Hi amdudusamdudus wrote: ↑Sun Oct 06, 2019 4:52 amHow to use the indicator stop losses in the Forex market ?
Margin trading involves two transactions instead of one. First you buy, and then to the closing of this transaction, you have to sell. After entering the market, traders can close the position at market, but most traders put pending orders stop loss or take profit. They appear in the glass and on the levels of the indicator i.e. Stop Loss = Stop pending order and take profit equal to the pending order Limit.
The indicated values are duplicated visually in the thickness of the line, helping the trader to navigate the power level to choose when approaching quotes tactics work on the "breakdown" or contrarreloj of the transaction for "rollback". Another use indicator may be located on these levels take profits.
The use of these glass and graphics will help to build a medium-term strategy. Guided by the postulate of trade professionals with pending orders, you can determine the trend, relying on equity sentiment Sell and Buy Limit.
In the figure below, 47% of the glass consists of pending applications of Sellers as opposed to 29% of applications Customers. This helped to determine about the removal of the up EURUSD that confirmed the foot Buyers, rearranged below in spite of the growth rate. Later it is seen that educated divergence between price and the trailing stop implemented in the fall.
Indicator name: TLaP Crowd Stop Loss
Current version: 1.10
Website sale: Specifically for last autumn
Currency pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDJPY, USDCAD
Data source: Oanda website and last autumn: http://tlap.com/indikator-stoplossov/
Description: Indicator of stop losses is a projection of the level of pending orders traders to kind of Sell Stop and Buy Stop, taken from the highest region of their accumulation in the "glass". It consists of 7 consecutive maximum areas exposed applications, limiting the loss of transactions on purchase and sale. The indicator works like the "Book of orders" of a U.S. broker Oanda, a 3 largest U.S. broker, providing trading services on the Forex market.
The main objective of the indicator - data transfer to the TLaP website in the MT4 terminal for more intuitive learning levels. Depth of market this indicator can't draw.
GMT Offset - the time offset in hours relative to the GMT time your broker. For example, if your broker is GMT+2 DST in the winter time you set GMT_Offset = 2, in the summer GMT_Offset = 3.
Daylight Savings Time (DST) is the choice of the European or new York time to automatically change the time in summer and winter
Load Information (Days) - how many days to consider when drawing the lines. The more days, the slower the indicator. Who does not want to see a lot of extra information to add Load Information (Days) = 0. When zero data is displayed only for the last 6 hours
Show Text % - display test with the value of the percentage of all stop-loss orders at this level at the moment
Show Journal Info - writing to log information about updating data, errors, etc.
Show Lable TLAP - display clickable inscription copyright of the website TLAP in the upper left corner of the chart.
LinesColor - color of the lines Stop Losses
LineStyle - the line style of Stop-Losses. When set LineWidth > 1 type STYLE_SOLID always.
The latest version of the indicator 02.10.2019 year
Data is deleted and redrawn every 20 minutes.
Recommended time frame is D1.Some also not bad on M15,H1,H4.Try! The theme will continue.
Another question: the stop loss indicator will only work with Oanda or does it work with any other broker?
Thank you beforehand.