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SN Satern BO Indicator


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18 replies to this topic

#1 Rarno

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Posted 06 December 2018 - 06:41 AM

Hello friends,

 

While searching for the Trade60Sec indicator, I stumbled upon this free indicator in MQL5 community marketplace.  I attached the indicator below but if it does not work, you can download it yourselves from MQL5.  Here is the URL - https://www.mql5.com.../product/25255#

 

The author of this indicator suggested 3 to 5 minutes expiration when trading in Binary.  I have not tested this yet but I find 1 min expiration using 1 step martingale recovery seems to work well.  1-step martingale means, if you lose a trade, quickly open another trade in the same direction either with the same lot size or double lot size for recovery purpose.  If the 2nd trade still lose, you stop the trade (no more increasing of lot size to recover your lost).

 

Attached is the screenshot.

 

I don't have all the answers yet.  I invite those who are keen to join this forum and explore.

 

Questions:

a.  Should we trade this indicator in trending or ranging market only ?

b.  Should we trade on 1 min chart with 3 to 5 minutes expiration as suggested by the author ?

c.  Should we trade this indicator on higher TF like 5 minutes with 5 to 15 minutes expiration ?

d.  Is martingale recommended for this indicator ?

e.  Is there any pair or trading hours that we should avoid with this indicator ?

f.   etc.

 

The author has written several articles on the indicator that he coded.  They are in Russian.  Google translation can be confusing.  Anyone who understand Russian can perhaps explore his articles and share his other works.

 

Happy trading ...

 

Attached Files


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#2 franciscofonseca

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Posted 06 December 2018 - 09:42 AM

Sorry but the indicator does not work in MT4. 



#3 Rarno

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Posted 06 December 2018 - 09:53 AM

Sorry but the indicator does not work in MT4. 

You can download it from MQL5.  I have provided you the URL.



#4 lerka1905

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Posted 06 December 2018 - 11:43 AM

as a Russian, I can answer some questions according to the description of the author on the market:

a) a trend market is recommended (quote “ I pay attention to the general direction of the trend and take the first 2-3 signals in its direction.

No other indicators and levels are used in trading. ')

 u can trade any TF, the fact is that the EXP should be 3-5 candles

c) - // -

d) statistics  on screenshots https://sovetnikov.n...-sixty-seconds/

I think everyone can decide if he wants to apply MG


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#5 lerka1905

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Posted 06 December 2018 - 11:46 AM

:rolleyes:



#6 Cladi48

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Posted 06 December 2018 - 01:11 PM

Dont work



#7 Tripack

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Posted 06 December 2018 - 01:52 PM

Mmm, that indicator is adx based which is a trend following approach, at the same time you need to follow the trend...
The delay is a good idea I think but I think you need to look for some horizontal level instead once the adx indi triggered.
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#8 joe0074

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Posted 06 December 2018 - 06:33 PM

May I ask when the arrow appears on the chart? At the closing of the current candle? 



#9 Rarno

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Posted 07 December 2018 - 02:27 AM

May I ask when the arrow appears on the chart? At the closing of the current candle? 

Please! you can answer such question by downloading the indicator and try it out yourselves.



#10 Rarno

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Posted 07 December 2018 - 02:31 AM

Mmm, that indicator is adx based which is a trend following approach, at the same time you need to follow the trend...
The delay is a good idea I think but I think you need to look for some horizontal level instead once the adx indi triggered.

All indicators are lagging signal.  We definitely need some kind of leading indicators to help make a better judgement call.  Probably the reason why some indicators work well when you delay your entry in a trending market.



#11 Rarno

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Posted 07 December 2018 - 02:34 AM

:rolleyes:

Thanks mate!  Author wrote many articles on his other strategies as well.  Would you explore and maybe start a new topic if you find them useful ?



#12 Rarno

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Posted 07 December 2018 - 02:38 AM

Dont work

Indicator don't work or strategy don't work ??  If indicator doesn't work, get it from MQL5 market place.  I download it from MQL5 market place after registration.  If you know how MQL5 market place works, you will know that I cannot simply copy the indicator from my Indicator\market folder and share it here.  That's why I mentioned in my post ... go get it in MQL5 market place if it doesn't work.



#13 osssmoretti

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Posted 07 December 2018 - 12:26 PM

Very good indicato, I use with 1 minute exp.



#14 binaryop

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Posted 08 December 2018 - 12:23 AM

Indicator don't work or strategy don't work ??  If indicator doesn't work, get it from MQL5 market place.  I download it from MQL5 market place after registration.  If you know how MQL5 market place works, you will know that I cannot simply copy the indicator from my Indicator\market folder and share it here.  That's why I mentioned in my post ... go get it in MQL5 market place if it doesn't work.

i think its not adx ,seems moving averages cross over ..i need to see it live for its repainting behavior .



#15 melga10

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Posted 08 December 2018 - 02:24 AM

Hello, I downloaded it but I do not read it in mt5 ... I copy it in the "indicators" folder, but it does not give it to me



#16 binaryop

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Posted 08 December 2018 - 03:05 AM

Hello, I downloaded it but I do not read it in mt5 ... I copy it in the "indicators" folder, but it does not give it to me

no accuracy 



#17 melga10

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Posted 08 December 2018 - 11:36 AM

no accuracy 

??? I do not understand



#18 xtraderz

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Posted 08 December 2018 - 11:58 AM

hi

#19 binaryop

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Posted 09 December 2018 - 01:23 AM

This SN Arrow indicator have no winning % accuracy .. check it out for 2-3 months chart  ..moreover real trading strategy cannot have many trades like that ... Realistic trading story is something different ..i would be either happy if i can have 30 trades / month with 70-80% ITM  consistently . so do not be greedy to earn many trades but focus on winning trades if it is 1 trade a day .






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