714# Profit Indicator

Trend or filter: OSMA modified

Submit by Carl 01/11/2016

 

Profit Indicator is an algorithm based on the OSMA, there are two ways to use this indficator: buy-sell trend following

or for to filter trend-momentum arrow.

Time frame 5 min or higher.

Financial markets:any.

Profit Indicator trend following buy-sell

Buy

Profit indicator green line above zero

 

Sell

Profit indicator red line below zero

 

Exit position at the opposite signal or with predetermined profit target with ratio variable (range 1.3 – 2) stop loss. Place initial stop loss on the previous high/low swing.

 

In the pictures there three examples

Profit Indicator trend following buy-sell
Profit Indicator trend following buy-sell
Profit Indicator trend following buy-sell AUDUSD 30 min time frame
Profit Indicator trend following buy-sell AUDUSD 30 min time frame
Profit Indicator trend following buy-sell GBPJPY
Profit Indicator trend following buy-sell GBPJPY

Profit indicator as filter

Buy

Profit indicator line above moving average line= Buy area

 

Sell

Profit indicator line below moving average line= Sell area

 

I have tested profit indicator as filter with two indicators:

Mosca arrow and renko Maker an repaint indicator that can be profitable with experience. Test 1- 2 months on demo accounts to understand how this strategy should be managed.

Profit Indicator as filter with mosca arrow
Profit Indicator as filter with mosca arrow

This template above  based on Profit Indicator can help you with binary option high/low.

 

Expiry time 3-4 candles.

Profit indicator as filter with Renko Maker
Profit indicator as filter with Renko Maker
Profit Indicator filter.rar
compressed file archive 70.9 KB

Write a comment

Comments: 4
  • #1

    fred (Tuesday, 01 November 2016 21:29)

    Hi carl .Thanks for nice indi. But this indicator does repaint ?
    thankyou.

  • #2

    Peter (Wednesday, 02 November 2016 06:27)

    Kindly assist with template for this system.

    Thanks.

  • #3

    Hans (Monday, 14 November 2016 13:53)

    Hey Carl,

    Thanx for this indicator. Looks interesting.....

  • #4

    Dee (Monday, 28 November 2016 08:43)

    Please kindly share your template. THANKS.