Sideways Market Statistical Analyzer MT5
The period of low volatility and non-trend movements in the financial market is a period of sideways market (Sideways Market). Sooner or later, volatility begins to grow and the market moves in a trend phase. The period of sideways market (the flat) can be a good time entry into the market. In addition, the lateral market often means the accumulation of the market volume of orders of large investors. Information on the rule of the flat on the market can help you determine a good time to enter the market and an exit from it.
Traditionally, to determine the presence of the flat on the market was used ADX indicator (Average Directional Index, directional movement indicator) or moving average standard deviation indicators. However, both lagging indicator and have very low correlation with the future price movements. They do not give a clear answer to the question began when a flat and when it ends. As a result, traders are getting very fuzzy picture of the current state of the market.
Sideways Market Analyzer – a very accurate indicator based on the theory of statistics. The indicator can detect to the flat state as it is done by traders themselves. In addition, the indicator shows the potential outcome of detection of the side trade market. That is, you know in advance how much profit / loss you get when you enter the market at the time detected the flat. Based on the results of 9 months of back-testing you can expect from 300 to 1000 pips per month when trading with Sideways Market Statistical Analyzer.
You buy when the price breaks the upper border of the flat found, and sell when the price breaks through its bottom border. Sideway Market Analyzer sets a fixed stop-loss and take-profit. The indicator works well on most currency pairs. Below are the results of testing on the history of the five currency pairs for the 9-month period. Five trading currency pairs, you can expect 300 to 1000 pips per month. These results are based on the assumption that you open a transaction for the purchase and sale of the flat detection without the use of other indicators. Of course, using additional technical indicators, you can weed out unprofitable trades and further improve the efficiency of their trade.
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For XAUUSD (gold) abbr. probability = 0.15, the amount of deviation = 0, Take Profit = 1.3, Lot factor = 1.6, the total net profit for 9 months = 27,265 pips at a monthly profit of 2870 pips. Thus, the indicator is suitable for gold.
Important trading parameters
- Abbr. probability (Cut Probability) – You can enter from 0.01 to 0.99. The value will generally be between 0.05 and 0.5. The parameter is a criterion for determining the flat within the current group of candles based on the probability distribution.
- The magnitude of the deviation (Box Buffer Pips) – can enter from 0 to 100. The value will generally be between 0 and 10. This parameter represents the amount of deviation detected by the flat central portion to be displayed on the graph as horizontal lines constituting the border of the flat. These lines can be used as the activation level of orders to buy and sell.
- Coefficient take profit (Take Profit Ratio) – ratio of your take profit in pips / channel width (box height). The value will generally be between 1 and 3. A value of 1 indicates that the take profit (pip) is equal to the channel width.
- Modifier lot (Lot Multiplier) used when your previous trade reaches stop loss. The value will generally be between 1.5 and 2.0. It is recommended to use a value of less than 1.7.
Fully compatible with Harmonic Pattern Plus and Price Breakout Pattern Scanner
As indicators Harmonic Pattern Plus and Price Breakout Patterns Scanner may be combined to improve efficiency, and also Sideways Market Statistical Analyzer can be combined with any of the above products. They can also be combined all three indicators. I found that the flat is often found in conjunction with large harmonic and breakout patterns. When used together, the three products found the reliability of the model is significantly increased. can be found on this web page, how these models work together (in English) to create your own effective trading strategy.
Here you can learn more about the indicator Sideways Market Statistical Analyzer.
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