Today I want to talk about the indicator All-in-One Trade. The indicator combines some different strategies and indicators. In the beginning I did it for myself, but then I showed it to my friends, and they offered to make it available for other traders.
For levels detection: EUR/USD, GBP/USD (Additional pairs in the future)
For other features: Any pairs
For levels detection: M5
For other features: Any timeframeRecommended brokers: , ,
It was important for me to place in the code of a single indicator, as much as possible practical trading instruments. Therefore All-in-One Trade indicator include a full trading strategy. And not even one!
All-in-One Trade Indicator appearance
1 – Account Info
2 – Current Day direction and Targets
3 – Realtime Quotes
4 – Moving Average (MA) channel Width and Angle
How does an All-in-One Trade indicator work
Daily target levels of the Take Profit and Stop Loss is calculated from 00:00 to 2:00 of the terminal time.
To calculate the target levels for EUR/USD pair, indicator use the 3 charts of currency pairs: EUR/USD, USD/CHF and EUR/JPY.
Important notice! These 3 pairs must be present in the “Market Watch” window , thus opening them optional.
To calculate the target levels for GBP/USD pair, indicator use the 3 charts of currency pairs: GBP/USD, EUR/USD and EUR/GBP.
During the trading practice I have found certain patterns that help detect targets of a day. Determination of the levels requires tick data, volumes, price action and a spread values at the defined interval. Therefore, this option is only available in real time.
Important notice! Once the levels are calculated and displayed on a graph, they do not move and do not disappear!
Entry signals and support/resistance levels
Blue and Red arrows I use to find the possible entry points.
Blue and Red horizontal lines show to us a trend break. We may to take profit at this points. At example – support line.
ArrowDelta – the distance from the price to arrow.
Bars2Check – the number of bars for the calculation. It is necessary for the weak computers.
Support / Resistance lines settings:
Linear Regression channels
Draws channel using linear regression of close prices. The All-in-One Trade indicator has the ability to use 2 channels of the linear regression.
DrawLongLinearChannel, DrawShortLinearChannel – On/Off channels.
LongRegChanSBar – value for calculating the Long Channel.
ShortRegCjanSBar – value for calculating the short Channel.
LongRegChanColour, ShortRegChanColour – colours of the channels.
…Width – width of the channels.
Good for the trend detection and for double channel strategy.
Indicator Price Channel – indicator, which allows the trader to react to the output price beyond channel. The channel is built based on the analysis of several candles, starting from the latter.
Auto Fibonacci levels
The Fibonacci sequence is very well combined with the levels of asset price correction in the markets after the growth, and can also predict the possible price movement after correction.
MA Bands – detect the end of a trend
MA Bands – Detection of the trend direction and ending of the trend.
MA Channel Width – width of the MA Bands.
MA Channel Angle – angle of the MA Bands.
When the Angle becomes green we may take a profit: