Price Boat Trading | Scalping EA download - MT4/MT5 resources
I posted the original "Price Ship" indicator here because some users used Magic100's version and wrote me some PMs about it.
I don't want too valuable leads @minotao to bear the burden of this trade variant, so I just ask for any trades to be posted here.
This indicator is suitable for lazy traders and old traders who have no fun scalping on D1 and H4.
Take responsibility for your own health and you can also trade on H1, M30 or M15…
The indicator is still under development and will undergo some additions.
The takeaway right now is trading levels in the direction of the trend, those paying attention will recognize the advantages...!
- Levels are at least Factor*ATR apart, so e.g. because of TP this value can be taken into account.
- The fast MA changes color depending on where the closing MA is compared to the opening MA.
- The slow moving average corresponds to the trading direction, depending on the bar closing position.
- As a first strategy you can take SL and TP = Factor*ATR.
Because candles can reverse suddenly, especially at the end of a trend, I would install a small hedge with 2*Lots after -0.50*Factor*ATR. Therefore, you can lower your stop loss to zero, or accept the loss. There is an EA that can analyze this and will be released later.
- Breakeven can be set after +0.50*factor*ATR. Sometimes this is an advantage, sometimes not.
- If you want to use a trailing stop, you can of course do so. I currently like the idea I saw in the "FX Mantra" indicator (google...).
I will publish my own version of this indicator later.
For the "Draw_Patterns" parameter we have:
Signal for "fractal pattern (1x1)"
Signs of “Smash Bar Mode”
Signal for "Reversal Bar Pattern (Magic100)"
"All Forms" Signals
Forex Mantra Indicator - Recommended for TrailingStop
I don't want too valuable leads @minotao to bear the burden of this trade variant, so I just ask for any trades to be posted here.
This indicator is suitable for lazy traders and old traders who have no fun scalping on D1 and H4.
Take responsibility for your own health and you can also trade on H1, M30 or M15…
The indicator is still under development and will undergo some additions.
The takeaway right now is trading levels in the direction of the trend, those paying attention will recognize the advantages...!
- Levels are at least Factor*ATR apart, so e.g. because of TP this value can be taken into account.
- The fast MA changes color depending on where the closing MA is compared to the opening MA.
- The slow moving average corresponds to the trading direction, depending on the bar closing position.
- As a first strategy you can take SL and TP = Factor*ATR.
Because candles can reverse suddenly, especially at the end of a trend, I would install a small hedge with 2*Lots after -0.50*Factor*ATR. Therefore, you can lower your stop loss to zero, or accept the loss. There is an EA that can analyze this and will be released later.
- Breakeven can be set after +0.50*factor*ATR. Sometimes this is an advantage, sometimes not.
- If you want to use a trailing stop, you can of course do so. I currently like the idea I saw in the "FX Mantra" indicator (google...).
I will publish my own version of this indicator later.
For the "Draw_Patterns" parameter we have:
Signal for "fractal pattern (1x1)"
Signs of “Smash Bar Mode”
Signal for "Reversal Bar Pattern (Magic100)"
"All Forms" Signals
Forex Mantra Indicator - Recommended for TrailingStop
Attachment to original post (2)
📦 Summary of post attachments (15)
Below are all the files (15) shared in the reply.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
