The indicator draws lines of support and resistance. The product is based on the level correction and Fibonacci extension (Fibonacci Retracement and Extension levels). The indicator allows for multiple combinations of Fibonacci and draws lines / R. In the calculations are used the values of the vertices and bases constructed indicator ZigZag. If necessary, ZigZag can also be displayed on the graph.
The indicator allows for numerous combinations of the preceding pivot points and Fibonacci ratio. Upon detection of a significant number of lines crossing one value of the price indicator by holding the value line of support / resistance. Market reversal often occurs on such lines. The indicator works automatically. The old line deleted, while new ones are added as the situation on the market.
Bars_Back – resulted in a certain number of bars (back bars), used in the calculations. The lower the value, the smaller the turning points will be used and, accordingly, less resistance and support lines will be displayed on the graph. The higher the value, the greater the pivot points and support and resistance lines.
Buffer_Space – the maximum number of points between each calculated Fibonacci level necessary to cross. The higher the value, the lower accuracy level crossing. The lower the value, the better the accuracy and reliability of the level crossing. Assume the parameter value is set at 10 points, and the light operates on account broker providing price data indivisible with four signs after the point. The indicator shows the Fibonacci correction level 3 on the values of 1.4995, 1.5000 and 1.5005. The difference in this case is 10 pips. Thus, these levels may be used. Assume that the buffer value is set only to 5. In this case, the data layer 3 can not be used, since the max. difference is set at 10. The indicator will continue to look for other combinations.
Count_of_Lines – the number of lines used to form the final line / R. The higher the value, the more reliable the drawn lines and vice versa.
The indicator of trading sessions, presented in the form of candlestick bars. In one of his books, Steve Nison describes the different candlestick formations, while he often mentions the fact that the analysis of the figures candle held by results of the trading session. That is, each trading session is represented as a single spark from the opening price, closing, high and low.
This indicator actually builds candlestick chart on top of the usual. And of course, the resulting graphics can be used all the tools of technical analysis.
In this display beginning of the new trading day is indicated by a separator, which is based on the time GMT “00:00”. Session candles are also built on GMT time.
Timeframe H1 and below.
NumberOfDays – displayed number of days;
candle_bull_color – sessional color candle that closed above the open price;
candle_bear_color – sessional color candle that closed below the opening price;
show_separate – true – show the separator; false – not to show a separator;
saparate_color – color separator;
separate_style – Style separator line;
separate_width – the thickness of the spacer lines;
broker_offSet – the difference between local time and terminal time (in hours). For example: 1; -3; 5 etc.
Scalper works on ticks and ticks. For him the basic unit of analysis is the tick, not a bar. Powered by a 5-digit quotations. Requotes are critical, you need a broker with minimum execution delays.
This product does not use history stored in the database for the job. For their own needs, he downloads the historical data online, creating its own database that is stored in memory. When you reboot, it is lost, the value of its own database controlled by parameter CountTick, Specifies the number of ticks to be written to the database to get started. For long-term analysis using the above framework, for short-term analysis and the decision to enter the market data are used long-term database, designed to stack that is running the most current sampling ticks from the stack under the control information received from the long-term database.
After the specified amount of data is loaded, there is a direct operation, which consists of two stages. In the first phase with the frequency defined by parameter ReOptimization, Analysis occurs downloaded ticks at the specified volume (CountTick). Data analysis represents the best choice of the parameters with which the expert would have worked, if it worked at that time, i.e. selecting the best results by using full search method. Since the options a bit, it’s a real process. Used to iterate three internal parameters:
Regulation of the stack size of 1 to CountSteck.
Internal optimizer The optimization of this principle, choose the settings that gave the best results, and enters the market with them. When the first set of the history of tics expert does not go on the market as long as the database is full. When the next cycle reoptimization no downtime, since the base is updated online and is always current.
The second step is a direct entry into the market using the optimizer and the internal configuration of the data stack. SubClose and MinProfAdd They are used for the insurance position, although they may play a basic role in certain settings.
SubClose – parameter plays a supporting role, it does not allow to take the decision to close a negative position.
MaxSpread – parameter plays a supporting role, specifies the maximum spread, at which you can still enter the market.
MinProfAdd – parameter plays a supporting role, specifies the minimum profit, at which the position will be closed automatically.
Risk – indicates which risk to go into the market, the auction is calculated from the deposit.
Trading system for binary options SN SIXTY SECONDS. PART 2. Trade Idea
I continue to cover the trading system, on which I traded using indicator SN Sixty Seconds
Trade with the use of this indicator was carried out publicly and report on it can be viewed on my website http://sovetnikov.net/test-drajv-na-realnom-schete-indikatora-sn-sixty-seconds/
Setting the schedule it was covered in the previous section 1. Setting up and as a result we should get here this kind of schedule:
I trade conducted on the M1 + 15 Seconds graphics, but the same principle can be used for trading in all periods. Indicator sets us a direction of search entry points include the same, we will not immediately.
When you receive a signal on the M1, we are moving in broker 15 Seconds graphics and waiting for here is a pattern
This pattern after the correction pulse.
In this case, I gave an example of excluding filtering MA10
and of the signal M1, for example, that we are waiting for.
We if a signal to buy, it is the momentum of a few
candles or a long candle and a small correction in the opposite direction to 1-3 candles.
It is important to note that the correction was less than the movement. Wherein
if MA10 be under correction and the last candle local concerns
level in this movement it would be preliminary to the input signal. we come
It shall, as soon as we have the first candle appeared after correction
renewal movement. The second entry in case it starts when the candle
punching the last extreme (where to start micro-adjustment).
signal from the indicator SN Sixty Seconds
is pulsed micro movement and adjustment is less momentum
correction ends at the micro-level (the level of which is punched and test about this in detail in Part 3)
It appeared candle in the direction of the initial pulse or pierces its extremum
If any of this is not satisfied, it is recommended not to enter into a transaction, the input accuracy will come with experience, so the statistics better stuff
on a demo account, at Bean and other BO brokers such an opportunity.