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DragonsTail Indicator

"Dragon's Tail" is an integrated trading system, not just an indicator. This system analyzes each candle on a minute-by-minute basis, which is particularly effective in high market volatility conditions.

The "Dragon's Tail" system identifies key market moments referred to as "bull and bear battles". Based on these "battles", the system gives trade direction recommendations. In the case of an arrow appearing on the chart, this signals the possibility of opening two trades in the indicated direction. The yellow and green lines function as take-profit levels for the first and second trades respectively. After closing the first trade upon reaching the yellow line level, it is recommended to set a stop-loss for the second trade at the level of its opening.

The choice of timeframe and tools depends on the trader's preferences, however, for achieving optimal results it is recommended to use the H4 and D1 timeframes, taking into account the spread size of the selected instrument.

The settings parameters of "Dragon's Tail" can be divided into two groups:

  • Parameters directly affecting trade results:
    • History depth - only affects the display of entry points on the chart. Recommended values: D1 - 10, H4 - 15, H1 - 20.
    • Take-profit 1 and take-profit 2 - affect the final result. Recommended values depending on the timeframe: D1 - 250/450, H4 - 150/250, H1 - 75/150.
  • Parameters responsible for the visual design of the system. These can be set as per the trader's wish.

It's important to remember that "Dragon's Tail" is a system that requires active participation from the trader and cannot operate autonomously. It's crucial to monitor the load on your trading account and make decisions about averaging positions only in cases where it's justified from a market situation and your trading strategy standpoint.

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Daniel Stein
4.93 (14)
Obtenga su actualización diaria del mercado con detalles y capturas de pantalla a través de nuestro Morning Briefing aquí en mql5 y en Telegram ! FX Volume es el PRIMER y ÚNICO indicador de volumen que proporciona una visión REAL del sentimiento del mercado desde el punto de vista de un bróker. Proporciona una visión impresionante de cómo los participantes institucionales del mercado, como los brokers, están posicionados en el mercado Forex, mucho más rápido que los informes COT. Ver esta info
Introduciendo       Quantum Breakout PRO   , el innovador indicador MQL5 que está transformando la forma en que comercia con Breakout Zones. Desarrollado por un equipo de comerciantes experimentados con experiencia comercial de más de 13 años,       Desglose cuántico PRO       está diseñado para impulsar su viaje comercial a nuevas alturas con su innovadora y dinámica estrategia de zona de ruptura. El indicador de ruptura cuántica le dará flechas de señal en las zonas de ruptura con 5 zonas
Otros productos de este autor
Piranha version 2
Maria Strudov
5 (1)
"Piranha" - an autonomous trading system that determines overbought and oversold levels on the chart. Red and blue zones represent overbought and oversold levels respectively. Entry points are marked with arrows: a downward arrow in the red zone for "sell" and an upward arrow in the blue zone for "buy". The Take profit level is indicated by the green moving average. Key features: Adjusting the Take profit level as the green moving average changes position. Averaging ability when a new market e
"Dragon's Tail" is an integrated trading system, not just an indicator. This system analyzes each candle on a minute-by-minute basis, which is particularly effective in high market volatility conditions. The "Dragon's Tail" system identifies key market moments referred to as "bull and bear battles". Based on these "battles", the system gives trade direction recommendations. In the case of an arrow appearing on the chart, this signals the possibility of opening two trades in the indicated directi
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