Usage of “Visualization Indicators” (Part 168)
"Visualization Indicator" utilization (its168)
1. Further evolve and develop the "28 Currency Pair List Indicator" into an indicator
"8CPVisualization Indicator"to drawCADJPY.
"8CPVisualization Indicator"Oceania version,London version,NewYork version,AnyCP version exists. This time, I used theOceania version.
The upper half is a 15-minute chart ofEURAUD. The lower half is from the "8CPVisualization Indicator"; the red-thick-line chart corresponds toEURAUD.
Buy at points where the chart group breaks upward and close at the peak. With one day of holding, approximately190pips in profit was achieved.
If you useTrendLine-EX, you can automate entries and exits at inclined trendline breaks. You can leave it as is, enabling easy trading. "TrendLine-EX" is a semi-automatic EA that sells automatically on a break below the trendline and automatically closes on a break above the trendline.
2. Best SelectTry the indicator
The figure below is a screenshot taken on2024 year10 month9 day10:35
[Total]The numbers are arranged in descending order. At the bottom,NZDUSD is shown in red on all time frames. Moreover, theTotal-3682.23, a large negative number. This indicates a downtrend for NZDUSD.
Now, let's look at theNZDUSD chart.
The red arrows indicate the point where the screenshot was taken. It captures a sharp drop during the middle of the downtrend.
The "28 currency pairs Best Select indicator shows which currency among 28 pairs has the strongest trend, and tells you whether to trade now with color and numbers. It provides an at-a-glance view of all currency pairs' movements.
"28 currency pairs Best Select indicator
https://www.gogojungle.co.jp/tools/indicators/35128
3. 2021 year5 month to present EURJPY movement?
2021 year5 month since EURJPY
To view the overall trend, a 30-minute chart showing roughly the last3 weeks is drawn.
Previously, I wrote the following.
EUR is horizontal to slightly upward,JPY is downward. Going forward, is expected to continue an upward trend.
Overall tendency is upward, but the horizontal line at163.500 seems to be acting as resistance.
30-minute currency strength chart.
Pink showsEUR, green showsJPY
4.
New EA "Swap TargetEA" (MT4/MT5) is currently under review.
"Swap TargetEA" is a type of EA that buys only during trends to gain both currency gains and Swap profits. The number of entries is quite small (about 3 times per month), so it has not yet passed review. Please wait a little longer.
When sales commence, I am confident it will meet expectations.EA.
Even traders with a small amount of capital can use it to grow funds efficiently. The position is a single long position.The risk (loss ratio) can be adjusted by the user, so conservative traders can set lower risk, while traders aiming for higher returns can expect a reasonable return from the EA. Depending on the settings, it can become a "billion-dollar EA".EA includes a MT4 version and a MT5
※ Here is an example of backtest results.
＜Billion-dollarEA＞
Currency pairGBPJPY-cd (Great Britain Pound vs Japanese Yen)
Period5 minute(M5) 2012.01.03 15:20 - 2024.09.18 04:50
Model All ticks (the most accurate method using the smallest available time frame)
Initial margin\1,000,000
Spread40
Net profit\109,227,903.49
Profit factor1.45
Absolute drawdown\32,5007.22
Maximum drawdown\15,074,260.89 (13.27%)
Total trades473
Win rate(%) 246 (52.01%)
2012 backtest shows that from currency gains alone, over 100 million yen is achieved. PlusSwap gains of1,533 hundred thousand yen are added, totaling100 million net profit. This makes it a"Billion-dollarEA"
＜Case of small funds＞
Assuming funds of\10,000, I conducted recent backtests from2024 year January August.
Currency pairGBPJPY-cd (Great Britain Pound vs Japanese Yen)
Period5 minute(M5) 2024.01.02 00:00 - 2024.08.30 23:45 (2024.01.01 - 2024.08.31)
Model All ticks(the most accurate method using the smallest available time frame)
Initial margin\10,000
Spread40
Net profit\13,421.71
Profit factor2.04
Absolute drawdown\323.11
Maximum drawdown\6,047.52 (21.87%)
Total trades28
Buy positions(Win rate） Win rate(%)18 (64.29%)
Net profit is\13,421, but includingSwap gains of about1,366, the total profit is\14,787. gains added to the capital, resulting in\24,787 (2.47x) increase. Moreover, the absolute drawdown is only\323., a 64% win rate, indicating a fairly safe and secure trade.
"Swap Target의 advantages are shown in the diagram.
Note: the "Swap Target EA" is currently under review at Gogojungle.
MT4 version: linkhttps://www.gogojungle.co.jp/systemtrade/fx/54473
MT5 version: linkhttps://www.gogojungle.co.jp/systemtrade/fx/54704
5.
Utilization of "Toretore Indicator"
I upgraded the "Toretore Indicator." Added alert feature and arrow display. Also added several usage examples. Please see the product page for details.
The "Toretore Indicator" is a versatile indicator that can be used in many places.NZDUSD was implemented on the 1-hour chart.
The lower half is the "Toretore Indicator."NZDUSD chart shows the uptrend ending, forming a triple top and then reversing into a downtrend. In the upper chart, the uptrend line, support-resistance line, and the price line ofNZDUSD intersect at one point, creating a clean chart.
The selling-entry point of the "Toretore Indicator" is the white circled area. Outside of that area, it is important not to trade. By using the "Toretore Indicator," you can perform carefully curated trades at precise points."One-shot trading"230pips.
How to use the "Toretore Indicator" is to strictly "take only where there is opportunity." Wait patiently for the main line of the "Toretore Indicator" to approach the zero line, then look for the point where the main line color turns red. A red downward arrow will appear on the indicator. In the above figure, that area is circled in white. If you enter a sell at this point, you can avoid unnecessary entries and enter at an optimal point.
6.
Recommended indicators
"Toretore Indicator"
https://www.gogojungle.co.jp/tools/indicators/50115
"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
version https://www.gogojungle.co.jp/tools/indicators/39159
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