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This indicator displays the entry points to the market where to open a position. It is based on the indicators Parabolic, SuperTrend and Bollinger Bands. The indicator is looking for a breakdown of the support or resistance line. The information panel shows the results of the indicator. The notification about the entry points comes to the phone. 

Advantages

  • Skipping many false signals compared to classic indicators.
  • The ability to select settings that will suit the trending market or the flat.¬†
  • The signals are not redrawn.
  • Visual display of bullish and bearish trends.
  • Clearly shows the profit in points, the number of successful and unsuccessful transactions, the percentage ratio, and the number of losses in a row.

Parameters

  • velocity ‚Äď coefficient for the rate of convergence with the price. The higher the value, the more entry points. Values 1-5 are suitable for large sections of the trend. The default value is 10;
  • multiplier ‚Äď coefficient for the limit of convergence with the price. The default value is 5;
  • smooth ‚Äď the period of the smoothing line. The default value is 2;
  • space ‚Äď the distance from the price at which the indicator line becomes horizontal. The default value is 5;
  • lasso ‚Äď the distance when the false breakout bypass mode starts operating. The default value is 5;
  • q is the lasso mode gain. The default value is 0.1;¬†
  • takeprofit ‚Äď value for calculating profit in points (takeprofit). The default value is 5;
  • bars ‚Äď the number of bars to calculate. The minimum value is 1000;
  • notification ‚Äď sending messages to the phone (Metaquotes ID). The default value is 1;¬†The default value is 1;
  • panel ‚Äď permission to display the information panel on the screen. The default value is 1; 1 ‚Äď yes, 0 ‚Äď no;
  • allbars ‚Äď use of all bars for calculation. The default value is 1; 1 ‚Äď yes, 0 ‚Äď no;

Information panel

The information panel contains the following information:

  • win percent ‚Äď the ratio of profitable and unprofitable transactions as a percentage.
  • total loss ‚Äď the total number of losing trades.
  • total trades ‚Äď the total number of trades.
  • total win ‚Äď the amount of profit in points for the number of candles.
  • takeprofit ‚Äď the distance from the entry point to the high or low candle on which the profit is measured.
  • mcl ‚Äď the maximum number of losses in a row.
  • bars ‚Äď the number of bars to calculate.

Additional information

The parameters of this indicator strongly influence the determination of market entry points. It is necessary to coordinate the parameters so as to get the maximum profit in total win and the minimum value in mcl. For flat markets, the space parameter is important, it needs to be selected empirically to find the best entries and identify long-term trends. The mcl indicator is important for using the indicator for trading on the martingale principle, where the minimum loss series plays a big role. 

The indicator works only with closed bars, volume and tick data are not taken into account when calculating values.

Read More...

This indicator displays the entry points to the market where to open a position. It is based on the indicators Parabolic, SuperTrend and Bollinger Bands. The indicator is looking for a breakdown of the support or resistance line. The information panel shows the results of the indicator. The notification about the entry points comes to the phone. 

  • Skipping many false signals compared to classic indicators.
  • The ability to select settings that will suit the trending market or the flat.¬†
  • The signals are not redrawn.
  • Visual display of bullish and bearish trends.
  • Clearly shows the profit in points, the number of successful and unsuccessful transactions, the percentage ratio, and the number of losses in a row.

  • velocity ‚Äď coefficient for the rate of convergence with the price. The higher the value, the more entry points. Values 1-5 are suitable for large sections of the trend. The default value is 10;
  • multiplier ‚Äď coefficient for the limit of convergence with the price. The default value is 5;
  • smooth ‚Äď the period of the smoothing line. The default value is 2;
  • space ‚Äď the distance from the price at which the indicator line becomes horizontal. The default value is 5;
  • lasso ‚Äď the distance when the false breakout bypass mode starts operating. The default value is 5;
  • q is the lasso mode gain. The default value is 0.1;¬†
  • takeprofit ‚Äď value for calculating profit in points (takeprofit). The default value is 5;
  • bars ‚Äď the number of bars to calculate. The minimum value is 1000;
  • notification ‚Äď sending messages to the phone (Metaquotes ID). The default value is 1;¬†The default value is 1;
  • panel ‚Äď permission to display the information panel on the screen. The default value is 1; 1 ‚Äď yes, 0 ‚Äď no;
  • allbars ‚Äď use of all bars for calculation. The default value is 1; 1 ‚Äď yes, 0 ‚Äď no;

The information panel contains the following information:

  • win percent ‚Äď the ratio of profitable and unprofitable transactions as a percentage.
  • total loss ‚Äď the total number of losing trades.
  • total trades ‚Äď the total number of trades.
  • total win ‚Äď the amount of profit in points for the number of candles.
  • takeprofit ‚Äď the distance from the entry point to the high or low candle on which the profit is measured.
  • mcl ‚Äď the maximum number of losses in a row.
  • bars ‚Äď the number of bars to calculate.

The information panel contains the following information:

  • win percent ‚Äď the ratio of profitable and unprofitable transactions as a percentage.
  • total loss ‚Äď the total number of losing trades.
  • total trades ‚Äď the total number of trades.
  • total win ‚Äď the amount of profit in points for the number of candles.
  • takeprofit ‚Äď the distance from the entry point to the high or low candle on which the profit is measured.
  • mcl ‚Äď the maximum number of losses in a row.
  • bars ‚Äď the number of bars to calculate.

The parameters of this indicator strongly influence the determination of market entry points. It is necessary to coordinate the parameters so as to get the maximum profit in total win and the minimum value in mcl. For flat markets, the space parameter is important, it needs to be selected empirically to find the best entries and identify long-term trends. The mcl indicator is important for using the indicator for trading on the martingale principle, where the minimum loss series plays a big role. 

The indicator works only with closed bars, volume and tick data are not taken into account when calculating values.

Key Features of Algorithmic Trading Software

27 March 2019

1.3

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Best Rated Scalping EA 2022
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ūüĒ• More than 100% profit in 1 month; ūüõĎNo martingale; ūüó£ÔłŹCommunity of users; ‚úÖTotally automated strategy.

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