Trading libraries for MetaTrader 5

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MetaTrader 5

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Qs Buy Sell Arrow

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Information

Indicators
MetaTrader 5
James Erasmus
1.3
7

Overview

FTU Qs Buy Sell Arrow MT5


The indicator is for MT5 platform, can be used stand alone but best combined with other indicators or strategies. 

Many arrow changes at certain times, so best to filter the signals using minimum one concept or strategy

Combines various indicators such as stochastic, rsi and moving average to draw an arrow for suggestion of entry or change in trend



Indicator Features:

Sell and Buy arrows with settings
Visual and sound alert

Colour change, more features coming soon

New features coming soon:

Limit to amount of bars in history
Change distance of arrow from bar and more


Usage: This Indicator can be used with most asset groups, forex, commodities, indices etc

All time frames, non repaint, fast loading. However initial load can have double arrow, simply change time frame and return


Combined with directional bias will certainly give you an edge! 


Some advice: Money management and discipline are key, no one strategy or indicator will produce success, understanding losses will occur and how to recover them is key. Some days are all about giving back to the market, making small wins or losses, then some days wins can roll in, its about consistency and patience. Know your trading products as best as possible, their pros and cons; are they volatile or do they produce small moves, lower time frames should be for low spread products. Understand trade size and always trade safe, risk more with a separate account if you have a strategy with that in mind. Practice and back testing makes a great trader. 


Installation Once downloaded the file will save automatically to indicators/market, drag and drop onto chart, adjust settings

Testing can be done with a demo - mt4 simulator for ea or indicators watch youtube on how to test in mt4 simulator



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