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Indicators with acoustic signals: options in Forex
Many traders have a negative attitude to intraday trading, and when you have to listen to the arguments of most critics, it becomes obvious that people do not understand the true cause of their failures, caused by reluctance to follow the market. Beginners assume that it is possible to trade in a chaotic manner and to a profit in the end.
In fact, the system trade involves not only compliance with the rules at the time of the transaction, its main strength is in compliance with sequence of operations. Practiced needs all the signals that are received, only in this case the overall result of the series of warrants will be positive.
I don't want to say that a lot of newcomers undisciplined, for example, often have to combine work and trading, and maybe some household chores need to be addressed.
In any case, to monitor the fluctuations in prices often becomes difficult, so to help in this case, only the indicators with audible signals. The main thing to remember that a reliable day trade is hours of waiting and only a few minutes of real action.
How to work lights with sound signals
In MetaTrader by default, added special sound files, which are used to alert trader about various events. To find their names via the menu item "tools – Options - Events tab".
The alternative is to go to the working directory of the terminal in the following way: "MetaTraderSounds".
Here are the files with the extension wav" and are used for writing indicators with audible signals. The programmer simply adds to the code a specific condition at which terminal "will issue" alert, while the terminal itself can be rolled up. All that is left for the trader to deploy a work schedule, assess the situation and make a decision.
I said nothing to "assess the situation", the fact that fully automate a really good intraday strategy very difficult. However, many scalpers are trading it works (the result of full automation is EA logical?).
Of course, if we talk theoretically, the inputs in a fully automated strategy can be automated, but with outputs often have problems (ranging from re-quotes and ending with the specificity of the instrument). So many scalpers prefer to fix the profit manually, that is, roughly speaking – mathematics is responsible for the input and experience for the positions.
An example of the use of indicators with acoustic signals
To begin with that tie "alert" can be almost all indicators. If the totality of the sound indicators to be divided into groups, we get the following classification (if you try, it is possible to identify subgroups, but for us it is not important):
1. Signal on the break of the level (if the opening price of the candle is level) is a fairly sophisticated algorithms, as with the correct marking levels, problems arise even for traders, what can we say about "the machine".
2. Beep when the oscillator the critical level is the simplest assistants, built on standard indicators.
3. Misleading trader on reversal, which is often determined by using MA.
That last group and I would like to elaborate, because I recently came across an interesting indicator called AllAverages_2.5. It looks like this:
In fact, it's moving average, when changing the angle which the terminal beeps. Unlike standard MA, the user when setting up AllAverages_2.5 can choose as a calculation formula one of the twenty options ranging from simple moving and ending with the integral linear regression.
Like many other indicators with acoustic signals AllAverages can be used as a warning signal. For example, if a trading strategy includes buying/selling with the trend on pullbacks, trader do not need to constantly monitor the market, all this work will make the algorithm.
In this case, the audio signal will go after average prices will begin to rise or fall (if this happens, we can talk about the completion of the rollback), the user just needs to find the right moment for the conclusion of the transaction.
By the way the signals on the chart you can see that unique color is assigned not only the principal direction of price movement (red is bearish, blue is bullish), is the yellow color that indicates a reversal.
At the moment of appearance of yellow color indicator with beep beep for the first time. Therefore, even if the trader trades aggressively and opens a position immediately after the turn, "mA", he still will be a certain time in order to familiarize with the situation.
Depending on which formula is used to calculate the average prices, the duration of the period, painted in yellow color, may differ greatly, also the result of the calculation strongly depends on the type of price (Open, Close, etc).
I hope I answered the question "why do we need indicators with acoustic signals" while trading within the day. You could bring a dozen more examples, but it is pointless since the sound without problems screwed to any expert. For almost all standard indicators (stochastic, RSI, etc.), audio versions are freely available.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 906
| Rating: 0.0/0 |
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