Düğüm Trader is a detector of entry zones and an indicator of trading offers, developed and based on progressive Price Action methods by our team of researchers and developers. This tool will help the trader gain a deeper understanding of the range areas as potential support and resistance zones.
The indicator has special calculations to search for areas with a high density of pending orders as entry zones and filters them using Price Action rules. After creating a new entry zone, it will wait for verification in the form of a green line with the label “Entry” on it. After this check and based on the breakdown side of the zone (up or down), the indicator decides on the type of order. The order will be considered a market transaction when the price returns to the entry price and a rectangle SL will be drawn to clearly show the lifetime of the transaction. The color of the rectangle SL will be green if the price moves in favor of the deal, and red vice versa.
A trade will be considered a profitable order if the profit points are equal to or greater than SL points. This means that the indicator will consider a winning trade if the RR is at least 1:1. This convinces the user that a strict approach is applied to the development and operation of the indicator. Moreover, if there are other successful trades due to the retouching of the entry price, these trades will not be mentioned in the statistics of the final result, graphical demonstration or any other part of the indicator itself.
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As already mentioned, we used a pessimistic approach to calculate the Win Rate. Every trade that cannot achieve a risk-reward ratio of 1:1 will be considered SL, even if it reaches a profit (less than SL points) before it reaches SL. However, the indicator provides an overview of SL/TP and the average risk-reward ratio to help the trader choose the appropriate settings for his trading strategy.
To calculate the winning ratio, we use both the ratio of the number of transactions won to the total number of transactions made, and the average risk/reward ratio. This provides the best point of view for the client/user to have a full appreciation of the tool and its perfect entry zone philosophy.
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