BrainTrend1Stop - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
BrainTrend1Stop is a trend reversal indicator. The intersection of the stop loss line with the price indicates the time for a trend reversal and the closing of a previously opened position.
BrainTrend1Stop algorithm is based on the decayed total reflection and stochastic oscillator indicators. In this version, the values of all algorithm variables are designed as input parameters of the indicator, so now it can be used with custom settings.
The cyan line below the candlestick minimum indicates the following:
The magenta line above the candlestick's maximum indicates two things:
Attachment download
📎 braintrend1stop.mq5 (11.07 KB)
Source: MQL5 #393
BrainTrend1Stop - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
BrainTrend1Stop - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. 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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