In this article, we continue programming of trading strategies described in a section of the book by L. Raschke and L. Connors Street Smarts: High Probability Short-Term Trading Strategies, devoted to testing of range limits by price. The last of full-fledged TS in the section is Momentum Pinball, which operates the pattern consisting of two daily bars. By the first bar, trade direction on the second day is defined, and price movement in the beginning ...
Channels - indicator for MetaTrader 4 The indicator shows in the dynamics and performance of the channel for all the timeframes.
Just like in life in the market everything is in continuous changing. Something which did perfrectly yesterday today appears not to show interesting results. However, there remain some fundamental strategies which experience some minor corrections over time, but do not change their ideological basis. One of them is “DiNapoli levels”, a strategy named after its founder. It represents stripped down realization of Fibonacci retracements. ...
MetaTrader 5 has many useful features that a trader would need, regardless of their trading style, including a possible access to a live news feed. It provides traders with invaluable context that may have some effect on the markets. The only limitation is the scope of the news provided. I believe, traders could benefit from having access to a more flexible news feed that allows the ability to not only choose the kind of news but also its source. ...
The NRTR indicator and trading modules based on NRTR for the MQL5 Wizard In this article we consider an indicator that builds a dynamic price channel. A trading Expert Advisor is created based on this channel. Such systems can perform well in trend periods, but give a lot of false signals in flat movements. Therefore additional trend indicators are required. Choosing an appropriate indicator is not an easy task, and the choice often depends ...
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