This is the first of the GM ELITE indicator range. Designed for Algorithmic Traders looking to speed up their process of testing and optimizing their algorithm. This script contains an entire suite of indicators, that work together in unison to find optimal trade entries, based on NNFX rules. There are two versions of this script. One is a strategy and built in back-tester, and the other will update in real time designed for live trading and forward testing.
This script is for live trading/forward testing.
Entries/Exits
The System has 5 indicator slots, and the user can choose one indicator per slot - Trend Confirmation Indicators to pick when the market has taken off - Volume and volatility Indicators to determine the strength of the trend or whether the market is ranging. - Moving Averages for trend bias - Exit Indicators to signal when to get out!
Money Management
Dynamic allows you to choose your Stop Loss and Take Profit distance based on a multiplier x ATR. Options to exit the whole trade at TP or at a signal from the exit indicator of your choosing. Start and End times (Window) to backtest.
Euro Volatility FX Vix ( aka EVZ) is built in. You can toggle a filter for low EVZ or whether or not EVZ is above average. No signals will be given if EVZ is below threshold. EVZ is one of the best indicators of overall forex market volume and volatility .
Customization
Several visual and color customization options. Thousands of possible parameter combinations.
The "bias" or mode of the Confirmation Indicators appears at the top and bottom of the screen as horizontal rows of triangles. For any two-line Indicator (eg MACD ) if the fast line is above the slow line, the triangles are green, other-wise, they are red.
For any "Level Cross" indicator, when the line is above the level, the triangles are green, otherwise, they are red.
The Arrows at the bottom of the screen determine whether or not there is sufficient volume