Forex trade entry and exit indicators. How to determine the exact trading signals to open a position? Market entry indicator

Studying the statistics of the work of many traders, you can often come across a situation when the trading analysis is done correctly and the direction where the price will go is correctly chosen, but due to the inability to determine the best entry point for opening a position, it is impossible to make money. A trader can catch one or even several stops, incur serious losses, despair and decide not to trade, when suddenly the price, as if by magic, quickly flies in the right direction. Each trader is able to remember many such stories, and in order to avoid the occurrence of such situations, an entry indicator is needed to work on Forex, which will show exactly where to open a deal and where to hide the stop loss.

One of these tools will be discussed in this review, which will allow everyone to get an effective tool for opening deals. At the same time, the analysis itself can be made complex, relying not only on the indicators of the indicator, but also on macro statistics, the movement of futures, and so on. That is, nothing prevents you from making the forecasting complex.

How to properly prepare for work

The main advice that should be given to every beginner before starting work is not to clutter up the price chart with unnecessary and incomprehensible tools. The workplace looks especially stupid, where trading instruments intended for the same purposes are located at the same time. For example, when there are several trend indicators or oscillators with the same principle of action, etc.

Therefore, it is advisable to choose only the most necessary tools that will really help the situation, and not interfere with it. This is where you should definitely use the entry indicator on Forex, as this contributes to a significant increase in the chances of success.

A tool for pinpointing inputs

Most strategies and trading techniques are based on simple formations. One of them, undoubtedly, is 1-2-3. This is a breakout signal that combines two important points - momentum and an exact understanding of where the stop loss will be. This combination contributes to the formation best entries on Forex, so we suggest downloading this indicator HERE.

Next, the file obtained in the archive must be installed in your trading terminal mt4. To do this, start it, click on the "Open data directory" item located inside the "File" menu, find the MQL4 folder and inside it "Indicators". Placing the unpacked "Indicator" file here, MT4 is turned off and on again, and then on the left in the list of indicators of the "Navigator" window, they find the same name of the instrument at the very bottom and add it to the chart.

As a result, the price chart should look like this.

When adding it in the "Parameters" tab, you can make additional settings for the indicator of inputs, if there is such a need.

How to access the settings and what to change there

If the indicator is already installed, and the settings need to be made in the process, then you should press the key combination "Cntrl + I", put a tick next to "Indicator" and click "Properties".

Now for the settings themselves. For convenience, here's a screenshot where the main groups are marked.

The first three parameters, circled in red, are the conditions for displaying the 1-2-3 model. If you increase the numerical values ​​in the corresponding fields, the pattern will appear less often, but its accuracy will improve. Well, on the contrary - a decrease in digital values ​​will give more signals, but the number of false ones will increase.

The next three parameters allow you to customize how the individual lines are displayed on the price chart.

The Show Targets category, as their name suggests, is responsible for visually displaying targets after entering a Forex position. When catching movements, it is optimal to cover part of the position with a profit in advance, and hold the remaining part a little longer. Therefore, there are two fields. Target1 Multiply sets the first target separately, while Target2 Multiply, respectively, shows where you need to close the remainder of the deal after entering.

Hide Transitions option enables or disables channel building. Below in the screenshot you can see how the chart looks on Forex if the channel display is enabled in the entry indicator.

Having found out what can be configured and how, it is worth moving on to considering the practical value of the indicator.

How to use the indicator for accurate entries in the Forex market

Before a trader who uses the entry indicator on Forex, there are 4 types of signals:

1. Opening a position at the market when the arrow appears.
2. Wait until the arrow appears, and then the rollback, and only then enter.
3. Perform an operation upon a breakout of the local minimum / maximum (depending on the direction of the pattern).
4. Well, you can also enter, waiting for a signal to rebound from the horizontal levels drawn by the indicator, in the direction of the arrow.

Now we will consider examples for each situation separately in order to better understand when to enter on the indicator signal in Forex.

Example of the first signal

The first option involves entering the market immediately after the arrow appears. In this case, the protective stop is hidden behind the last local extremum, and as a take profit, they are guided by the nearest border of the indicator channel.

It looks like this in the screenshot. Both buy and sell examples are shown here.

