Utilization of the "Visualization Indicator" (Part 157)
Utilization of the "Visualization Indicator" (its157)
1. Further evolve the "28 Currency Pairs List Indicator" into an indicator
“8CPVisualization Indicator”to drawAUDJPY.
The “8CPVisualization Indicator” includesOceania version,London version,NewYork version,AnyCP version. This time, theOceania version was used.
The top half is theAUDJPY 15-minute chart. The bottom half is from the “8CP Visualization Indicator”; the green thick line graph corresponds toAUDJPY.
On Monday, the graph forAUDJPY fell below the others, so a short position was opened. We will close after waiting for a reversal from the May bottom. About500pips of profit was earned.500pips is large, isn’t it?
If you use “TrendLine-EX, you can automate entries and exits when crossing diagonal trend lines. You can leave it as is for an easy trade. “TrendLine-EX
2. Best SelectIndicator to Try
The figure below is a screenshot taken on2024 year7 month25 day16:41 (JST)
[Total]The numbers are sorted in descending order. The bottom-most lineAUDJPY shows red color across all timeframes. Moreover, theTotal value is -1836.56, a large negative number. This indicates a downward trend for.
Now, let’s look at the chart forAUDJPY.
The red arrows indicate the location where the screenshot was captured. It captures a sharp decline; since it is near the bottom, selling from here would incur a stop loss. The currency pair28 pairs, the best-select indicator shows which pair had the steepest drop, but you should not immediately trade short just because it’s the steepest. You should first check the overall chart trend.
The “28 currency pairsBest Select
“28 currency pairsBest Select indicator”
https://www.gogojungle.co.jp/tools/indicators/35128
3. 2021 year5 month onward, what happened to? movement continues.
2021 year5 month onward,
To observe the overall trend, we draw about30 minutes of the most recent approximately3 weeks.
Last time, I wrote the following.
JPY is rising,EUR is slightly downward. Therefore,EURJPY will trend downward.
As predicted, it declined.
30 minutes currency strength chart.
Pink isEUR, green isJPY.JPY is rising,EUR is horizontal. Therefore,EURJPY will trend slightly downward.
4. NewEA “AI One-Catch EURJPYMT4/MT5) has started selling.
“AI One-Catch EURJPY is anAI based market analysis,AI developed 90% into an “over hundred-million-dollar”EA. It aims to profit from high-volatility moments without averaging down or martingale, like a pure “one-catch” fishing out profits from the vast market.
In the most recent forward testing, a drawdown state has occurred.MT5 version shows\\
27,246, MT4\\
https://www.gogojungle.co.jp/systemtrade/fx/51292
https://www.gogojungle.co.jp/systemtrade/fx/51393
5.
Recommended Indicators
“TrendLine-EX”
https://www.gogojungle.co.jp/tools/indicators/42257
“8C Currency Strength Visualization Indicator” please refer to the following page.
MT4 version https://www.gogojungle.co.jp/tools/indicators/39150
MT5 version https://www.gogojungle.co.jp/tools/indicators/39159
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