• Welcome back! Thank you for being a part of this Traders Community. Let's discuss and share :)
    Selamat datang kembali! Trimakasih telah menjadi bagian dari Komunitas Trader ini. Mari berdiskusi dan berbagi :)

Suggestion Premium Indicators 2019

Please check out the FractalChannelStop EA with the updated FractalChannel_Stop indicators.
 

Attachments

Please check out the MTF AbrahamTrend_v2 with ability to see the volatility channel(ChannelMode = 1).
 

Attachments

Darvas Boxes Indicator.

Hi,

Please check out the most advanced version of the Darvas Boxes for MT4. This indicator can plot the Darvas Boxes according to following rules(DarvasMode):

0-Classic (by Upper Pivot)
1-Modern (by Upper Pivot)
2-Bi-directional Classic (UpTrend by Upper Pivot, DownTrend by Lower Pivot)
3-Bi-directional Modern (UpTrend by Upper Pivot, DownTrend by Lower Pivot)
4-Classic by 1st Pivot (Upper or Lower)
5-Modern by 1st Pivot (Upper or Lower)

More information about this famous trading technique you can find in the attachments.



TACTICS

  • Breakouts above the Darvas box confirm trend continuation. Traders can buy breakouts.
  • Aggressive traders buy while prices are within the confines of the box in anticipation of a breakout.
  • Breakouts below the box suggest trend collapse. This is a stop loss signal, and an exit is taken.
  • Ghost boxes are used to manage stop loss points while the trend continues without meeting the conditions necessary for a new Darvas box.

RULES

  • Sell when price closes below the bottom of the Darvas box
  • Sell when price drops closes the bottom of the ghost box
  • Breaks above the upper edge of the box signal trend continuation
  • Buy bullish breakouts to new highs
  • Construction rules are automatically applies by the GTE Darvas tool


ADVANTAGES

  • Exact stop loss points
  • Defines acceptable volatility effectively
  • Excellent trend trading tool
  • Easy to manage using automatic stop loss and buy orders
  • Suitable for investment style trading


DISADVANTAGES

  • The stop loss is based on the bottom of the most recent Darvas box. In some trends, this can remain unaltered for many days as the new trend continues. This puts profits at risk.
  • Does not suit all trends or all stocks.
 

Attachments

You must log in or register to reply here.
Back
Top