Example of the second signal

The second type of signal is more conservative, since here the entry to Forex does not take place immediately after the formation of the arrow in the indicator, but only when the price rolls back after the impulse. By the way, up to where the correction will develop is not difficult to guess, since usually reversals occur near the levels.

In the screenshot above, you can see how, after the arrow appeared, the trader waited out, and only then entered the market. The stop should also be hidden behind the previous local minimum for buy trades and behind the maximum for sell entries.

The risk of this approach is that there may not be a pullback, and the advantage is that the potential stop is much less than in the example of considering the first signal.

Example of the third signal

In the case of the third signal, the classic 1-2-3 pattern is worked out. That is, the entry point is a breakout of the previously set minimum / maximum. That is, a trader enters on impulse, risking a stop, but having a high probability of quickly reaching the target level.

Example of the fourth signal

An example of the last type of signal that the entry indicator gives on Forex looks very curious. It allows you to actually engage in scalping by opening positions at the moment of rebound from the level. In this case, the stops will be the shortest, and the profit-to-loss ratio will be the most interesting.

Alternative ways of supporting transactions

Considering that trading is always carried out in the direction of the impulse and usually along the trend, then instead of fixing trades by take profit at the levels, you can try to hold the position in the expectation of even greater profit. In this case, the signal to exit the trade will be the appearance of an opposite signal, that is, an arrow.

Below in the screenshot you can see how much profit a trader could get if he simply held the position until the formation of an opposite signal. If we compare with the classic option, where the deal would be partially covered, then the exit after the appearance of the deal in the opposite direction gave more profit.

The numbers in the screenshot have been chosen in accordance with how you can process signals.

Time slot for entry

The indicator works equally well for finding entry points both on Forex and on others. financial markets... In this case, the time interval does not matter much. You can work equally effectively on M5, H1, and D1. So it is more convenient for anyone here, the choice of a working timeframe does not give any special advantages.

If desired, the indicator signals can be used to search for global trends, and then look for an entry on them on Forex on small timeframes and hold the deal, focusing on a larger time interval. With this approach, the profit-to-loss ratio can be 1:10 or even higher.

To improve accuracy, you can use the Forex entry indicator with other signals. For example, you can wait until the trend line breaks out in the market, which may indicate a change in trend, and then use the indicator to find the pattern and enter the market with a clear stop.

Review of the entry indicator

You can use the Forex entry indicator quite accurately and without additional technical assistants. This tool gives the trader everything he needs to make a good deal, even taking into account some errors in the analysis, since the take profit is always an order of magnitude more stops, and the entry takes place in the direction of the impulse.

According to statistics, the number of false signals is always slightly less accurate, and given that the profit ratio is higher for successful signals, then the trader will always be profitable at a distance.

The main task of any trader is to find the right points for opening and closing orders. All instruments can be divided into the following categories: trend, oscillator and psychological. In addition, they are classified into Forex entry indicators and auxiliary instruments.

The effectiveness of an instrument is determined by how accurately it is able to identify the places where orders are created and closed. After all, it is on this indicator that the profitability of one or another depends trading system.

In this regard, in order to judge the effectiveness of this or that indicator, you need to know the principle of its functioning.

Demanded indicators of entry into the Forex market

The most popular among traders are indicators of entry into the Forex market, which have proven their reliability. I would like to bring to your attention a vivid example of a proven indicator - which produces very reliable signals.

A signal for creating an order is a situation when both instrument curves are located in the overbought / oversold area and intersect with each other.

It is also worth noting that this Forex entry indicator works best when the market is flat. During high activity in the market, the indicator curves can linger for a long time in overbought / oversold zones, thereby giving inaccurate signals.

So the Stochastic Oscillator is best used during the Forex market or to identify a weakening trend. This tool, unfortunately, is not able to determine the moments of a trend reversal, but there are other indicators for these purposes.

The Ku Klux indicator is a tool that automatically plots intraday support / resistance levels. The main difference of this algorithm from other similar tools is the absence of redrawing.

