Gann Pivot Indicator

Gann Intraday Pivot
  • The indicator is based on W.D. Gann Methodology and Grid chart system customized for the modern market with a simplistic approach.
  • It is designed for Scalping to Intraday Trading. A complete tool with Customizable Price and Time Support and Resistance level.
  • The indicator shows day trend strength in advance with the start of the day. Indicator plots buy/sell signals on charts (Subject to consider with market price action), also the current trade.
  • Indicator plots Daily and Hourly Pivots. Also, Custom Pivots based with 4 calculating points, from Current day high / Last Day High / Current Day Low / Last Day Low.
  • The indicator also plots time pivots which indicate ideal time for a major trend change in the market. ( Subject to consider with market price action.)
  • Indicator plots Gann Master Grid chart layout for advanced analysis.
  • Best Usage: 1 Minute to 15 Minutes charts, All Instruments
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SFX Intraday Planetary Line Indicator

Space Time Intraday Planetary Line Indicator
  • Indicator plots planetary lines without using any CSV file or any kind of data fetching from 3rd party software or Internet!
  • It has inbuilt astronomical calculation being the first of its kind in the MQL indicator history.
  • Planet Degree might differ from 0.5-1.0 degrees than actual. NASA quality.
  • Indicator plots planetary lines based on Custom-able Planetary Coordinates ( Geocentric | Heliocentric ), Planetary Zodiac Method Tropical | Sidereal (Vedic), scaling for plotting planetary lines for Sun, Moon, Mars, Mercury, Jupiter, Venus, Saturn, Uranus, Neptune, Pluto, North Lunar node and South Lunar Node and average of 5 and 8 planets planetary lines. Plots planetary aspect price lines with planets and aspects selection. Also plots Mundane Aspects, Moon Ingress Timing with its Trend strength (Strongest, Stronger, Weak, Continuation, Reversal) Hora lines. All inputs are customizable.
  • Dashboard data shows the daily trend for individual instruments along with effective planet name in Advance. Also the indicator per deg scale. Draws buy/sell signals on the chart with alerts. (Subject to consider with market price actions)
  • Best usage: 1 Minute to 15M chart. (for scalping to day trading)
  • Instruments: All instruments including FX pairs, metals, and indices. Simply adjust the scale accordingly.
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SFX Multi Pair Trend Dashboard Indicator

Multi Pair Trend Dashboard Indicator
  • Indicator show signals for 15 Instruments/ Pairs (custom-able) based on a selected time frame.
  • User can select Maximum 8 indicators according to their choice among 14 available indicators and oscillators with changeable inputs.
  • Indicator Automatically Adjusts its columns and rows based on the user input and can plot multiple Dashboard on the Same chart.
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SFX Risk Reward Indicator

Risk Reward Indicator
  • Shows Risk, Reward and Trailed position monetary value for all active open orders.
  • Here locked profit represents trailed positions.
  • For ECN broker indicator counts order commission into the calculation to show the actual monetary value for a trade.
  • If any order doesn't have any stop loss, then it shows the account free margin in the risk field.
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Trade Duration Indicator

Trade Duration Indicator
  • The indicator shows current active trades (including pending orders) time duration in Minutes, Seconds and Hours.
  • Time duration means how long the order is active in the market, how long the order is running.
  • The indicator shows Trade Lot size, Instrument Symbol, Trading serial number chronologically.
  • Indicator refreshes its data on the chart according to the order activity.
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Tuesday, July 19, 2016

How To Add Quantitative Analysis In Your Day-Trading Trade Management

Pro Trader always needs proper tools to handle everything in right order to achieve trading success day to day. Adding Quantitative analysis in your trading system specially for trade management will simply help you to track everything & understand current situation to take proper trading decision. I will explain step by step process how to do it.

Suppose you have daily trade limit of 15 trades.
Allowed Max Loss per trade is 10 pips.
Profit unlimited but Daily Minimum Target 30 pips.

That means you need to earn 30 pips under 15 trades keeping max stop loss 10 pips. Formula for counting required pip rate per winning trade:

{(Profit Target in pips - Current Pips PL)  + (Trade Limit * loss %)} / (Trade Limit * Win %)

Same formula works for stocks too. Just instead of pips add money value.
But the formula is inefficient if your winning rate is at ZERO which is obvious.
Otherwise it works well.

There is another version of it using present value. You can add remaining trades instead of trade limit in it to find current analysis. But in all cases for the modeling you need to put any winning percentage value to analyse it. You can use following free simulator also from DaytradingLife

For the above example. This is how the analysis looks like:


If you have 80% win rate then you just need to make 5 pips per winning trade to reach to your daily targeting considering 10 pip stop loss. If you have 50% win rate then you need to make 13 pips per winning trade to reach to your target etc etc.

The current RPR is based with Current win rate with remaining trades. For example if you have 15 trade limits & you have 25% current win rate & only 3 trade left as you taken 12 trades already then you need to make 46 pips per winning trade to reach to your target maintaining same win rate. Utilization of this piece of information has lots of benefit. If in next trades your win rate increase then you are doing well. If in next trades your win rate falls than the current then you are falling more etc.

Note: We can not predict that how we will end the day i.e what will be our winning percentage for the day. We can not predict that because it's random, depends on your performance & market performance. So this kind of analysis is mostly with random market hypothesis, which is most efficient I believe. Best way to is keep the daily target higher than the usual. Then if any fall occurs in your performance then at least you can reach to minimum.

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