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First Cross

3
This indicator is based on Linda Bradford Rashkes First Cross system.

Normally trend based systems follow the trend from beginning to end, but this indicator instead selects a piece of the trend. This approach can be a very reliable alternative way of trading a trend.

It waits for the 1st move to become exhausted then enters in anticipation of a sudden surge. The trend if found using a faster momentum indicator. When we get a cross on the 2nd oscillation we get our signal. Hence we capture a piece of the trend.

Features : 

  • Based on a unique trading concept  
  • Choose your favourite colors and size of Line and Arrow
  • Send alerts to either your PC, eMail or mobile device
  • Can be traded on any market and timeframe 

Settings : 

Moving Average Settings : 
  • Fast MA Period - Sets the period of the fast moving average. Recommended at 200.
  • Fast MA Method - Sets the method of calculation for fast moving average. EG 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA
  • Fast MA Applied - Sets the type of price we base our calculation on : PRICE_CLOSE, PRICE_OPEN, PRICE_HIGH, PRICE_LOW, PRICE_MEDIAN, PRICE_TYPICAL, PRICE_WEIGHTED
  • Slow MA Period - Sets the period of the slow moving average. Recommended at 200.
  • Slow MA Method - Sets the method of calculation for slow moving average. EG 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA
  • Slow MA Applied - Sets the type of price we base our calculation on : PRICE_CLOSE, PRICE_OPEN, PRICE_HIGH, PRICE_LOW, PRICE_MEDIAN, PRICE_TYPICAL, PRICE_WEIGHTED
  • Average Of Oscillator - We compare a current bar the moving average is based on to the previous bar. The further back we go the more smooth the moving average direction becomes. EG 20 for smooth, 1 for choppy.
Graphical Object Settings
  • Moving Average Color - Color of moving average 
  • Histogram Color - Color of histogram
  • Arrow Color Buy - Color of buy arrow
  • Arrow Color Sell - Color of sell arrow
  • Arrow Size - Size of arrow
  • Cross Color Buy - Color of cross on buy
  • Cross Color Sell - Color of cross on sell
  • Cross Size - Size of cross
Start Hour End Hour
  • Start Hour - On and after this hour the EA will start trading.  
  • End Hour - On and after this hour the EA will stop trading.
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Aleksandr Makarov
Special offer! https://www.mql5.com/ru/users/bossik2810 Gold AMS   - is a good technical stock indicator. The indicator algorithm analyzes the asset price movement and reflects volatility and potential entry zones. The indicator 100% does not repaint!!! The best indicator signals: If a signal appears, it does not disappear! Unlike indicators with redrawing, which lead to loss of deposit, because they can show a signal and then remove it. Trading with this indicator is very easy. We wait for a
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Trend Line Finder MT5
Stephen Reynolds
5 (2)
Trend Line Finder will project forward a support and resistance lines using 2 previous highs for resistance and 2 previous lows for support.  It will then signal to the trader by alert making the trader more aware that a possible good move is about to happen.     This is not a stand-alone trading system but is very useful in finding key areas of support resistance levels where price will usually either rebound from or breakthrough. Its down to the trader to decide what to do with use of other s
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Elliot's Triangle is taken from 1 of the 13 patterns within the Elliot Wave Theory that says social or crowd behaviour tends to reverse in recognisable patterns and of which they reveal a structural pattern that appears in nature, as well as the mass psychology of trading participants. From this, he has devised various identifiable patterns that appear in market prices. One of these is what I have named Elliot's Triangle. This triangular pattern appears to reflect a balance of forces, causing
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ZZ Scalper
Stephen Reynolds
4 (1)
This EA exploits the inevitable behaviour of price fluctuations and breakouts. Because market prices will always fluctuate to higher highs before ebbing down to lower lows, breakouts of these levels will occur.   This EA will open a trade in anticipation of catching some of the profits from these breakout moves. We use the fixed exit methods of Stop Loss, Take Profit and Trailing Stop in such a way so that we will scalp small but consistent profits.  No martingales needed, just a simple but ex
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Bollinger Breakout Trader tells the trader when the market is about to breakout from a non-volatile period. Non volatility usually means its building up steam for more good moves in future. A signal is formed when this switch from non-volatile to volatile occurs. These periods are measured by both Bollinger Bands and Keltner Channels. Bollinger Bands measure the standard deviation of price from the Moving Average which results in an expanding and contracting channel. Keltner Channels are based
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Trend Line Finder
Stephen Reynolds
5 (1)
Trend Line Finder will project forward a support and resistance lines using 2 previous highs for resistance and 2 previous lows for support.  It will then signal to the trader by alert making the trader more aware that a possible good move is about to happen.     This is not a stand-alone trading system but is very useful in finding key areas of support resistance levels where price will usually either rebound from or breakthrough. Its down to the trader to decide what to do with use of other s
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ZZ Scalper MT5
Stephen Reynolds
1 (1)
This EA exploits the inevitable behaviour of price fluctuations and breakouts. Because market prices will always fluctuate to higher highs before ebbing down to lower lows, breakouts of these levels will occur.   This EA will open a trade in anticipation of catching some of the profits from these breakout moves. We use the fixed exit methods of Stop Loss, Take Profit and Trailing Stop in such a way so that we will scalp small but consistent profits.  No martingales needed, just a simple but ex
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This trading method is inspired by Linda Bradford Raschkes 3 Little Indians pattern. Put simply we anticipate price will approach a projected line that is based upon 2 previous fractals.    If 2 previous upper fractals occur we draw an upper line projected forward. If current price approaches this line we anticipate price will keep moving towards the line and breakthrough so we buy.    If 2 previous lower fractals occur we draw a lower line projected forward. If current price approaches this
