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Blogs
In a recent announcement, the popular and user-friendly line drawing tool, “LinesNyan,” has unveiled a series of exciting new features in its latest release, Version 2.04. Let’s take a closer look at what’s in store for users: Enhanced Customization: Colors Reflecting Time Axis LinesNyan now empowers MTF (Multiple Time Frame) analysts with the ability to customize the colors of horizontal lines and trend lines based on the time axis. By assigning different colors to lines drawn on daily and hourly charts, users gain instant clarity on the origin of each line. This innovative feature promises to streamline analysis, allowing for…
Analysis of range break with trend retracement This method works with following conditions: H1 and 8 recent bars with 100 pips range (80 pips in case of USDJPY) BUY in case of the trend goes beyond the range and SELL in case of below range. It’s that simple method. The beyond/bellow judge is not the instantaneous but it shall be judged when the candle is fixed. Source:Simple method to try the range break System trade for MetaTrader4 This method could be programmed for MT4 within 10 minutes or so. Backtest by USDJPY ※ Period: 01-Jan-2014 to 06-Feb-2015 [RangeBreakEA.ex4] ※ Spread 1.0pips…
MA TREND SG Today we investigate the freeware indicator called MA TREND SG. Please see the picture bellow. This is the capture of the chart from EURUSD Daily. (It is hard to see candles so I changed the setting to bar chart). Blue circles show the trend reversals to SELL, white circles show the trend reversals to BUY. *The red squares are painted by me. I must say that this indicator draws the trend reversals quite correctly. As for yesterday, yes it finished with the blue (SELL) circle…! I believe the fake signals increase with lower timeframes but if you…
Combination usage with “ScalTradeAssitPro” What is LineCopy indicator? This indicator works for copying the lines drawn on the same currency pair on other charts on the same MT4 terminal. There is a plenty of similar indicators however I have found that the vast majority of them are not compatible with our product, ScalTradeAssistPro, even I have heard that some indicators cause some serious problem to the MT4 terminal. At first, I have thought of adding the lines copy function onto the ScalTradeAssistPro, however after studying about the points, I have found that it is much easier if the function is…
Indicaotrs to see if market is trending for up or down It has been a month one of my contacts, Mr. I, informed me about some interesting news. “Changing the subject, do you know Razor and TrendLaser from PipFinite? They look pretty interesting. Not like in other cases, there are many positive reviews comments. The fact that there is no repaint sounds awesome.” Sincerely I even did not know any of two. Looking at the mql5.com I have found about them: PipFinite Razor Scalper PipFinite Trend Laser It is my personal opinion but I didn’t like the Razor, too…
Let us analyze the ZigZag strategy today if it is worth to count on or not. ZigZag indicator, so is it worth it? To be honest, I’m not pretty sure for what purpose this indicator was developed really but I personally I believe that this indicator was created to see the near highest/lowest values and also to see the market trends. The red line is the ZigZag indicator. At a glance of the red line, I can feel like sell trends at first and later it has changed into buy trends. In addition, there are some points of “standby”, this…