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MultiSymbol Triple Screen Trading System MT5

4

Purpose

The indicator is intended for manual multi-currency trading based on the Triple Screen Strategy.

It works with any symbols located in the Market Watch window of the MT5: currencies, metals, indexes, etc.

The number of instruments can be limited by capacity of the МТ5's parameters. But if desired, you can create several windows with various set of instruments and parameters.


Operation Principle

The indicator uses the modified Triple Screen Strategy for determining trend direction in the third window via Awesome Oscillator, Moving Average or Stochastic Oscillator at the trader's discretion. The oversold/overbought level is determined in the second window via Stochastic indicator. We also use Stochastic indicator in the first window, but this time we are determining the best market entry point. As a result, we obviate the necessity to move pending orders according to the market (what the classical system requires) and can enter the market at once.


Target Audience

The indicator will be useful for those who prefer multi-currency trading.

If you use the Triple Screen Strategy, you have to analyze three time periods for each instrument. You need a lot of time to work with a large number of symbols. We created this indicator to facilitate this work. It independently analyzes all chosen instruments by three time periods. When it finds the required combination of parameters' values, it notifies a trader about a possibility to perform a trade.

The trader only needs to specify parameters which will be used by the indicator to check the possibility to perform the trade with given instruments.


Features

The indicator informs the trader about the possibility to perform the trade by means of a message popping up on the screen, sending message to an e-mail or a mobile terminal, or just by a sound notification.

The indicator works with current prices (uses the zero bar).

To reduce the CPU load, it is possible to customize the period for redrawing the indicator values.


Input parameters

  • Indicator_Position
    • myPosition - indicator location in the main window of the chart 
  • Visible_Symbols
    • Symbols - enter the instruments for tracking (separated by commas, without spaces)
  • Third_screen_Settings
    • ThTrendAO - trend direction based on the Awesome Oscillator indicator on the third screen (ON/OFF)
    • ThTrendMA - trend direction based on the Moving Average indicator on the third screen (ON/OFF)
    • ThCrossMA - price above/below the Moving Average indicator line on the third screen (ON/OFF)
    • ThTrendSt - trend direction based on the Stochastic Oscillator indicator on the third screen (ON/OFF)
    • ThCrossStLev - the main value of Stochastic Oscillator above/below the oversold/overbought level on the third screen (ON/OFF)
    • ThTF - timeframe of the third screen 
  • Second_screen_Settings
    • SeTrendSt - trend direction based on the Stochastic Oscillator indicator on the second screen (ON/OFF)
    • SeCrossStSig - intersection of the signal line by the main line of the Stochastic Oscillator on the second screen (ON/OFF)
    • SeCrossStLev - the main value of Stochastic Oscillator above/below the oversold/overbought level on the second screen (ON/OFF)
    • SeTF - timeframe of the second screen 
  • First_screen_Settings
    • FiTrendSt - trend direction based on the Stochastic Oscillator indicator on the first screen (ON/OFF)
    • FiCrossStSig - intersection of the signal line by the main line of the Stochastic Oscillator on the first screen (ON/OFF)
    • FiCrossStLev - the main value of Stochastic Oscillator above/below the oversold/overbought level on the first screen (ON/OFF)
    • FiTF - timeframe of the first screen 
  • Color_scheme
    • ClrTips - color for labels and the indicator grid
    • ClrText - color to indicate the instruments and periods
    • ClrUp - color for the bullish trend signals
    • ClrDown - color for the bearish trend signals
    • ClrNt - color for the neutral signals
    • ClrOff - color for the disabled signals

Display

  • green - buy signal;
  • red - sell signal;
  • orange - neutral signal;
  • gray - parameter is disabled.


How to use

Screenshots below indicate an example of trading using this indicator.

The indicator was developed for the contest of traders using manual trading based on the Triple Screen Strategy.


Reviews 1
Devonish
3130
Devonish 2020.05.12 15:32 
 

I've owned this for some time and don't understand why it hasn't had a positive review.