The Ku Klux indicator was developed as a full-fledged trading strategy, since it determines the levels that allow you to determine the optimal places for creating deals, and also recommends points for setting Stop-Loss and Take-Profit. The tests carried out have shown that the markup of the indicator, in addition to solving the main tasks, makes it possible to analyze the situation at older time intervals.

The indicator is recommended for the following pairs: Euro / Dollar, British Pound / US Dollar, Australian Dollar / US Dollar, US Dollar / Swiss Franc, Euro / Japanese Yen. Experienced traders it is advised to use this tool for trading on time frames from M5 to H4.

The indicator was created specifically for trading platform MT4.

You can download the Ku Klux indicator by following the link below.
To optimize the indicator, it is necessary to make changes to the following characteristics:

1. "Level Width". This field sets the width of the displayed levels.
2. "Text Size". On this line, you can change the font size if necessary.
3. "Level Text Shift". This characteristic is responsible for the number of bars by which the algorithm will shift levels within the current day. A positive number in this field makes the levels longer, and a negative number makes them shorter.
4. Show Daily Open. In this field, you can activate the marking of the first daily quote.
5. "Number of Days". This is the number of days that the algorithm will use to build the markup.
6. Show Trend. Activating this parameter displays a display of the dominant trend.

Trend indicators

Instruments from this are intended for trading during periods of high market activity. is a Forex indicator showing entry and exit points. As a rule, two moving averages are used in the complex: a faster and a slower one, the crossing of which is used to enter the market.

Moving averages are also used in another way - as the boundaries of the price corridor. To achieve the desired result, the moving averages must be shifted by a certain distance. In such a situation, trading is conducted on a rebound from the channel boundaries. The signals for opening deals are the price level touches of the channel boundaries.

In addition, moving averages are often used as a basis for other trading strategies. For example, the instruments and, although they are displayed in the form of a histogram, they work on the basis of moving averages built on various time frames. If 2 bars of the same color appear in the instrument window, this is a signal to create orders.

Despite the fact that both of these instruments look very similar to each other, AC reacts much more strongly to changes. price level... It is best used on longer time intervals, as it produces a large number of invalid signals on short time intervals.

Arrow Indicators Forex Entry Exit

Forex entry-exit arrow indicators are the most convenient to use. When a suitable moment appears for entering the market, an arrow lights up on the screen, recommending to create a buy or sell deal.

The choice of certain instruments should be done depending on your trading style. If the trader prefers technical analysis, then it is recommended to use 1-2 tools. Their signals will only be used as confirmation signals.

If a trader plans to trade only using indicators, then their choice must be taken seriously. When choosing indicators, stick to following rules:

• Do not use more than 4 instruments in trading, as there is a high risk that you will simply get confused in all signals.
• It is better not to use volume indicators.
• Before using the tools, you need to understand the algorithm of their work.

From all that has been said today, it is not difficult to conclude that the tools for entering the market are able to make the work of a trader quite easy. With the help of indicators, you can increase profitability quite well, and besides, they are easy to use. In order to really make a profit, you need to choose only reliable algorithms.

We present to you an indicator that, despite its simplicity, has earned recognition among many novice and experienced forex traders. With the help of the points that the Dots indicator places on the quotes charts, this indicator quite accurately shows the entry and exit points when making deals on the Forex market. This means that it can effectively complement any scalping or positional trading strategies.

How the indicator worksDots

Let's start with the fact that the points that Dots use to confirm the places for entering the market (when making deals) and exiting the market (when closing them) are not redrawn. And analyzing enough precise signals of this indicator, we can say that Dots demonstrates the current dynamics of price movement much more accurately than most other indicators from the MT4 platform and shows a trend reversal one of the first.

In other words, when the direction of the trend begins to change, the Dots indicator will demonstrate this faster than anyone else, which will help you make a trading decision more quickly.

The mechanism of this indicator is very simple. Analyzing the slope of the moving averages, as well as taking into account the open / close prices of candles, Dots demonstrates the direction of the trend and its change, for which it places points of two colors on the quotes chart:

• Blue - trend up
• Red - trend down:

Indicator signals

As you can imagine, the main indicator signal is a change in the color of the dots. Respectively, trading signals for entering and exiting when concluding and closing deals will be as follows:

• Change from blue to red - a place to enter the market for sell (or exit from buy trades)
• Change from red to blue - a place to enter the market for purchases (or exit from transactions for sale):

As you can see, during a trend in the Forex market, this indicator shows fairly accurate and stable trading signals and, most importantly, keeps the trader from leaving the market prematurely, allowing you to take the maximum number of points from each transaction.

