Hi, i would like to know if this indicator can be automated.
Scalping Reverse Pro link https://www.mql5.com/en/market/product/40565
Scalping Reverse Free link https://www.mql5.com/en/market/product/41528
It is sort of a grid strategy but only trades when signals triggers.
Attached a screenshot explaining buys and sells. By default all Red candles comes with red dots and all Blue candles comes with blue dots. But, in input, if you change "depth of trend" to 25 (default is 40) than you get a better entries.
For an exit, it can be either red or blue candle. or trailing sl triggers once red or blue candle appears..
So, in order to work the strategy, the input "depth of trend" should be value 25.
The indicator strategy is meant to develop a pool (sequence) of transactions and their subsequent profit total closure. It is assumed that any price movement has a counter-move (rollback), which is the main feature of the Scalping Reverse PRO indicator.
This strategy very well combines with TrendLine PRO and ProfitZone trend indicators. When using the Scalping Reverse indicator with any of the above indicators, the trader will receive a profit during both the local trend and when it is corrected.
The signal for profit-taking trend indicators TrendLine PRO and ProfitZone often coincides with the signal defining the start of a new sequence of trades for Reverse Scalping PRO indicator.
When using a reverse strategy of accumulation of transactions it is very important to calculate the minimum Deposit for each trade correctly and to determine the optimal trade start (signal bar), because you get the final profit while closing the entire sequence of trades.
In the Scalping Reverse PRO version:
1) Signal bar which sets a number to determine the most appropriate initial bar for the trade
2) Filter of signal candles dimension
3) Interactive Scanner panel displaying the current signals on all pairs and timeframes that you are use for trading. When you press the scanner button you need, you immediately switch to a new chart. You can also enable or disable notifications for each pair or timeframe on the panel.
4) In the indicator settings, notifications in MT4 app (on your smartphone) and similar e-mail notifications are available. The notification contains the necessary information for decision-making and an instant response even if you are away from the computer.