It does what is says and I find it useful for analysis.

As a trading system it doesn't offer up many opportunities, but I think its up to the individual to decide how to use the data.

I've deducted one star (4/5) as its pricey and seems prone to lock up my system (suggesting it demands a lot of resources).

I use it for analysis, then screen shot the result and close it down.

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20 Sources, Non-Repainting, Fast Performance Introducing the All-In-One Supertrend: my first attempt at creating the ultimate trading tool. Designed with flexibility and customization in mind, each source is fully adjustable and integrates seamlessly with the others, allowing you to craft a strategy that fits your unique trading style, without compromising on speed or performance. Note : Each indicator is clear and straightforward -- no black-box methods or gimmick names (like I have seen on
Trading the currency markets is a complex business, not least since we are dealing with pairs of currencies, and by inference, pairs of economies. All economies around the world are interlinked, and reflected in the constant ebb and flow of currency strength and weakness. The problem for us as traders is monitoring so many pairs simultaneously, since every pair does not move independently, but reflects the interrelated nature of this market. The Quantum Currency Heatmap delivers the informatio
Introducing   Quantum Breakout PRO , the groundbreaking MQL5 Indicator that's transforming the way you trade Breakout Zones! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Breakout PRO   is designed to propel your trading journey to new heights with its innovative and dynamic breakout zone strategy. Quantum Breakout Indicator will give you signal arrows on breakout zones with 5 profit target zones and stop loss suggestion based on the breako
PipFinite Volume Critical MT5
Karlo Wilson Vendiola
5 (3)
Volume Gives Depth To Price Action! Volume Critical can accurately locate the cheapest areas to place trades. Enter reversals as early as possible to get the best Risk Reward setups! Features Aggressive algorithm that anticipates reversals Volume Classifications Gray Histograms - Normal Volume, average market activity Orange Histogram - Trending Volume, increased market activity Pink Histograms - Overbought Volume, we can wait for further confirmation to sell Blue Histograms - Oversold Condit
Best Solution for any Newbie or Expert Trader! This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? User manual:   click here That's the first one, the original! Don't buy a worthless wannabe clone
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This adviser can be used without optimization. To get started, you only need to install the desired risk (or the size of the lot) and regularly withdraw profit. For a start, you can install the trial version of the Expert Advisor Hunter bot PriceLines Lite , which will work on a real account with a minimum lot (and therefore with minimal risk). In this, the main version, all settings are available. EA is designed for fully automated trading. It spelled out the function of protection against most
Hunter on the channel breakout Bot The Expert Advisor places the necessary amount of BuyStop and SellStop pending orders with predefined StopLoss and TakeProfit levels at the specified time daily. The EA calculates the channel width using the ZigZag indicator and sets a grid of BuyStop and SellStop pending orders according to the specified settings. The first pair of BuyStop and SellStop pending orders is placed at a predetermined distance from the channel borders. The distance is set in the pe
This utility displays the name of the current symbol and the current period in the chart background in a large font. It is very convenient, e.g. when you use multiple charts with different symbols, period or when saving a chart screenshot. The information is displayed in two lines. In the first line, the chart symbol and current timeframe are shown in a larger font (e.g. AUDUSD,h1 ). In the second line, the full name of the current symbol is displayed in a smaller font (e.g. for GPBJPY it shows
Script Hunting for the Channel Breakout The script is designed for semi-automatic trading. It can place required number of pending BuyStop and SellStop orders with preset StopLoss and TakeProfit levels in one go. The script calculates the channel width using the ZigZag indicator and places a grid of pending BuyStop and SellStop orders according to specified settings. The first pair of pending BuyStop and SellStop orders is placed at the specified distance from the channel's borders. This distanc
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Script Deleting the Hunter The script is developed for fast deletion of pending orders, Up and Dn border lines, as well as arrows (symbols) which appear when an order is placed. Features: Can delete all pending orders of the current chart in one go Can delete all pending orders of the current account in one go Can delete only those orders which have specified magic number Can delete lines which show the channel's border, support and resistance levels marked Up and Dn Can delete all arrows (sym