However, during a flat, Dots can give a lot of false signals. Therefore, it is better to use it in conjunction with trend-following indicators and at the most volatile time of the day.

As it was written above, Dots uses ordinary moving averages to analyze the price chart. And as we know, this type of technical indicator is considered one of the most effective and accurate. According to professional traders and analysts, traders make much more money with moving averages than with all other indicators combined. But this does not mean that only Dots can be used when trading, and other Forex indicators should be neglected. On the contrary, we recommend using Dots together with additional filters and trend-following technical indicators.

For example, using the same moving averages, only of an older period, you can determine the global trend and trade only in its direction. That is, it is efficient to find places to enter into and exit deals, as well as filter out unprofitable signals.

additional information

Also, Dots can become a unique component for an already assembled complex of a trading system. Thus, you get a successful extension of the strategy due to a more accurate implementation of moving average signals. For example, here's how Dots would look beneficial in a strategy that uses moving averages and the MACD indicator. When moving averages cross, we get a primary signal of a trend change, which must be confirmed. the MACD indicator... Next, we are waiting for the price correction in reverse side and enter the market when the trend continues according to the Dots indicator signal:

We have recently published an article on our website about a unique scalping indicator Contrast ... In our opinion, by combining Contrast and Dots on one quote chart, you can get the perfect picture for scalping.

Thanks to the unique algorithm of the Forex Contrast indicator, you get an excellent filter that determines the direction of entering the market (histogram squares of the same color - at least three tuffframes). Whereas, with the help of Dots signals, you will receive an excellent signal about the possibility of making deals. As a result, the joint work of these indicators will allow you to filter out more than half of unprofitable trades and significantly increase the profit factor of your trading strategy:

Dots indicator setting

While using this indicator, a trader can change some of the input parameters.

Indicators for the MT4 terminal are becoming more and more technical, have more correct predictions, but many traders and investors also want to see best points entering and exiting the market. Most indicators only show the direction of the trend, without showing the exit points.

Forex indicators often show much better profitability in the options market. After all, on binary options in order to get up to 90% of the deal, it does not matter at all how much distance in points the price runs from the moment of the deal. In order for a trading position to close with a plus, and a trader to receive up to 90% of the income, 1 point in the direction of the transaction is enough!

You can try your hand at option trading under fairly loyal trading conditions. For example, in a company you can start trading with $ 10 on your account, concluding deals in the amount of $ 1 or more.

Consider the 2017 indicator showing for opening and closing orders, Ku Klux. This indicator resembles the famous pivots, it looks for rotating price levels on any currency pair, and also, each of its levels can be used as a level to enter or exit a trade.

Ku Klux Pivotal Indicator

It is recommended to use the Ku Klux indicator on currency pairs EURUSD, AUDUSD, GBPUSD, EURJPY, USDCHF, on time intervals from М5 to Н4. Trading can be carried out in all trading sessions, except for the Pacific, since during this period too low volatility interferes with analyzing the market. Recommended brokers for work - and.

It is better not to touch the input parameters if you do not know what you are doing. You can change the Text_Font_Size parameter to a larger or smaller one if you need to increase or decrease the font in the indicator.

To work with this indicator, you need to use only pending orders. Use them to buy from buy levels and sell from sell levels. Stop loss for purchases should be set at BSL, for sales - SSL. Placing stop orders is mandatory, this will reduce the likelihood of large losses and even reduce these risks to zero.

As soon as the profit starts to grow, the transaction must be transferred to breakeven, after the transaction reaches the nearest price level, then it must be moved one more level, etc. The deal is closed only by stop loss or breakeven, as well as, upon approaching the next level, which is important for the trader.

