Forex demarker is the section where you can set the conditions to open long position for your Forex Expert Advisor. To add new rule , press “add” button. To remove a rule , press the “Remove” button. You can add up to 5 rules.
Since most of Forex trading strategies contain common elements: opening positions, closing positions, trailing stops, signals, our generator creates Expert Advisor with those common components for trading Forex markets. All the expert advisors are generated online. There is no need to register or install additional programs. Panel indicator scans signals from several Forex indicators across multiple time frames and transforms everything in a neat box with up and down arrows. Up – buy, down arrow – sell. The information box can be moved to any of the 4 chart corners by changing the settings parameter “Corner” from 1 to 2, 3 or 4. When red is below blue – green arrow, buy.
MACD 12, 24, 6 – remember you can change indicator settings, on the screen shot I put MACD back to standard 12, 26, 9 settings. MACD signals are the same as for Stochastic – simple lines crossover. When MACD histogram is above zero and MACD signal line is hovering above the histogram – Sell. When MACD histogram is above zero and MACD signal line is trading inside the histogram – Buy.
When MACD histogram is below zero and MACD signal line is hovering below the histogram – Buy. When MACD histogram is below zero and MACD signal line is trading inside the histogram – Sell. 5 EMA above 8 EMA – buy, opposite – sell. That shouldn’t create difficulties, we have: 4 hour, 1 hour, 30 min, 15 min, 5 min and 1 minute charts. Taking all those signals into account when entering a trade would, most likely, be impractical – there is too much information to digest.
An ideal case is when across multiple time frames you have the same signal for any particular indicator: for example, all green arrows for MACD across all time frames. You don’t want to sell when you see this signal. Panel_Trend indicator speaks for itself, it suggests a current trend and tells how strong this trend is. Unfortunately, it is unknown what formulas and indicators are involved in trend evaluation. But after installing i am getting red and green “e” instead of an arrow mark as shown in the diagram. I probably saw your other message where you also had similar trouble with another indicator. So, I would now definitely advise trying a platform from another Forex broker.