Utilization of the "Visualization Indicator" (Part 178)
“Visualization Indicator” utilization (part178)
1. Advance and develop the “28 Currency Pairs List Indicator” into an indicator
“8CPVisualization Indicator”to drawUSDJPY.
The “8CPVisualization Indicator” includesOceania edition,London edition,NewYork edition,AnyCP edition. This time, we used theLondon edition.
The top half is theUSDJPY 15-minute chart. The bottom half is from the “8CPVisualization Indicator”; the green thick line graph corresponds toUSDJPY.
With the indicator, buy when USDJPY breaks up from a series of graphs and exit at the peak. About330pips profit was earned.
If you use “TrendLine-EX”, you can automate entries and exits by diagonal trendline breaks. You can leave it as is for easy trading. “TrendLine-EX” is a semi-automatic EA that can sell automatically on a trendline break and automatically close on an upward break.
2. Best Select Try the indicator
The following figure is a screenshot from2024 year12 month19 day17:46 (JST)
[Total] The numbers are sorted in descending order. At the very top,GBPJPY shows blue color across all timeframes.Total value is6864.93, a large positive figure.GBPJPY indicates a strong upward trend is developing.
Now, let’s look at theGBPJPY chart.
The red arrows indicate where the screenshot was taken, capturing the sharp rise of the uptrend.
“28 currency pairsBest Select indicator” can easily identify which currency among 28 pairs is currently experiencing the strongest trend. It also tells you whether to trade now with numbers and colors. It allows you to judge the movements of all currency pairs at a glance.
“28 currency pairsBest Select
https://www.gogojungle.co.jp/tools/indicators/35128
3. 2021 year5 month in progress EURJPY movement?
2021 year5 month EURJPY movement is being tracked.
To view the overall trend, we描く the most recent about30 minutes for about3 weeks on a 30-minute chart.
Last time, I wrote the following.
Currently,JPY andEUR are both tilted similarly, with slightly higher tilt forJPY, soEUR > JPY in terms of currency strength, thusEURJPY is expected to continue a gradual uptrend.
As forecast, the upward trend continues.
30-minute currency strength chart.
Pink showsEUR, green showsJPY. Currently, bothJPY andEUR tilt upward with nearly the same slope, butEUR has a larger angle thanJPY. As currency strength, the stance remainsEUR>JPYEURJPY
1.
NewEA “Swap targetEA” version・MT4 version) after that
“Swap targetEA” is a type of EA that buys only when there is a trend to capture forex gains and Swap profits.
“Swap targetEA” is designed so that even traders with small capital can grow their funds efficiently. It opens only one buy position. The risk (loss ratio) can be adjusted by the user, so stability-minded traders can set lower risk, while traders seeking higher returns can expect corresponding rewards. Depending on settings, it can even become a “billion-dollar EA.”
version has not started trading yet, so it is under review.
version had been steadily accumulating profits, but currently is in a downturn and is flying at a low altitude. Wait for a rebound.
An illustrative image of the advantage of theSwap targetEA.
Note: the “Swap target EA” version is currently under review at Gogojungle.
MT4 version: linkhttps://www.gogojungle.co.jp/systemtrade/fx/54473
version: link
https://www.gogojungle.co.jp/systemtrade/fx/54704
5.
Use of “Toretore Indicator”
I updated the “Toretore Indicator.” Added alert function and arrow display. Also added a few usage examples. Please see the product page for details.
The “Toretore Indicator” is a versatile indicator that can be used in various places. Below are some application examples for the “Toretore Indicator.” The currency pair isGBPJPY on a15-minute chart.
The main line of the “Toretore Indicator” is near the bottom and the color changes from pink to blue at the point (circled in white in the diagram above), which is an excellent point to buy on a dip. Besides that, by refraining from trades in other areas, you can avoid unnecessary entries.
6.
Recommended indicators
“Toretore Indicator”
https://www.gogojungle.co.jp/tools/indicators/50115
“TrendLine-EX”
https://www.gogojungle.co.jp/tools/indicators/42257
“8CCurrency Strength Visualization Indicator” please refer to the page below.
MT4 version https://www.gogojungle.co.jp/tools/indicators/39150
MT5 version https://www.gogojungle.co.jp/tools/indicators/39159
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