Fx Parade Indicator
FX Parade is an indicator that helps to decide the direction of the trend and a safe price that confirm the trend and also as entry price, with a suggested TakeProfit price.
FX Parade can be used with any pair, and with any timeframe. It does not repaint.
FX Parade can be used for scalping and day trading. It’s a trend following and a breakout indicator.
FX Parade also help to Look ahead of the chart.
FX Parade is also a multi time-frame indicator {MTF}.
FX Parade can be used with any pair, and with any timeframe. It does not repaint.
FX Parade can be used for scalping and day trading. It’s a trend following and a breakout indicator.
FX Parade also help to Look ahead of the chart.
FX Parade is also a multi time-frame indicator {MTF}.
Entry rules
- if Pop Alert Buy! and the Price are Trending, I will enter Buy order immediately and set my StopLoss and TakeProfit with Range:pip which is above "FX Parade by POOSAA" available on the chart.
- if Pop Alert Buy! and the Price are Ranging, I will set Buy StopOrder Or Buy LimitOrder and wait for the price to come for me and set my StopLoss and TakeProfit with Range:pip which is above "FX Parade by POOSAA" available on the chart.
- if Price are Trending and Pop Alert Sell!, I will enter Sell order immediately and set my StopLoss and TakeProfit with Range:pip which is above "FX Parade by POOSAA" available on the chart.
- if Price are Ranging and Pop Alert Sell!, I will set Sell StopOrder Or Sell LimitOrder and wait for the price to come for me and set my StopLoss and TakeProfit with Range:pip which is above "FX Parade by POOSAA" available on the chart.
More
- It can be used with standard indicator provided by your broker like MA, RSI, Stoch,CCI, MACD, etc, but it is designed to be used alone.
- TakeProfit Price will always be hit in trend.
- The Triangle can be use to draw a trendline to detect a breakout and avoid a fake-out.{see screen-shot}
- The Triangle is also trend and a breakout strategy.
Limitation
- You need to manage your money, Personally.
- TakeProfit Price will not be hit only if the trend is reversing.
Indicator Parameters
0 - means my default settings. “POOSAA”.- History : 0 = all bars.
- TimeFrame : This is to use Different time frame.{Try H4 on M15 chart}.
- Fast_MA: The higher the Number The Stronger the signal{ if Grater-than Slow_MA, you will get a Reversal Signal}.
- Slow_MA: This represent Slow Moving Average.
- Signal_MA: This is for Moderating the Signal.
- Filter: The higher this filter value the stronger the arrow.
- NoticeColour : To change Background Colour of the Notice Board.
- FXParade_Arrow: set true to show FXParade_Arrow.
- Show_Fractal: set true to show FXParade Fractal.
- Show_Trail: set true to show FXParade Show_Trail.
- PopAlert : set true to enable Pop Alert .
- PushNotification: set true to enable Push Notification.
- Email: set true to enable Email Notification.
- EmailNotice : set to your personal understanding of FXParade.
Notice Board
- Range: Use to set StopLoss and TakeProfit.
- Price in Red colour above Range is use to set StopOrder and LimitOrder.
Question and Answer
- if i am buying after a buy signal arrow and another sell arrow appear will i close my buy order.
- NO. i will let either my take-profit or stop-loss to hit, and follow next arrow either buy or sell after previous order is out;