Here comes a new indicator with alert and email capabilities that maybe is worth a shot. This is called NeuroTrend Indi and NeuroTrend EA. This is a good indicator but needs a little work to do. If you are good at working it around, maybe you can improve it and make it work best for you. Some of the things that needs to be worked out for this is when you backtest it, the signal will flip flops on the same bar that will give you only one signal. Even if at first, it tweaked, it would give you signals on every changed phase of the signal, but only one per buy/sell signal but it signals many times when there is a flip flop signal around.
We can turn this indi into an EA but it needs some filters for market chop, find the best timeframes and currency. First, you can play around with the settings. In the meantime, you may observe that it’s not profitable, as the signals of the indicator change a little late and little too often, you would need filters and maybe some pending orders or buy/sell after x number of pips after the signal will come. You can change strategies slightly to minimize the late signals. You may then buy/sell on the break of S/R. This is the basics of this indi. This indi looks even better on the offline charts if you can get the scripts to reload after the disconnections.
We just need to have an input of “close all trades” hour in order to catch the trends and not go into flat times or into the next day with the last trade. Also, we need to have the same no. of lots or whatever, etc. That may help you. You can also amend the indicator to alert/email on ‘close’ of candle not on ‘open’. It has been doing quite a few good results with only 1 lose out of 6 trades. Not a bad trade then.
Incoming search terms:
- lopez indicator formula
- lopez trend 4 0 download
- MT4 NEURO TREND