The described algorithm is able to detect hidden Gaps, and, therefore, it will allow you to identify the optimal moments to enter the market. The considered algorithm marks the identified Gaps on the screen.
The signals of the described algorithm are quite simple and intuitive, due to which the described algorithm can be recommended even to novice speculators who are just getting acquainted with the foreign exchange market.
The WRB indicator boasts a fairly high level of versatility, since the signals it generates retain an acceptable level of accuracy on almost any time interval and currency pair.
To download the WRB indicator, use the link that you can see below.
Download WRB indicator
WRB indicator. Optimization
The very procedure for installing the considered algorithm is as simple as possible. This task does not require any experience or special knowledge. After you run the algorithm in question, a window with its parameters will appear on the screen.
To successfully apply the described algorithm, you will need to make changes to the following parameters:
- Use-Whole-Bars. This parameter is responsible for finding long bars by the described algorithm. In order for the described algorithm to search for bars with a long body, you should select the value “true” in this field.
- “WRB-Look-Back-Bar-Count”. In this field, you must specify the number of bars that the described algorithm will consider in the process of generating signals. The larger the number you enter in this field, the less often the described algorithm will generate signals.
- “Start-Calculation-For-Bar”. This parameter is responsible for the number of bars from the history, which the described algorithm will be guided by in the process of generating signals.
The considered algorithm has a significantly larger number of adjustable parameters, but for its successful application it is necessary to optimize only those indicated above. Due to the fact that you only need to make changes to three adjustable parameters that have a direct impact on the correct functioning of the described algorithm, the optimization process can be handled not only by a speculator with a certain trading experience, but also by a beginner.
The very process of using the described algorithm to make money on the foreign exchange market is as simple as possible. You should transfer the WRB indicator to the chart of the selected asset and optimize it. Then you should wait for the next signal to appear and create a position in the desired direction.
When a blue rectangle appears on an upward bar, you should create a buy position. This position must be closed after the price movement stops up.
When a blue rectangle appears on a downward bar, a sell position should be created. This order should be closed quickly after the price stops moving down.
It is important to understand that some of the signals generated by the described signals may turn out to be erroneous, therefore it is recommended to use it only as an element of your own trading system. To learn how to correctly apply the described algorithm, use a demo account.