Vininl Cyber Cycle v01 Indicator For MT5



Table Of Contents:

  1. Vininl Cyber Cycle v01 Indicator For MT5
  2. Almost Like A Traffic Light
  3. Oversold and Overbought The Easy Way
  4. Conclusion

I present to you the Vininl Cyber Cycle v01 Indicator For MT5. In my view this is not just an MT5 indicator with probably the most coolest name for an indicator but it is also amongst the most effective indicators I have used in my trading career. On that note, I shall expand more on the latter to help you deploy and integrate the Vininl Cyber Cycle v01 Indicator For MT5 into your trading systems in an effective manner. 

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There is no use having all these wonderful indicators at your disposal if it is not to be applied to your trading system in ways which yield more consistent growth in your trading portfolio.

Almost Like A Traffic Light

The Vininl Cyber Cycle v01 Indicator For MT5 is essentially an oscillator indicator which marks off certain "stages", if you will, within each up cycle oscillation and down cycle oscillation. These stages may be categorised as early, intermediate and mature stages. So each stage will have a certain colour depending on which stage of the cycle you are in.

Colours red, "amber" and green (in that order) marks the respective early, intermediate and mature stages of each up cycle. Additionally, colours green, amber and red (in this order) marks the early, intermediate and mature stages of every down cycle oscillation. What I like about the down cycle oscillation is that it is easy to remember because it almost follows the sequence of traffic lights (depending on which part of the world you from) from when the light is green.

Oversold and Overbought The Easy Way

The Vininl Cyber Cycle v01 Indicator For MT5 is useful for overbought and oversold regions. Recently what happened was I traded the AUDJPY trading pair (one hour time frame) using the Vininl Cyber Cycle v01 Indicator For MT5. It actually gave us number of great opportunities and I hope what I'm about to show you will also help you to identify oversold regions and overbought regions.

The oversold(red) and overbought(green) regions  operate as continuation pattern entry points so for instance when you're in an uptrend you can look at pull backs and in those regions you may identify an opportunity which might present itself to give you an indication as to when to buy or re-enter. However, I just need to give you a word of warning here that you should not rely on this method too late into the trend especially when you have identified exhaustion levels well into the trend. These exhaustion levels actually alerts you that the trend is about to come to an end.

Now that we have that concept quite clearly etched out in our minds, let us move on to the buy opportunity I identified using the Vininl Cyber Cycle v01 Indicator For MT5 and yes in the picture it might look as though the indicator is a lagging indicator but we can still use it to our advantage to identify high probability trades for the good of your trading portfolio.

Let's dive into the buying opportunity on the AUDJPY trading pair.

What transpired was that the AUDJPY trading pair came out of a "small accumulation" zone and made a breakout to the downside. As per the image above, I know that we missed the opportunity to buy earlier (previous pullback midnight 4 November 2019) in the uptrend but what transpired was that there was a pullback. That pullback was a big one to get the market back into a favourable buying position (7 November 2019). I took that trade but it was not the best way (risk wise) to trade using the Vininl Cyber Cycle v01 Indicator For MT5 because of the fact that we were in a premium price range relative to the underlying uptrend. The best entry, the one we missed, was available to us on 4 November 2019.

Let us look at the previous swing low (4/5 November 2019) made by the AUDJPY pair. The market pulled back and as for the Vininl Cyber Cycle v01 Indicator For MT5 it turned red close to the start of the Asian session (4 November 2019) marked by the red dot. Therefore, at this point I started to wait for the Vininl Cyber Cycle v01 Indicator For MT5 to give me a line colour change from red to yellow; when that happened I opened a buy trade. The reason why I did that because the colour change made by the the Vininl Cyber Cycle v01 Indicator For MT5 was well in sync with the break-and-close-above the opening price of the bullish candle from the bullish engulfing pattern.

For a bullish engulfing pattern the first candlestick is actually a bearish candlestick followed by a bullish candlestick. You may stick to this classic rule for bullish engulfing patterns. I am aware that there are traders with various other rules and protocols which they follow for helping themselves to achieve profitable engulfing pattern recognition. But this is the core essence of what a bullish engulfing pattern is and it has worked for me. Nevertheless, back to our trading opportunity:)

I identified a bullish engulfing pattern and this bullish engulfing pattern would have yielded close to 50 pips. When trading a bullish engulfing pattern you need to be patient. When the bullish engulfing pattern has completely formed you wait for the opening price of the second candlestick to be broken to the up side and then you place your buy trade. You may be stricter and wait for the candlestick to break and close above the second candlestick of the bullish engulfing pattern. That is another way of trading engulfing patterns!

The red zone relative to price action is where you may set your stop loss (couple pips below the swing low).  It's up to you but remember that wherever you set your stop loss make sure the percentage would you risk in terms of your entire portfolio is around close to three to five percent. Depending on how big your portfolio is: if you go for a risk of five percent then you might decide to open five individual trades of one percent each. Like I said, this is totally up to you!

You may simply just open up one trade of five percent risk and then trail and take partials every time the trade moves in your favour. This allows you to minimise the risk gradually and even completely when your stop loss has trailed over the break-even line into profit!

That's how you protect your trading portfolio. This is one of the easiest ways you can go about using the Vininl Cyber Cycle v01 Indicator For MT5.

Yes I do follow the colour scheme that the Vininl Cyber Cycle v01 Indicator For MT5 provides me with but I just use it as a guideline because it demarcates the possible transitional moments from retracement to trend continuation within a market.

Conclusion

The Vininl Cyber Cycle v01 Indicator For MT5 is one brilliant indicator for identifying oversold and overbought regions with the aid of colour legend. This colour legend helps us to quickly recognise the different zones of oversold and overbought regions with every up cycle and down cycle oscillation.

For many people it may seem surprising but you may use the identified oversold and overbought regions for trend continuation trading during the pull backs made in trending conditions. However, as highlighted before, that this method of trading should not be used when the trend is in it's mature stage because it is risky to trade that way. 

As highlighted, it is best to capitalise on the early pull backs or retracements made within the trend. The Vininl Cyber Cycle v01 Indicator For MT5 will easily guide as to where those oversold and overbought regions will be "reached" during rmarket retracements. Once the market has given you a signal for a mini-reversal, then you trade in direction of the underlying trend.

 

About Me

I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

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