Approximator System V2 (Approximator System V2) | Foreign exchange indicator download- MT4/MT5 resources

EAcpu | 2 reads | 0 comments | 2026-05-03

Quote Proximus
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Anyone who followed my previous thread on building gambling systems: http://www.forexfactory.com/showthread.php?t=467309 should know that I mainly design systems and indicators, I also trade manually, but I don't like it, I prefer mechanical trading because I don't trust the human nature of emotions and hesitations when trading. So, according to this indicator, APROXIMATOR V1.0.mq4 I am working on a better version of it and also a simpler version, combining elements with one of my holy grail indicators, which is used by Eitan1010 in his thread on Eitan's project. This was a successful approach, so it's time to update the indicator. Maybe today, but maybe tomorrow, I will upload here a new version of this indicator that I have been working on since last week as a side project. Let's see how it performs in the market.
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As promised here, APROXIMATOR 1.0 was a success, so I decided to update it, so now I will release APROXIMATOR II. Version 1.0 (which can still be updated) is given to you, along with a complete system on how to trade. The system is very simple but crucial to the success of this indicator.

The use of this indicator is very simple:
-Green Thumbs Up = Buy
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parameter:
Distance = distance coefficient between signals, the higher the value, the more accurate the signal, but the smaller the signal
Factor = calculation factor of the indicator, it is more complex, so it is better to keep the default value, but if necessary, you can adjust it according to the tool
MAXBARS_COUNTED = how many signals are visible on the chart, this does not affect the indicator's signal in any way, it only sets the maximum number of bars for which the signal will be visible, it is best to leave it as default unless you want to backtest the indicator manually
MT4_ALERT = Turn on/off the MT4 alert function if a new signal appears
EMAIL_NOTIFICATION =on/off Send an email when a new signal appears (note: you must configure this feature in MT4 first)
SMS Notifications = On/Off, if a new signal appears, an SMS will be sent to your mobile phone (note: you must configure this in MT4 first)

system

Recommended time frame: above or equal to M15
Recommended pairs and time of day: Low spread pairs (E/U, G/U, E/C, U/J, A/U, N/U) and only with high liquidity, so for E/U its trading hours are from 8am to 16pm GMT+0, in other words, between London open and New York close (if you don't know the exact time, go here http://www.forexfactory.com/index.php and scroll down to the bottom of the page)
Recommended parameters: Unless you are an expert in optimization, it is better to leave everything except the "distance" variable to the default value, it is up to you, but in the higher time frame, it can be lower than the default value, or in the lower time frame, it can be higher than the default value, but you can still set it according to your needs
Signal:

-Green Thumbs Up = Buy

Batch: The risk of each stop loss shall not exceed 2% of the account!
Maximum number of open trades: no more than 3-4 active trades at a time, so the total maximum risk at any given time cannot exceed 8%

Stop loss and take profit :

The size of your stop loss is up to you, it is usually best to set your stop loss below the previous low or above the previous high depending on the buy/sell, but the lot size must be configured accordingly so the maximum risk is less than 2%
The take profit must be at least 2 times larger than the SL and less than the 22-day average volatility . This is very important and is the key to the entire system, so it must be at least 2 times larger than the stop loss level, but nominally less than the 30-day average volatility.
Version 1.2 of this indicator also shows how much the price has changed today, so you can compare today's price change to the 30-day and 5-day averages, and logically, if the price has not moved today, your odds of success will be higher than if it has moved today's average quota (it could reverse, but you never know). So if you start trading at the London open, you will trade until the price does not reach the daily moving average, and your TP on each trade should be below that daily moving average. The daily limit has been reached. It is recommended to stop trading for the day or this currency pair.

example:

: Stop loss 10 points and take profit 5 points

: Stop loss 45 points and take profit 44 points

: Stop loss 33 points and take profit 65 points

Right : Stop loss 10 points and take profit 20 points

Right : Stop loss 45 points, profit 90 points

Right : Stop loss 33 points and take profit 66 points

: Stop loss 33 points, take profit 65 , 30-day average number of points: 64

Right : Stop loss 10 points, take profit 60 , 30-day average number of points: 61

Let's review what I just said:

Trading on demo account only until we test its performance!
Liquid currency pairs with tight spreads and only traded between London Open and New York Close
Default parameters, or higher distance on lower timeframes, smaller distance on higher timeframes
In favor of buying, against selling (above version 1.2 the arrows above/below the price will mark the signal)
Maximum risk/2% of the equity of the trading account, up to 4 open transactions, total maximum risk is 8%
The reward-to-risk ratio is at least 2:1, the take-profit must be less than the average volatility of the past 22 days (or the 5-day average volatility), the stop-loss size is discretionary, and the risk cannot exceed 2%. Remember!
Only trade until the daily price movement has not reached the weekly or monthly average, after which you should stop trading on that currency pair for the day!