Technical Indicators for MetaTrader 4

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MetaTrader 4

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Piranha version 2

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Information

Indicators
MetaTrader 5
Maria Strudov
2.1
5

Overview

✅ "Piranha" - an autonomous trading system that determines overbought and oversold levels on the chart.

  • Red and blue zones represent overbought and oversold levels respectively.
  • Entry points are marked with arrows: a downward arrow in the red zone for "sell" and an upward arrow in the blue zone for "buy".
  • The Take profit level is indicated by the green moving average.

Key features:

  1. Adjusting the Take profit level as the green moving average changes position.
  2. Averaging ability when a new market entry point appears.
  3. Strategy recommendations for the stock market in only BUY mode.
  4. Timeframe selection based on trading time allotment.
  5. The need for account load control: Piranha is a trading system, not a robot.


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