Attachments forums

List of attachments posted on this forum.


All files on forums: 135975

Need help to test a new found indicator

Rarno, Tue Apr 16, 2019 8:37 pm

I found this wonderful indicator.

TimeFrame = 1min.
Expiry = 1min.

How to use?
CALL : When dot appears below candle, enter CALL in next candle.
PUT : When dot appears above candle, enter PUT in next candle.

My testing so far does not indicate repaint and it certainly does not lag since the dot appear early enough for you to decide if you want to enter in the next candle.

Help needed
Indicator is not prefect yet. It computes using all previous candles not including the current running candle. So when the current running candle closed, the computation may change and therefore may indicate that dot is too early i.e. if the computation wait for current candle to closed, then dot will appear on next candle. You can therefore enter again on the next trade if you encounter and OTM but that said, I am not suggesting Martingale.

Indicator works best in ranging market. Bleed on trending especially waterfall (that's why no martingale).

The help I need is for forum member (like Plissken - viewtopic.php?f=578267&t=8473258 who has tested his strategy with a good collection of indicators) to try this indicator in confluence with other indicator (or indicators), currency pairs and trading hours. This could be a good trading system to use and share.

Examples of screenshot attached. Notice market is ranging.
All files in topic