Then traders who have chosen the method of trading scalping, this article can be useful and interesting. I will tell you about the analysis tool that generates quality signals for market entry. The indicator is called 3rdgenma. Its algorithm is based on two moving averages, which were optimized by the indicator creators. Trading on its signals is very easy, which makes the indicator quite accessible for use in trading even for beginner traders. I’d like to point out the high accuracy of the signals at once. According to available statistics, it is approximately 80 per cent. That is, only 2 and 10 signals are false. That’s a very good indicator, of course. Therefore, I recommend that scalpers pay attention to the 3rdgenma indicator.
Settings and parameters
Copied indicator file
is placed in the MT4 directory, in the appropriate folder. That’s what it’s called the Indicators.
After rebooting the terminal, you can set it on the chart of that currency
a couple that’s supposed to be trading. Working timeframes: 1 minute, 5 minutes
minutes and 15 minutes. Now – about the parameters.
Since Moving average is used in this indicator, there are the following settings
parameters like the periods of these MAs. By default, they are set to 220 and 50.
However, it is recommended to change them depending on the chosen one
timeframe.For a minute chart
the optimal MA values are 240 and 60, for the 5-minute schedule – 12 and 48,
for a 15-minute chart – 16 and 96. By the way, the highest efficiency is shown by trading on the signals of 3rdgenma on a 15-minute chart. And now I will tell you how to use the indicator in trade.
Trade order opening rules
After the indicator is installed on the chart, it will look like this:
If Moving average with less
period (red) crosses the MA with a long period (blue) in the direction
from bottom to top, it means you can open a buy order. Accordingly, in order to open a sell order it is necessary that the Moving average with a smaller period
(red) crosses the MA with a long period (blue) in the direction of top-down.On my screen, there are three examples of market entry by 3rdgenma signals: two to sell and one to buy.Close the order is recommended
when there’s a backlash. For stop-loss we use local
extremes. Trade opening signals
a few warrants, but it’s not that important. That’s not what matters. Most of them…
they’ll be profitable. That’s why the indicator can be useful for a trader to
the creation of a trading system. However, you can trade only on its signals,
without adding any additional analysis tools.Testing of 3rdgenma in demo trading should be mandatory.3rdgenmaDownloadFyodorov’s Inga14.06.2019