D1 chart. At the same time, for the convenience of the user, an entry point (in the form of an arrow), recommended profit levels (TP1, TP2, TP3) and a recommendation for setting a stop loss (SL1, SL2) always appear at a certain point. The options for using the strategy are described below.
Full description of the strategy for working with the indicator in the blog https://www.mql5.com/en/blogs/post/719703
Full description of the strategy for working with the indicator in the blog https://www.mql5.com/en/blogs/post/719703
Profit levels (TP1, TP2, TP3) are automatically calculated for each trading period, depending on the volatility of the currency pair on which the indicator is installed.
The strength of the global and local trading trend is calculated using a variety of proprietary formulas and algorithms, allowing you to determine the entry points to the market as efficiently and efficiently as possible.
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- Global Time frames (Recommended to choose an older local TF) is a global trading period. We recommend using a period or two older than the selected Local Time frame.
- Global Trend Power % (Recommended from 60% to 100%) – select the global trend power to get entry points.
- Local Time frames (Recommended to choose your working TF) – select the local trading period to get entry points.
- Local Trend Power % (Recommended from 60% to 100%) – select the local trend power to get entry points.
- Alert and Sound – alert and sound.
- Only Sound, only sound.
- Template Indicator – the indicator template.
- Push-notification Enter – push notifications.
- Push-notification TP1, TP2, TP3 and Close Order-push notifications for TP1, TP2, TP3 and order closing.
- Mail notification-receive notifications about indicator signals by Email.
- The Cosmic Diviner Trend Entry indicator never redraws
- Entry Levels:
- The up arrow is a buy signal.
- The down arrow is a sell signal.
- Levels Of Take Profit:
- The TP1 level is the first take profit Scalping target.
- TP2 level – the second take profit Middle goal.
- The TP3 level is the third take profit Max target.
- Stop Loss Levels:
- Sl1 level – stop loss setting level 1.
- Sl2 level – the stop loss setting level 2.
For scalping:
- Local Period to choose from M1, M5, M15.
- open an order on a signal – when the price reaches the TP1 level – close the order manually.
- open an order on the signal, set TP2, SL1; when the price reaches the level of TP1, move SL to breakeven (the order opening price).
- open an order on the signal, set TP3, SL2; when the price reaches the TP2 level, move Sl to breakeven (the order opening price), then wait for the order to close.
For medium – and long-term trading:
- Local period to choose from M30, H1, H4.
- Open an order on the signal, set TP3, SL2, when the price reaches the TP1, TP2 levels, move Sl to breakeven.
- Open an order on the signal, set TP3, SL1, wait for the order to close.
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