Nico.Muselle

GBPUSD - make it or break it - BBP_NM_V02 rules of engagement

FX:GBPUSD   Bảng Anh/ Đô la Mỹ
1652 lượt xem
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In this chart I would like to show that one indicator only is not enough to make a decision on what a pair is about to do. However, if you see the red line, and the break below 0 of the BBP_NM indicator, you see that you would have made a nice profit if you would have taken that short. Same thing for the blue line, nice profit to the long side which currently is still valid.

Now we have reached a resistance level and the question is whether it will hold or not, that is to be seen. A break and close below the trendline could mean a retracement to the downside. A break above the resistance zone would mean there is more to the upside.

Whatever the market is going to do, feel free to use the new and improved BBP_NM_V02 indicator to help you making your decisions :) The link to the script is posted below.



May the pips be with you !

Bình luận

Oh yes, plus crossing the zero lag EMA...
+1 Phản hồi
That is the one I use it with ... among some other indicators ... and the most important : support and resistance :)
Phản hồi
Is this a new strategy to use with the indicator? I thought the trigger was the change in color not crossing the zero line(?) Can you please explain further or give more examples?
+1 Phản hồi
It's not a strategy, it's just an indicator. Building a strategy around it I leave it up to you because it all depends on what kind of trader you are, what is your risk profile etc etc.
Thanks for using it ! :)
Phản hồi
thanks! will try it
+1 Phản hồi
Nico.Muselle riccardo.pradella
Cheers, let me know how it goes :)
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riccardo.pradella Nico.Muselle
which is the best time frame to let it works?
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Nico.Muselle riccardo.pradella
The time frame does not matter that much, it seems to work fine on all time frames. However, the shorter the time frame the more you are going to have 0-line crosses.
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riccardo.pradella Nico.Muselle
thank you, just one more thing, don't know why i cannot find this indicator, i have added but not finding it. i'am searching for BBP_NM_V2, right?
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Nico.Muselle riccardo.pradella
Go to , click on "Add to favorites", after that you will find it in your favorite scripts.
Let me know if you have further questions :)
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