This put up explains all widespread settings for my collection of Indicators which is able to calculate the SL/TP and present Win Fee Percentages.
These indicators will not be simply scalpers, however are additionally for long term buying and selling on greater timeframes:
Bollinger Bands Breakout Technique:
https://www.mql5.com/en/blogs/put up/748036
Darvas Containers Technique:
https://www.mql5.com/en/blogs/put up/747919
EMA Bounce Technique:
https://www.mql5.com/en/blogs/put up/747503
The Arrow Indicator will simply present the Win/Loss values depend and factors for the present pair/timeframe:
And scanner is for all pairs/timeframes that you just outline.
Settings:
Prefix:Make sure that it is distinctive as a result of arrows and scanner indicators use this Prefix to attract parts on the chart. And when indicators are unloaded from the chart, then objects with this distinctive prefix shall be deleted.
Max Previous Bars:Complete Bars for which all calculations are performed and for Win Fee
Shift:Beginning bar from which all calculations are performed. Most indicators can have this as Minimal 1. As a result of indicators draw arrows on candle shut.
Sign Expiry Bars:Variety of bars after which the commerce calculations shall be closed. Helpful for binary choices. Or if SL/TP not outlined, it would examine worth on the “expiry bars” variety of bars. To examine for revenue
Wait Bars After Sign:After an arrow sign, wait no less than this variety of bars earlier than a brand new sign. That is to guarantee that a number of alerts will not be generated close by.
Win/Loss Calculations:
- Set Mounted SL and TP Distances (Non-obligatory)
By default if Mounted SL/TP is true, then these values are used. And are given priority. Suppose Mounted TakeProfit is fake, then solely it would use Variable TP. Similar for Cease Loss. If Mounted SL is fake, then it would examine for variable Cease Loss. If variable Cease Loss can be None, then it would use the Sign expiry bars to examine for worth at that bar. And get Win Fee that approach.
- Or Variable StopLoss (totally different for every Kind of technique)
E.g. EMA Bounce has chance of getting variable Cease Loss at MA.
Darvas Containers have chance of getting variable Cease Loss at Field edge. Or at Pivot Factors. Or at MA.
P.c Kind:Win Factors or Win Depend.
If Win fee is utilizing Win Depend, then % shall be (No. of Wins)/whole
Or if Win fee is utilizing Win Factors, then % shall be (Complete Factors added for all Wins)/(Complete Factors)
Win Factors are when worth closed above/under entry for BUY/SELL respectively.
StopLoss Further Factors:These are further factors to be added to Cease Loss.
This characteristic isn’t there in all indicators. Solely ones which use possible Pivot or different SR areas for Cease Loss. As a result of it is higher to position StopLoss barely away from SR areas.
StopLoss Max (Factors):If StopLoss is greater than these factors, then StopLoss is modified to this Max worth
TP Ratio (1:x SL):If TP isn’t fastened, and there’s no variable TP strategies, then it would take this worth to calculate TP from the SL worth.
E.g. For Darvas Containers, it’s best to have SL at Field edge or at a attainable pivot level. And TP might be calculated from SL. Utilizing this multiplier.
SL Ratio (1:x TP):If SL isn’t fastened, and there’s no variable SL strategies, then it would take this worth to calculate SL from the TP worth.
These SL/TP worth calculations depend upon technique. And will not be obtainable in all methods.
Observe:
The costs and level calculations do not use the Ask/Bid or Unfold values. They solely use the closing worth and excessive/low costs.
It’s because MT4 solely gives the present Ask/Bid worth. So for earlier bars, it will likely be very troublesome to know the precise unfold.
So, please use the Level Calculations for Reference solely. And if scalping, solely commerce pairs with a really low unfold.
Max Unfold: Default 0 worth means no examine. If a price is specified, it would use pairs with lower than this Max Unfold worth.
Different Options:
- Panel positioning and colours
- Debug Textual content to point out Why a Sign is skipped
- Alter Arrows
- Refresh Each given variety of Ticks
- Choices to point out/disguise Debug, Win/Loss Checkmark or Cross, Win/Loss Panel, SL/TP Containers:
Widespread Scanner Settings:
https://abiroid.com/indicators/abiroid-scanner-dashboard-common-settings
Technique particular scanner settings shall be precisely similar as Arrows Indicator. So their set information are interchangeable.
Different scanner Settings are for customizing Purchase/Promote or Impartial Colours. And to Present/Disguise the SL/TP, Win/Loss counts and Consecutive Win/Loss and Revenue/Loss Factors.
For instance in binary choices we aren’t enthusiastic about revenue factors. We’re solely enthusiastic about Win/Loss Depend quantity.
