Utilization of "Visual化 Indicators" (Part 159)
“Visualization Indicator” usage (part159）
1. Further develop the “28 Currency Pair List Indicator” into an indicator
“8CP Visualization Indicator”to drawAUDJPY.
The “8CP Visualization Indicator” hasOceania version,London version,NewYork version,AnyCP version. This time, we used theOceania version.
The upper half is theAUDJPY 15-minute chart. The lower half is from the “8CP Visualization Indicator”; the green thick line graph corresponds toAUDJPY.
Two weeks ago on Friday, theAUDJPY chart fell below other charts, so I entered a sell. I will close at the bottom on Monday. Even if you start building a short position from Monday morning, the profit would be about420pips, and from Friday about530pips.
※ By using “TrendLine-EX”, entries and exits can be automated when a diagonal trend line is breached. It can be left as is for easy trading. “TrendLine-EX” is a semi-automatic EA that sells automatically when a trend line is broken downward and automatically closes when breached upward.
2. Best Select Indicator trial
The image below is a screenshot taken on2024 year August 5 14:39
[Total]is in descending order. The last row’sAUDJPY shows red across all timeframes. Moreover, theTotal value is-5913.60, a large negative figure. This indicates a significant downward trend for.
Now, let’s look at the AUDJPY chart.
The red arrows mark the point when the screenshot was taken, capturing a sharp drop. The recent low break-down drop is over about500pips, so using the “TrendLine-EX” makes it easy to secure profits.
“28 currency pairs indicator can easily identify which currency among 28 pairs is showing the strongest trend. It also tells you whether you should trade now using numerical values and colors. It provides a quick, at-a-glance view of all currency pairs’ movements.
“28 currency pairsBest Select indicator”
https://www.gogojungle.co.jp/tools/indicators/35128
3. 2021 year May started following EURJPY
In 2021 year May month EURJPY movements have been tracked.
To view the overall trend, a30 minute chart showing roughly the last3 weeks is drawn.
Last time, I wrote the following.
JPY is clearly upward, is slightly upward. Therefore,EUREURJPY is likely to continue to move downward.
As expected, it moved downward.
A 30 minute currency strength chart.
Pink indicatesEUR, green indicatesJPYEUR is slightly downward. Therefore,EURJPY is expected to continue slightly downward.
4. NewEA “AI One-TiedEURJPY
“AI One-TiedEURJPY” usesAI analysis to predict market movements,AI develops 90% of it, as a “billion-dollar EA.” It aims to harvest profits from the market’s big waves without averaging down or martingale strategies, as if fishing with a single line in the vast sea.
In the most recent forward test, a drawdown is still present.MT5 version shows, MT4 version shows \ 159,971 loss occurs. In backtests, the maximum drawdown was20.60%, so it is within expectations. The losses have increased considerably, but long-term thinking says now is a time to endure.
5.
Recommended Indicator
“TrendLine-EX”
https://www.gogojungle.co.jp/tools/indicators/42257
“8C Currency Strength Visualization Indicator” is described on the following page.
MT4 version https://www.gogojungle.co.jp/tools/indicators/39150
MT5 version https://www.gogojungle.co.jp/tools/indicators/39159
【Products I have listed】