This indicator is similar to the Murray indicator, but it is not trading strategy... Like any indicator, it needs additions and filters, in the form of moving averages, oscillators MACD, RSI, etc. Active trading with Ku Klux, together with filters, can bring good income if money management is properly followed. You should not exceed the risks of 2-5% per transaction and open several transactions on different currency pairs. If you want to trade on several pairs, it is better to split the total risk of 2-5% into several parts.

Best regards, Alexander Ivanov

It seemed interesting to me, because it can help you find good trading signals.

In principle, the idea underlying the Super Passband Filter cannot be considered revolutionary, since such complex indicators have been used for a long time, but in this case the developer was able to create a universal algorithm that generates signals of several types.

The chart above shows an example of the markup of the entry and exit points indicator. As you can see, it consists of two main parts - an oscillator and a special channel, the calculation principle of which is identical to the Bollinger Bands formula.

You can download the Super Passband Filter indicator for free here:

Accordingly, the following variables are used to customize this entire structure:

• Timeframe - timeframe for which the markup will be drawn (if current is specified in the line, the indicator will process the current chart);
• Period 1 and Period 2 - periods for calculating the oscillator;
• Calculation Count - a variable responsible for the channel period;
• Price to Use - the type of prices the EA is based on (it is better to set Open, since in this case redrawing on the last candle is excluded).

The rest of the parameters are intuitive and are used primarily to customize the graphical display (area colors, line thickness, etc.).

Super Passband Filter in and out points indicator

As I noted, considered entry and exit points indicator generates many universal signals, the meaning of which directly depends on settlement periods and timeframes.

In particular, if you use the standard settings, trades can be opened according to the following rules:

• At the point where the oscillator line crosses the zero level from the bottom up, open a buy;
• After the formation of the blue area, we fix the profit accumulated on long positions;
• At the point where the indicator breaks through the zero mark from top to bottom, we work for a sell;
• After the orange area appears, we take the profit received from the "shorts".

Thus, within the framework of this technique, the indicator of entry and exit points recognizes overbought / oversold areas, after reaching which it becomes more difficult for the price to overcome new highs / lows.

It follows that the Super Passband Filter markup can also be useful for counter-trend trading, namely, after the oscillator leaves overbought / oversold conditions, it is reasonable to open a deal to decrease / increase the price of an asset.

Setting up the indicator of entry and exit points on Forex

Please note that I considered all the signals listed above using standard settings. Therefore, for some strategies, additional optimization of key variables will have to be carried out, nevertheless, a lot depends not only on the specifics of the formula itself, but also on the goals pursued by an individual trader.

For example, if you specify not 50 and 60, but 10 and 15 in the Period 1 and Period 2 fields, the markup will change dramatically.

In my opinion, in this situation, the indicator of entry and exit points should be used in a compartment, since the blue and orange areas identify local tops and lows, after reaching which the previous trend continues with renewed vigor.

And the last group of signals provided in the Super Passband Filter assumes the development of classic divergences.

Let me remind you that divergence is understood as a situation in which the price dynamics diverge from the readings of a technical or macroeconomic indicator. In our example, the local bottom corresponds to a higher indicator low, i.e. this is a bullish signal.

If the new price maximum is not confirmed by the next up-extremum of the indicator, we are dealing with a bearish divergence.

I myself consider “diverters” to be not very reliable patterns, so I recommend using them as a filter, but this rule applies to absolutely all oscillators, and not only to today's indicator of entry and exit points.

To summarize today's review, let's just list the main pros and cons of the Super Passband Filter. In my opinion, this algorithm has the following obvious advantages:

• It is easily customizable, moreover, the user can adjust all important variables;
• Signals practically do not lag, i.e. buy / sell entry points appear almost immediately after the actual price reversal;
• A trader gets at his disposal several different patterns at once;
• Thanks to a special channel, overbought / oversold areas are recognized, adjusted for the current volatility, so they will be relevant at any phase of the movement, be it a trend or a narrow sideways.

As for the shortcomings of the considered indicator of entry and exit points, here I can note only minor "brakes" of the terminal on weak machines (due to the constant recalculation of the markup using a complex formula). And also the lack of arrow signs that could automatically point newcomers to the preferred direction for making deals.

Both of these drawbacks are insignificant, since the first one, if desired, is solved by updating an outdated PC, and the second drawback becomes invisible as experience is gained.