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An Expert Advisor. A channel breakthrough signal. Attach two horizontal lines to a chart: one for the upper channel line, name it < Up > the other one for the lower border, name it < Dn > Settings: sound = true - play a sound notification alert = true - show a dialog box containing user data comment = true - show a comment in the upper left corner of the chart print = false - print a message to the Experts log repet = 3 - number of times the sound file is played.
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Purpose The indicator is intended for manual multi-currency trading based on the Triple Screen Strategy. It works with any symbols located in the Market Watch window of the MT4: currencies, metals, indexes, etc. The number of instruments can be limited by capacity of the МТ4's parameters. But if desired, you can create several windows with various set of instruments and parameters. Operation Principle The indicator uses the modified Triple Screen Strategy for determining trend direction in the
The indicator displays two nearest levels in real time. The one above the current BID price is a resistance level. The one below the current BID price is a support level. The levels are calculated by the standard ZigZag indicator. Application The indicator can be used as an assistant in manual trading to obtain data on the nearest support/resistance levels. The indicator can be used on any timeframe. When a displayed level is touched or broken through, an audio alert is triggered (specified in
This utility displays the name of the current symbol and the current period in the chart background in a large font. It is very convenient, e.g. when you use multiple charts with different symbols, period or when saving a chart screenshot. The information is displayed in two lines. In the first line, the chart symbol and current timeframe are shown in a larger font (e.g. AUDUSD,h1 ). In the second line, the full name of the current symbol is displayed in a smaller font (e.g. for GPBJPY it shows
This expert Advisor is a more developed version of  News Hunter Bot OneTime . The EA places pending orders BuyStop and SellStop before the news release at a specified distance from the current price. The date and time of the news release is set in the EA parameters for a few days in advance. In total, you can set the time for 20 news. Also, the EA indicates how many minutes before the news you need to place pending orders and after how many minutes you should remove pending orders that have not
This is a multi-currency version of  Hunter bot PriceLines Extra . This expert Advisor can be installed on different currency pairs, with no limit on the number. All copies of the expert Advisor work as one team. When you open a market order for one of the instruments, all other advisors go into standby mode. As soon as the market order is closed, all the experts return to the active mode. For a start, you can install the trial version of the expert Advisor   Hunter bot PriceLines Lite , which w
A dealer with simple logic of opening orders and reliable closing control for advanced. The input signal is determined by only one indicator. Closing occurs on target profit. When drawdring first orders, the following appears. Maximum number of orders - no more than three in each direction. Settings for configuration: ----------- Trade Settings ----------- Quantity Lot 1 - the size of the first transaction Quantity Lot 2 - the size of the second transaction in the series Quantit
A dealer with simple logic of opening orders and reliable closing control for advanced. The input signal is determined by only one indicator. Closing occurs on target profit. When drawdring first orders, the following appears. Maximum number of orders - no more than three in each direction. Settings for configuration: ----------- Trade Settings ----------- Quantity Lot 1 - the size of the first transaction Quantity Lot 2 - the size of the second transaction in the series Quantit
The robot uses the logic of triangular arbitration. To work it, you need to choose a triangle of currency pairs, for example EURUSD_GBPUSD_EURGBP. The robot compares the basic cross-pair with its artificial analogue and trades towards the lag of quotations. The lag is calculated for each of the three currency pairs. The difference in quotations (spread) can be set in the settings. The adviser is multi currency, as it can trade at once with several triangles of currency pairs. The list of cross-
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Devonish
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Devonish 2020.05.12 15:32 
 

I've owned this for some time and don't understand why it hasn't had a positive review.

It does what is says and I find it useful for analysis.

As a trading system it doesn't offer up many opportunities, but I think its up to the individual to decide how to use the data.

I've deducted one star (4/5) as its pricey and seems prone to lock up my system (suggesting it demands a lot of resources).

I use it for analysis, then screen shot the result and close it down.

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