The main purpose of the algorithm under consideration is to display the supply and demand zones on the trading chart. These zones are perceived as places of the upcoming price level reversal. Since the signals generated by the described algorithm are extremely simple and understandable, it can be safely recommended to all novice speculators.
The Advanced Supply Demand indicator, due to its high level of versatility, produces fairly accurate signals on almost any time frame and currency pair.
To download the Advanced Supply Demand indicator, use the link that you can see below.
Download Advanced Supply Demand Indicator
Advanced Supply Demand indicator. Optimization
The installation procedure for the considered algorithm is elementary. You do not need any special skills or experience to complete this task. After starting the considered algorithm, a window with its parameters will appear in front of you.
The considered algorithm has the following parameters:
- “Time-Frame”. This parameter is responsible for the time interval that you plan to use for making money.
- “Min-HFT-candle-before”. In this field, you must specify the number of bars, after analyzing which the described algorithm will generate signals.
- Min-Xfactor-of-price-travel-away-ATR. This parameter corresponds to the minimum value of the ATR instrument included in the described algorithm, at which it will start generating signals.
- Limited-factor-of-big-zone. In this field, you must specify the maximum size of the supply and demand zone.
Despite the fact that the described algorithm has a significantly large number of adjustable parameters, for its correct functioning it is enough to adjust those mentioned above. Due to the relatively small number of adjustable parameters that affect the correct functioning of the described algorithm, both a speculator with impressive experience and a beginner can easily cope with the optimization process.
It is elementary to use the described algorithm to make money on the foreign exchange market. You need to transfer the Advanced Supply Demand indicator to the chart of the selected asset and optimize it. Then you just need to wait for the next signal to appear and create a position in the desired direction.
As soon as the price level reaches the red band and makes a turn, you should create a buy position. It is recommended to close this deal after the price level reaches the green band.
At the moment when, having reached the green band, the price level changes direction, you should create a sell position. Only after the price level approaches the red band, the previously created deal must be closed.
The best option is to use the described algorithm in conjunction with additional tools, since this approach is safer. To learn how to correctly optimize and apply the described algorithm, use a demo account. Only after accumulating the required amount of experience and skills can you start trading for real money.