Discretionary trading with steadily rising profits using a GBP/JPY and GBP/USD dedicated indicator developed by a popular EA developer!
Backtesting lets you check signals and performance
Can the popular EA logic be reproduced in discretionary trading?! An indicator is here
【Seller profile: Dr. Neko】
https://www.gogojungle.co.jp/users/111962
Dr. Neko is a popular EA developer who has released many MT4 automated trading EAs.
As of October 24, 2019, five of her developed EAs are ranked in the top 30 of the System Trade bestseller rankings (products highlighted in red).
In particular, "Pips_miner_EA" is a famous popular GBPUSD-only EA, just like "Neko Indicator 2", with over 2,000 users and forward testing for more than 1.5 years, showing a steadily rising performance.
Pips_miner_EA product details here⇒https://www.gogojungle.co.jp/systemtrade/fx/13820
What Dr. Neko has developed this time「Neko Indicator」and「Neko Indicator 2」are.
【Features of the Indicators】
This time there are two indicators, so we will introduce both their common features and individual features.
・Common features
1. Backtesting is possible
As stated on the product page, by using MT4's Strategy Tester—the tool used for EA backtests—you can verify the on-chart behavior and the positions of the signals, as well as the results of trades made based on those signals, just like the EA.
2. Timeframe is the 15-minute chart
Both indicators operate on a 15-minute chart to function.
3. Includes a thorough instruction manual
When you purchase either indicator, you’ll receive a comprehensive manual covering setup, backtesting methods, and entry examples, making it usable with confidence from beginners to traders already comfortable with the indicators.
・Features of “Neko Indicator”
1. Target pair: GBP/JPY
This is also one of the major currency pairs, and its high volatility makes it convenient for discretionary trading.
2. Operating hours are around midnight to around 9:00 AM
Similarly, by narrowing the operating hours, the indicator provides more accurate signals tailored to the currency pair for discretionary trading.
3. Beginner-friendly
Settings are simple and the chart after setup is straightforward, making it easy to handle and suitable for beginners.
4. Chart screen explanation
In the upper-right, it shows the current time and whether a signal is occurring and the direction of the intended entry (buy or sell).
・Features of “Neko Indicator 2”
1. Target pair: GBP/USD
This is also a major pair and can be used in volatile markets. It can be used in conjunction with the Neko Indicator.
2. 24-hour operation
Unlike the Neko Indicator, there are no constraints on operating hours, so it can display trading signals across more timeframes.
3. For intermediate to advanced users
Three indicators to set, with a chart rich in information; you can add your own discretionary judgment to the indicator information and signals for even more accurate trades.
4. Chart screen explanation
5. Entry conditions
1) Buy
Price above the "IMA blue line" and Power RSI value below the -42 line
2) Sell
Price below the "IMA red line" and Power RSI value above the +42 line
If these conditions are met, a signal appears.
Additionally, discretionary trading using the 0 line is also possible.
【Video verification】
Please check the on-chart displays and behavior of the signals when using the indicators. The video shows a September 2019 chart played at high speed.
• "Neko Indicator" Signal Confirmation Video
• "Neko Indicator 2" Signal Confirmation Video
【In conclusion】
I have introduced two indicators by Dr. Neko.
Because you can backtest the results of trades made according to the signals for both, there's no issue with the reproducibility of the logic. You should be able to experience discretionary trading that mirrors popular EAs using these indicators.
