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TBL for mt5


      The Trade by levels for mt5 indicator is designed for automatic detection
forming a model for entering the market on the chart of the selected instrument.


Definitions: 

        Б BSU-the bar that formed the level. 

        ⦁ BPU 1 and BPU 2-bars confirming the level. 

Description of the graphic model:
        хай the high-low levels of the BSU and BPU 1 bars must match with
accurate to the point

        ⦁ there can be any number of bars between BSU and BPU 1.
   
    ⦁ there should be no intermediate bars between BPU 1 and BPU 2.

        ⦁ the value of the high-level bar BPU 2 may differ from the value of the level (BSU and BPU 1) by the amount of backlash. 
        ⦁ in general, the model is formed by 3 bars: 1 bar-forms the level. 2 bar-confirms the level. 3 bar
you must also confirm the level at which the entry is made at the 4th bar.


Trading rules for the model:

  • Trading is conducted according to the trend with limit orders. Only rebounds from the levels are traded.
  • You can trade against the trend in the following cases:
           ⦁ if the current price of the instrument is near the level.
           ⦁ if the issuer has passed at least 75% of its ATR.
  • 30 seconds before the closing of BSU2, a limit order is placed with an offset above/below the level by the amount of backlash.
  • The stop is calculated as a % of the current price, 0.2 – 0.5 is recommended%
  • If the order is not opened, and the price has passed 2 actual stops from the price of the pending order – the order is canceled.
  • Tool: any.
  • Timeframes:
    D1 – to determine the trend, the ATR value for the last 5 days.
    H1 – to enter a trade on the signal of the model.


Indicator Parameters:

  • Period ATR (day) – the number of days to calculate the ATR
  • ATR in pips/punkt-displays the ATR value in pips.points of sale
  • Ratio for TP/SL – ratio of Take Profit to Stop Loss
  • Risk for calculate Lot, (%of Margin) – The percentage of risk from the free margin for calculating the lot
  • StopLoss in % from Bid – the size of the StopLoss in % of the current price
  • Decrease SL 10 times if TF 30 min – If the period of the chart
  • Gap for level on BCL2, (%of StopLoss) – the size of the “backlash” for the BCL2 bar, in % of the StopLoss
  • Number of bars for calculate trend – the number of bars to calculate the trend
  • Text color1 – the color of the data label
  • Text color2 – the color of the data label
  • Text color3 – the color of the data label
  • Stop



Free Download and Review TBL for mt5 from Fxbotreview.com/

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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