Elders_Safe_Zone - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
Elder's safe zone indicator is Alexander Elder's safe zone. The indicator calculates the minimum stop size so that it is not far from the price that maintains profits, but not too close to that price so that noise does not interfere with the stop prematurely.
The indicator has three input parameters:
Attachment download
📎 elders_safe_zone.mq5 (10.26 KB)
Source: MQL5 #22929
Elders_Safe_Zone - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Elders_Safe_Zone - 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
