Setka (grid) Indicator For MT5

Setka (grid) Indicator For MT5

Table Of Contents:

  1. Setka (grid) Indicator For MT5
  2. Trading ideas with the Setka (grid) Indicator For MT5
  3. Setka (grid) Indicator For MT5 - Buy Entries
  4. Setka (grid) Indicator For MT5 - Sell Entries
  5. Setka (grid) Indicator For MT5 - Conclusion

The Setka (grid) Indicator For MT5 draws a grid on your charts. You can configure the grid according to your needs. You can e.g. Change the colosr and the step distance of the grid.

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The Setka (grid) Indicator For MT5 is an optimized indicator for investors designed to improve accuracy at trading. When investors start their day, they spend a vital moment in determining the price range.

Session-based traders often blame the short time that they get to analyze the maximum and minimum price for a certain asset. The difference between the maximum and minimum price for a certain period creates the path to analyze the price pattern.

The integration of this smart tool with a well-balanced trading method can push the performance of a trader to an expert level. But you have to know, the functions of such delicate indicators are always hard to understand.

But as you spend time with the Setka in the demo platform, the features and functionalities will become more prominent. You can find a lope hole almost in any existing trading strategy and blend this indicator to improve the efficiency or the win percentage.


Trading ideas with the Setka (grid) Indicator For MT5


Getting brilliant trading ideas with this indicator is not possible. But if you have an average trading system, you can uphold the strategy and make it a brilliant one with this special Setka grid indicator. It should give you a sense of time in trading.

People miss a great opportunity due to timing issues. Investors who are relying on options trading, have to be very accurate with the entry and exit. And this indicator can help them to achieve perfection in the execution.

But when you install the indicator for the first time, you might not get anything and the chart will be a bit messy in the eyes of many traders. But as you know the proper way to separate the important trading point, you will be making significant advancement in the trading business.

Let’s see the method by which the professional takes long and short trade with this super-advanced indicator.

Setka (grid) Indicator For MT5 - Buy Entries




When you start relying on a specific system, you know the key zone where the price might give you the buying signal. To develop this skill, it will take years of real-life trading experience. The red vertical lines are the period separators.

This works like a chart as you can open the trade at the starting of a specific session and close it right before the next red vertical bars hits in the chart. The yellow vertical line is the place where you should be looking for the position trading signal.

If you take trades right after the yellow vertical line, you can hold on to long trade for at least two to three consecutive rectangles. The blue horizontal lines act more like short term profit taking zone. But in case, you take the trades in the hourly chart, it should give you a decent zone to set the RR ratio to 1:3.

But remember, the traditional strategy must be used to find the long trades. The trades should be taken at the start of the new rectangles. Taking trades or the formation of long buy entries in the middle or last part of the rectangle box indicates weak signals.

Those who have a system that generates more than 80% profitable trade, should see the setups are formed at the safe zone marked in the rectangle. That means the trades will be taken within the left half portion of the rectangular zone.


Setka (grid) Indicator For MT5 - Sell Entries




The purpose of the blue line is to give you an exact location for the trade. Usually, investors will ignore the fact, the blue line will not hold. But if a resistance level merges with the blue line, you do have a great opportunity to make money by shorting the asset with an advanced trading strategy.

Let’s say, you know the drill to find the horizontal resistance level. The valid resistance should merge with the blue line and the rejection of the candle should be present on the blue line. Take your short trade when the setup is formed right after the formation of a new rectangle.

Each rectangle represents a new trading opportunity. Never intend to open any trade near the end segment of the rectangle. You should notice that many trade setups are overlapping with the horizontal lines and these setups should be ignored.

The best place to open the trade is to wait for 2-3 candles after a new rectangle is formed. In case, you want to take the trades in the retracement, you can wait for 4-7 candles or consider the left half portion of the rectangle as the safe zone.


Setka (grid) Indicator For MT5 - Conclusion


The indicator might seem a little bit conceptual to many new investors. But if you know the algorithm behind these dashed lines that draw the rectangle, you will never take things lightly. You can analyze the past trades that you have lost with the help of this indicator.

Surprisingly, most of the losing trades will be taken after the candles have filled the left half portion of the rectangle. And the execution needs to be close with the blue horizontal line as these lines merge with the important support and resistance.

Remember, each of these lines is connected to highs and lows of daily, weekly, monthly, hourly, and minute time frame data. All the important levels in the different time frames are carefully evaluated by a smart algorithm which results in this amazing rectangle box.

If you truly want to improve the accuracy and want to depend on a precise entry point, this might be the perfect indicator. You don’t have to rely on our statement as you can backtest the performance of this indicator in the demo platform.

 

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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