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Forex Derivative 2.0: the good old sliver
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It is very strange, but lately we are often asked about Forex Derivative. It seems to be not the
The indicator is based on a proven successful strategy. It shows buys and sello signals with suggested stop and target. In the same way, it calculates the essential trading analysis statistics as successful and profit ratio.
Here you can access our discord community for more information about our tools and benefits.
KEY LINKS: Indicator Manual – How to Install – Discord Server – Frequent Questions – All Products
- Effective and understandable signals.
- It can be used as a complete trading strategy.
- Complete trading statistics to evaluate the indicator performance.
- It shows exact exit points.
- It shows the real profit expectancy through its profit factor, risk/reward, and successful ratio indicators.
- The indicator doesn´t repaint.
- It works in all symbols.
- Integrated alerts.
- It can integrate with any robot or expert adviser.
Note 1: This indicator should only be considered as a part of any trading strategy. You should complement this with other filters (e.g trend, volatility, time, etc).
Note 2: This indicator is meant to serve as a guide to apply in your intraday trading. Overtime, this will help you understand the baseline for a solid and consistent trading strategy.
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Note 1: This indicator should only be considered as a part of any trading strategy. You should complement this with other filters (e.g trend, volatility, time, etc).
Note 2: This indicator is meant to serve as a guide to apply in your intraday trading. Overtime, this will help you understand the baseline for a solid and consistent trading strategy.
Display Metrics
All the following metrics are calculated based on selected Money Management strategies and don´t consider account commissions, spreads, swaps, or any other transactional cost:
- Number of Trades.
- Win/Loss.
- Points earned in closed winning operations
- Points lost in closed losing operations
- Net Points: Points earned minus points lost
- Success Ratio: Percentage of winning operations
- Profit Ratio: Points earned / Points lost
- Reward/Risk: Average points earned / Average points lost
Parameters:
Indicator parameter:
- Signal Parameter: Sensibility parameter of the indicator
- ATR Sensitivity: ATR Sensibility Parameter.
- Candles to calculate: Candles to calculate the indicator
- Show Display, Objects, and Indicator.
Money management Parameters:
- Money Management Strategy: Define what method used to calculate the Display Indicators (Exit on TP1, Close the trade when the price reach target 1; Exit on TP2, Close the trade when price reach target 2 and set a break-even stop in open price when price reach target 1; Partial Exits, Close half of the trade on target 1, half on target 2. and set a break-even stop in open price when price reach target 1.)
- Trading method: Select if you can trade in the same direction repeatedly
- Stop Type: Selection between stop type
- Multiplier Range Stop: Multiplier If range stop method is selected
- Multiplier of Target 1
- Multiplier of Target 2
- Limitation of TP2 based on TP1
Other Parameters
- Alerts parameters
- Objects color, size and style parameters
- Display parameters.
We recommend trade in an asset that show a profit factor of the last 1000 candles of at least 1.1. Also, you can apply trend, currency strength, among other filters, to adapt the signals to your personal strategy.
Support and questions:
Use our discord server if you have any question or need support.
About Author:
Carlos Forero, Member of Clever Trading Club, private organization with the purpose of design clever solutions to generate constant profits with adapted risk.
Key Features of Algorithmic Trading Software
28 August 2020
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To view other Indicators MT5, select one of the filters corresponding to your interests in forex trading.
