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REGISTER PARTICIPANTS Classic Indicator

Discussion in 'Forex indicators MT4' started by Emma McNeill, Sep 28, 2020.

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  1. Emma McNeill

    Emma McNeill Moderator
    Staff Member Organizer

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    #ClassicIndicator

    001.jpg

    Description

    Three arrows for confirmation
    Price action strategy


    Classic Indicator Strategy is a price action strategy. The signals are generated by the concordance of three arrows. The first is based on the Zigzag, the second is the classic beast super signal that slowly recalculates, the third is the so-called red arrow. Then as an optional confirmation, I added the verification of the inclination of the STR Conf projection, (the upward projection confirms an upward trend in the price, a downward projection confirms a downward projection of the price.
    The system does not generate many signals, but it has similarities with my Future Projections and Agimat system, so to trade with this system you have to trade with at least 12 open charts, this system has good profitability.
    Time Frame 30 min or higher.
    Currency pairs: all and Commodities.

    Metatrader indicators setting:
    Star, alias 3 ZZ semafor default setting.
    Arrow red.
    Enter signal indicator (blue arrow).
    Arrow white Beast Super Signal default setting ( this indicator recalculates slow) If you don't like this indicator you can replace it with Half Trend amplitude 2 or with step MA 7.2 length 10 Kv 5, step size 10. I use the Beat super signal to clean the chart but it's the same thing.
    Price grid.
    STR Conf (14, 14, 1, 50).
    Trading rules Classic Indicator Strategy

    Buy
    Star below the candle.
    Buy Enter signal
    Buy Arrow red.
    Buy Arrow white (or Step MA or Half Trend).
    But when all three signals occur.
    Initial stop loss on the previous low swing.
    Profit target with ratio 1: 1.12 stop loss or on-grid levels.

    Sell
    Star above the candle.
    Sell Enter signal
    Sell Arrow red.
    Sell Arrow white (or Step MA or Half Trend).
    sell when all three signals occur.
    Initial stop loss on the previous low swing.
     
    #1 Emma McNeill, Sep 28, 2020
    Last edited by a moderator: Sep 28, 2020
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