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Fractal Scalper
Stephen Reynolds
This trading method is inspired by Linda Bradford Raschkes 3 Little Indians pattern. Put simply we anticipate price will approach a projected line that is based upon 2 previous fractals.    If 2 previous upper fractals occur we draw an upper line projected forward. If current price approaches this line we anticipate price will keep moving towards the line and breakthrough so we buy.    If 2 previous lower fractals occur we draw a lower line projected forward. If current price approaches this
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Zig Zag 123
Stephen Reynolds
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Break Even Trader MT5
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4.5 (2)
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Triple X Scalper
Stephen Reynolds
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Break It Down
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4.33 (3)
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The Hidden Gap
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Trendy Trader EA
Stephen Reynolds
In the trading world a golden rule that stuck with me is "hold on to your winners and cut your losers short". This golden rule is how this EA gains a positive advantage.  The EA is based on the indicator Trendy Trader. As stated unlike a standard moving average this unique algorithm will show you a less choppy signal resulting in a smoother and easier trend to follow. Put simply when price moves above the average it signals a bullish trend and when price moves below the average it signals a b
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Stephen Reynolds
A system with steady ROI > 10% a month like clockwork!  Hi Lo Breakout strategy opens and closes trades based on the time of day in relation to the highs and lows of both yesturday and today. It will then trade out these prices using the trade management settings within user inputs.    For best results see .set file at comment  no2 . Features : A purely mechanical system. Simply set and leave. No martingale or grid.    Risks are small per trade.   An optional automatic lot adjustment feature t
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Bollinger Breakout Trader tells the trader when the market is about to breakout from a non-volatile period. Non volatility usually means its building up steam for more good moves in future. A signal is formed when this switch from non-volatile to volatile occurs. These periods are measured by both Bollinger Bands and Keltner Channels. Bollinger Bands measure the standard deviation of price from the Moving Average which results in an expanding and contracting channel. Keltner Channels are based o
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Trendy Trader
Stephen Reynolds
Unlike a standard moving average, trendy traders unique algorithm will show you a less choppy signal resulting in a smoother and easier trend to follow thereby making your trading decisions more confident.  Put simply when price moves above the average it signals a bullish trend and when price moves below the average it signals a bearish trend. The trader is then given 2 levels of take profit and a stop loss on each new signal. It can also be added to other trend-following systems for better per
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This Indicator is based on the Indice gaps between todays open price and yesturdays closing price. On Metatrader these are not shown as we only see a 24hr chart. If we want to know the gap between the open at 16:30 and yesturdays close at 23:30 on the SP500 this EA will reveal the gap. On Indices these types of Gap close approximately 60% of the time within the same day and is demonstrated on the panel which records previous gap closures and provides to the user a statistical proof of gaps clos
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Volume Analysis Trader looks at volume using a fixed average of volume. This averaging helps spot when volume is rising or declining. Also I have added volume spikes which are when volume suddenly is above the average. These help spot market reversals. This will hep a trader look for the following in their trading: Rising volume during a rally shows trend is strong. Falling volume on a rally shows trend is weakening. As a rule of thumb on daily charts if current volume is higher than yesterday's
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Divergence Convergence MACD is based on the classical divergence and convergence methods of charting. Divergence is when we get higher highs and lower lows on our uptrend but which are not supported by our indicator which makes lower highs and therefore signals the underlying momentum is failing and so a reversal might occur. Vice versa for downtrend. Convergence is when the higher highs and higher lows of an uptrend are also confirmed by our indicator making lower lows which helps us confirm th
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The Midnight Scalper
Stephen Reynolds
2 (2)
Midnight Scalper is based on a sound trading principle. It is made to trade during times when the market is at low volatility. From 23:00 to 00:00 is best.  It uses multiple indicators for precise entry and exits with a basic fixed stop loss and take profit as part of its money management strategy.It does not put your funds at high risk with such methods as martingale, grid, averaging positions or no stop loss trading. ECN broker is required with a tight spread and low commission. NOTE :   Afte
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faithdefender
1736
faithdefender 2022.06.11 23:19 
 

I am still working with this indicator. It has not been a "bread winner" so to speak, but the concept is good. The Vendor has tried to solve a few issues and I appreciate that. He immediately addressed a bug. The indicator is not very flexible in terms of changing colors. Most people I know have traditionally used blue for demand and red for supply. Not a game changer, and I try to change the colors but they change back to the default. I would like to come back with a revised review in the future if things change. The indicator does not put out alot of signals which is good, but it misses quite a few as well. The indicator did not break the bank and I always appreciate a fair price.

lauro1956
5577
lauro1956 2021.11.19 13:16 
 

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Version 1.1 2021.11.19
1) After someone kindly pointed out arrows were not showing when placed onto chart. I fixed this problem. It now adds arrows onto chart when applied to chart.