BrakeParb - indicator for MetaTrader 5 - MT4/MT5 Resources
A simple trend indicator in the form of NRTR. Its use is similar to Parabolic Sar.
The indicator was first implemented in MQL4 and published in the code base: mql4.com May 10, 2012 (in Russian).
Attachment download
📎 brakeparb.mq5 (9.94 KB)
Source: MQL5 #985
BrakeParb - indicator for MetaTrader 5 usage and filtering suggestions
BrakeParb - indicator for MetaTrader 5 is a resource related to foreign exchange indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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