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Arrow Entries II

1

Arrow Entries II

 
Arrow entries II indicator

Arrow entries is a tool to help make entry decisions. It draws arrows for buy and sell and is based on 2 Signals and filtered by fast over or under slow Moving Average. 

Do not confuse this with my other indicator Arrow Entries. The rules for a signal is different.

Arrow Entries II produce less signals than Arrow Entries, but are more precise 

Want an EA to do the job for you? Buy it here: https://www.mql5.com/en/market/product/33266

Check out my other products: https://www.mql5.com/en/users/tkjelvik/seller#products


Input variables
Period Signal1: How many candels to calculate Signal1.
Period Signal2: How may candels to calculate Signal2.
Shift_Signal2: Candels back to be used.
Overbought/Oversold area: Value between 0-100
Moving Averages
MAfast: Candels to calculate fast MA.
MAslow: Candels to calculate slow MA.

You also have three alert types to notify you of a signal.
1. Popup Alert
3. Push notifications Alert

Can be used on all currencypairs and timeframes. But I have found that 30M gives the higest winratio. Example EURJPY (picture 1) from January to November 2018 using TP/SL 1to1 had 61% winning trades.


























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Pending Levels
Thomas Kjelvik
Pending Levels EA is a great expert advisor that places pending buy and sell orders at important levels.  It doesn't use any indicators and only use price and levels to make profit. It always use stopploss and takeprofit. Testresults use reasonable SL/TP. It has moneymanagement It doesn't use Martingale or Grid Only a few easy settings: -Magic number: ID of order -Minimum lot allowed -Risk: 0 use fixed lot -Stopploss: Setting in points. One pip is 10 Points. So if you want 50Pip SL you set 5
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Thomas Bradley Butler
30517
Thomas Bradley Butler 2020.08.10 06:23 
 

Recalculates.

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