Free Forex Strategies and indicators
  • Home
  • Mt4 Indicators
    • MT5 Indicators
  • Trading Systems
  • Courses
  • Books
  • Free Forex Signals
  • Shop
No Result
View All Result
Contact Us
Free Download Forex Profit System Metatrader Indicators At  Forex Profit Way
No Result
View All Result
Home Mt4 Indicators
Download Stretch indicator For Mt4

Download Stretch indicator For Mt4

in Mt4 Indicators
0
SHARES
Share on FacebookShare on Twitter

Download Stretch indicator For Mt4

Stretch indicator uses the absolute difference value of 10 SMA between open and either the high or low, whichever difference is smaller. The indicator represents the minimum average price deviation from the open price, and is used to calculate breakout thresholds for a trading session.

Trading Strategy

According to the ORB range breakout strategy, a trader places a buy stop order just above the open price plus the Stretch value and a sell stop just below the open price minus the Stretch value. The first order triggered opens a position and the other stop order becomes the stop loss level.

In general, the sooner the entry stop order is hit the more likely the entry will be profitable. In contrary, if the stop order is not filled early, the risk increases and it becomes prudent to reduce the entry size.

Lastly, orders filled towards the end of the day carry the most risk and therefore should be avoided. This also includes times when the market is extremely volatile ahead of news releases.

Trading tip

In order to increase profitability, it would be advisable to use a trend indicator such as Forex Freedom Bar indicator, which is based on CCI displayed over four time-frames, or a simple 50 moving average.

With either trend indicator pointing market’s direction, instead of placing two stop orders based on the ORB trading strategy, only one would be used to decrease the chance of market noise triggering a counter trend order.

Download Now

 Free Download

or

Free Download

Password:  forexprofitway.com

Related Mt4 Indicators

Fibo Pivot Point Candle Bar Indicator Mt4

Download Blue Spread Indicator For Mt4



Don't Miss Pro Indicators And Trading Systems

Check Now

Related Posts

MACD Above Below Bars Indicator mt4
Mt4 Indicators

MACD Above Below Bars Indicator

Trend Manager Open Indicator mt4
Mt4 Indicators

Trend Manager Open Indicator

Vinini Consttickpricem Mt4 Indicator
Mt4 Indicators

Vinini Consttickpricem Indicator

Time Indicator mt4
Mt4 Indicators

Time Mt4 Indicator

Forex Off Trend Alert Indicator mt4
Mt4 Indicators

Forex Off Trend Alert Indicator

T3 Taotra Indicator mt4
Mt4 Indicators

T3 Taotra Indicator

Murrey Math Time Frame Master Pulha 2 Indicator mt4
Mt4 Indicators

Murrey Math Time Frame Master Pulha 2 Indicator

Double RSI of Averages NMC Indicator mt4
Mt4 Indicators

Double RSI of Averages NMC Indicator

TSI Indicator mt4
Mt4 Indicators

TSI Mt4 Indicator

Premium Forex Indicators

  • Trend-Scanner-Indicator

    Market Trend Scanner Mt4 Indicator

  • Download Elliott Wave Good Trade 3 Forex Indicator For Mt4

    Download Elliott Wave Good Trade 3 Forex Indicator For Mt4

  • Download Bollinger Cracker Forex Indicator For Mt4

    Download Bollinger Cracker Forex Indicator For Mt4

  • Download Auto Trade Fusion Automate Signals Forex Indicator For Mt4

    Download Auto Trade Fusion Automate Signals Forex Indicator For Mt4

  • Download Profitable Strategy Trading System For Mt4

    Download Profitable Strategy Trading System For Mt4

  • Download Ganns Signal V4 Forex Indicator For Mt4

    Download Ganns Signal V4 Forex Indicator For Mt4

  • EURUSDH1-fx-shock-pips-1

    FX SHOCK MT4 System

  • NITROFX Forex Trading System

    Download NitroFX Forex Trading System

ADS

Best Free MT4, Mt5 Forex Indicators, Best Forex Strategies and Signals | ForexProfitWay

© 2015-2022 Forexprofitway is a big hub for best forex indicators, trading systems, courses, etc.

Navigate Pages

  • DMCA Policy
  • Terms & Conditions
  • Privacy Policy
  • Advertise
  • Contact us

Follow Us

No Result
View All Result
  • Home
  • Mt4 Indicators
    • MT5 Indicators
  • Trading Systems
  • Courses
  • Books
  • Free Forex Signals
  • Shop

© 2015-2022 Forexprofitway is a big hub for best forex indicators, trading systems, courses, etc.