The strategy is based on signals generated by two indicators calculated on different timeframes: iAO (Awesome Oscillator, AO) on the D1 TF and iStochastic (Stochastic Oscillator, Stoh) on H1.
The signal is formed in two steps. Example of a BUY signal:
- Step one. On the higher timeframe, wait for the iAO to cross “0.0” on the bar #1
- Step two. Start searching for a moment when iStochastic on the bar #1 at a lower TF falls below the specified level of “-20.0”
MT5 Indicators – Download Instructions
Day Trading PAMXA MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Day Trading PAMXA MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install Day Trading PAMXA MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Day Trading PAMXA MT5 Indicator.mq5
- Copy Day Trading PAMXA MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Day Trading PAMXA MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Day Trading PAMXA MT5 Indicator.mq4 is available on your Chart
How to remove Day Trading PAMXA MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Day Trading PAMXA MT5 Indicator (Free Download)
Click here below to download: