603# Easy Forex System Indicator
ADX filter Easy System Indicator
Submit by Dave 07/11/2014
DESCRIPTION OF SETTINGS Easy Forex System Indicator (This indicator is based on Carmen Easy 2.1.)
till_breakeven_rate : Determines how closely the channel will follow the price till the trade breaks even. RECOMMEND 1
space1 : Determines the width of the channel from the beginning of a trade till profit is greater than start_at_pips_profit2. RECOMMEND 3-5
Each standard deviation is equal to 6 pips. It should be wider than space2 and space3 so the trade has room to grow when it is first opened. expand_rate1 : Determines how closely the channel will follow the price after the trade has broken even. RECOMMEND 20-60
start_at_pips_profit2 : Determines how many pips of profit the trade must be in before following the second group of settings. RECOMMEND 40-60
space2 : Determines the width of the channel after profit is greater than start_at_pips_profit2. RECOMMEND 1.5-3
Each standard deviation is equal to 6 pips. It should be less than space1 but greater than space3.
expand_rate2 : Determines how closely the channel will follow the price after profit is greater than start_at_pips_profit2. RECOMMEND 50-100
start_at_pips_profit3 : Determines how many pips of profit the trade must be in before following the third group of settings. RECOMMEND 100+
space3 : Determines the width of the channel after profit is greater than start_at_pips_profit3. RECOMMEND 0.5-3
Each standard deviation is equal to 6 pips. It should greater than space1.
expand_rate3 : Determines how closely the channel will follow the price after profit is greater than start_at_pips_profit3.
ADX Filter Easy Forex System
Time Frame 15 min or higher
Markets: Forex and Indicies
Trading also with Binary options High/Low
Expiry time for binary options 4-5 candles.
Metatrader Indicators:
ADX 13 period (level 30);
Easy Forex System (line Blue, lines Yellow and White) ;
5 Ema (median price HL/2, line dot magenta).
Rules
Price Above the channel (line blue and yellow only trades only buy)
Price Below the channel, trades only sell.
Buy (Buy Call)
Price above the channel.
ADX> 30 level D+>D-
white line crosses downward 5 EMA
Sell (Buy Put)
Price above the channel.
ADX> 30 level D+>D-
white line crosses downward 5 EMA
In the pictures Easy Forex System indicator.
Easy Forex
