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Re: МТ4 Trading Systems: DARK ENERGY FOREX SYSTEM PART 2

amdudus, Sat Jul 04, 2020 10:07 pm

From a neighboring forum in the public domain.
IGodZilla 2020 indicator
The main features of this indicator are:
- Has 3 Support and 3 Resistance levels calculated
- Has a Center Point to determine an accurate entry point
- Clear and explicit entry area to facilitate trading
- Equipped with ADR to measure the average daily price movement
- Can be used on any pair
- Bots Service is available so that it can be displayed on Android phones and iPhones though
- Suitable for Scalping, Swing and Long term
How to use the iGodZilla indicator:
From the picture above, there is an example iGodZilla indicator, with details as follows:
- Pink Lines, White Lines, and Yellow Lines
- Dotted Kuing line is a benchmark for pivot lines
- Dotted Blue Line: R1, R2, R3, namely the price of resistance from number 1 to resistance number 3
- Dotted Red Line: S1, S2, S3, the price of support from number 1 to support number 3
(Figure 2: displays price predictions for the coming day.)
IGodzilla indicator will show the calculation of Pivot Points accompanied by R1 - R3 and S1 - S3 for the next day, the predictions listed on the indicator are dynamic predictions according to today's price movements. Traders can use this prediction as a reference to predict the possibility of a market trend the next day.
Example of iGodZilla (BUY) indicator signal:
(Figure 3: Example of BUY entry point)
BUY SIGNAL ROLE:
1st Role: The previous day's pivot is lower than today's pivot
2nd Role: PINK, WHITE, GOLD must be above Pivot Points in a row
3nd Role: There is a Bullish Candle that has a tail / shadow that touches the GOLD line.
SL: placed in S1
TP: placed on R1 or R2
BUY SIGNAL ROLE WITH TRAILING STOP:
- Entry Buy can also be in the PINK line area If the price range between WHITE and YELLOW is very far
- Take Profit from Buy target is at R3 (resistance 3) but this position can be closed if there is a rejection of the bullish price on the next 3 candles
- Stop Loss can also be 30 pips, maximum in S1 (Support 1)
- If you have run profit +20 Pips, it is recommended to install a Trailing Stop of at least BEP (Break Even Point) or Stop Loss to OPEN.
Example of iGodZilla (SELL) indicator signal:
SELL SIGNAL ROLE:
1st Role: The previous day's pivot is higher than today's pivot
2nd Role: PINK, WHITE, GOLD must be below Pivot Points in a row
3nd Role: There is a Bearish Candle that has a tail / shadow that touches the GOLD line.SL: placed on R1
TP: placed in S1 or S2
SELL SIGNAL ROLE WITH TRAILING STOP:
- Entry SELL can also be in the PINK line area if the distance between WHITE and YELLOW price is very far
- Take Profit target from SELL is S3 (Support 3) but this position can be closed if there is a rejection of the bearish price on the next 3 candles
- Stop Loss can also be 30 pips, maximum at R1 (Resistence 1)
- If you have running profit +20 Pips, it is recommended to install a Trailing Stop of at least BEP (Break Even Point) or Stop Loss to OPEN
Daily Range (ADR) leverage is a very useful tool for determining rational profit targets. This tool cannot be used to determine Entry Points, but ADR information is very useful for traders to see the potential for how far prices will move based on historical movements. This information is very useful to determine the Target Profit.
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iGodZilla.ex4
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