SIGNAL based on ATR

Hi
This is the signal I adopt based on ATR, it gives no bad results.

About the Forex-Entry-Point-Indicator

https://mt4talk.com/viewtopic.php?pid=44523#p44523

This EA combines two popular indicators, Stochastic and Williams Percent Range (WPR), to spot potential buy and sell signals in the forex market.

How this EA works:

It calculates Stochastic values for a given period and parameters.
It also computes WPR values, which help identify overbought and oversold conditions.
When Stochastic crosses below a certain level (usually 20), it generates a BUY signal.
Conversely, when Stochastic crosses above another level (typically 80), it triggers a SELL signal.
The EA plays a sound when a buy or sell signal occurs, making it easier to spot opportunities.

Stochastic Indicator: This part of the EAlooks at the recent price movements of a currency pair. When it sees that the price is too low compared to its recent range, it gives a signal to buy. Conversely, when the price is too high compared to its recent range, it suggests selling.
Williams Percent Range (WPR): WPR helps us identify when a currency pair is overbought or oversold. When it's overbought, it means the price may be too high and could drop soon, signaling a potential selling opportunity. When it's oversold, it means the price may be too low and could go up, indicating a possible buying opportunity.
This EA combines these two indicators to give you clear signals to buy or sell in the forex market. When it finds a good opportunity, it even plays a sound to get your attention.

In My Opinion here's why I think this EA could be beneficial:

It's straightforward to use. You don't need to be a forex expert to understand the signals it provides.
The sound alerts make it user-friendly. You won't miss out on potential trades because you'll hear when there's an opportunity.
You can adjust settings like the lookback period and overbought/oversold levels to match your trading style.

Adjustable Parameters:

KPeriod, DPeriod, Slowing: These control how sensitive the Stochastic indicator is. Higher values make it less sensitive.
ExtWPRPeriod: It determines how far back the EA looks when using the Williams Percent Range.
ZoneHighPer, ZoneLowPer: Set these levels to define when a currency pair is overbought or oversold.
modeone: When set to TRUE, it follows a specific strategy. When FALSE, it's more flexible.
PlaySoundBuy, PlaySoundSell: These options allow you to turn on or off sound alerts for buy and sell signals.
FileSoundBuy, FileSoundSell: You can choose the sound files for alerts.

Setting up the EA (Example):

KPeriod: 21
DPeriod: 12
Slowing: 3
method: 0
price: 0
ExtWPRPeriod: 14
ZoneHighPer: 70.0
ZoneLowPer: 30.0
modeone: TRUE
PlaySoundBuy: TRUE
PlaySoundSell: TRUE
FileSoundBuy: "analyze buy"
FileSoundSell: "analyze sell"
Optimal Settings for Winning Strategy:

Currency Pair: EUR/USD
Minimal Balance: $1,000
Time Frame: 1-Hour (H1)

Settings Explanation:

KPeriod, DPeriod, Slowing: Fine-tune these values to adjust the sensitivity of the Stochastic indicator. Higher values smooth out signals.
ExtWPRPeriod: Determines the lookback period for the Williams Percent Range.
ZoneHighPer, ZoneLowPer: Set the overbought and oversold levels for WPR.
modeone: When TRUE, the EA follows a specific strategy. When FALSE, it can have more flexibility.
PlaySoundBuy, PlaySoundSell: Enable or disable sound alerts for buy and sell signals.
FileSoundBuy, FileSoundSell: Set the sound files for alerts.

The EA combines two popular indicators to help you make trading decisions in a user-friendly way. It's not a guaranteed money-printing machine, but with the right settings and careful trading, it can be a valuable tool.

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It's not a guaranteed money-printing machine, but with the right settings and careful trading, it can be a valuable tool.

Ah, the classic, the holy grail for traders who love to dream big! Sure, it's not spitting out cash like an ATM on steroids, but if you tweak it just right...

Share

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<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">

N&atilde;o &eacute; uma m&aacute;quina de impress&atilde;o de dinheiro garantida, mas com as configura&ccedil;&otilde;es corretas e negocia&ccedil;&atilde;o cuidadosa, pode ser uma ferramenta valiosa.

</span></span> 

<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">Ah, o cl&aacute;ssico, o Santo Graal para os traders que adoram sonhar grande! </span><span style="vertical-align: inherit;">Claro, n&atilde;o &eacute; cuspir dinheiro como um caixa eletr&ocirc;nico com ester&oacute;ides, mas se voc&ecirc; ajustar da maneira certa...

</span></span>

<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">Hello, what configuration would you use, can you help me with this? Thanks</span></span>

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It's not a guaranteed money-printing machine, but with the right settings and careful trading, it can be a valuable tool.

 

Ah, the classic, the holy grail for traders who love to dream big! Sure, it's not spitting out cash like an ATM on steroids, but if you tweak it just right...

Hello, what configuration would you use, can you help me with this? Thanks

Share

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