Opportunity

Opportunity is a common indicator that can be used as a trend, and on a neutral market in conjunction with other indicators of your choice.

The main task of the indicator Opportunity - display trendline on any timeframe. It can also display trend line breakdown. Trend lines as moving averages, are among the most reliable indicators that can predict the end or continuation of the trend.

Features Opportunity Indicator:

• counts size of risk a deal on the basis of a percentage of own funds on the account


• It shows the graph line Support and Resistance for any number of levels


• counts transaction size so as to stop loss triggered at a given level of support or resistance does not exceed the amount of risk (with allowance for the spread)


• counts take-profit levels based risk-winning


• finds the nearest point of the trendline for the current and the next time period

From this list it is clear that Opportunity indicator insists on compliance with the rules at any time. It frees you from monotonous manual work, allowing you to focus on the trade policies and trade opening moments.

But the two main features of the indicator:

1. Exempt from common mistakes, because of which the majority of beginners lose money on forex.


2. If you are used to trade quickly, finding the best moments, the indicator will help you never miss such opportunities.

Opportunity Indicator is located in the main chart window. Before using the indicator set it up according to your preferences. Input parameters of the indicator:

• SRNum - the maximum amount of support and resistance levels;


• RiskPercent - the percentage of own funds for the calculation of risk and the size of the transaction;


• ProfitRiskRatio - the ratio of profit to risk used to calculate the levels of take profit before the opening of the transaction;


• TrendScopeSR - amount of support and resistance levels for the calculation of the trend lines. The higher the value, the more lines on the chart (including a breakdown of the lines). It is recommended to use a small value, and to display a strong trend lines use higher timeframes.


• BreakoutTolerance - tolerance values ​​for determining the price breakdown. Use a large value on the higher timeframes and lower value on the younger ones.


• PositionInMicrolots - the size of positions in micro lot.