Safe Zone for the Elderly - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Author of the idea : screenwriter , author of the MQL5 code : Balabashka Kon .
This indicator shows the so-called safe zone, which is calculated using the high, low and closing prices as well as the moving average indicator.
It is recommended to trade when the indicator is in a horizontal position:
Attachment download
📎 elders_safe_zone_.mq5 (5.45 KB)
Source: MQL5 #20009
Safe Zone for the Elderly - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Elderly Safety 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.
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