Stochastic Advanced MT5

The Stochastic Advanced MT5 is a robust forex software designed specifically for professional traders. It offers advanced features and functionalities to enhance trading strategies and improve decision-making. This review will delve into the key aspects of the software, highlighting its benefits and unique capabilities.

Key Features

Stochastic Advanced MT5 is an indicator that displays Stochastic indicator signals for multiple timeframes simultaneously. Unlike traditional indicators, it showcases signals as arrows directly on the price chart, eliminating the need for a lower indicator panel. Traders have the flexibility to customize the appearance, type, and color of the arrows based on their preferences.

Trading Signals

The indicator duplicates the signals of the Stochastic indicator based on specific criteria. A long signal is generated when the main Stochastic line reverses below level 20 and crosses this level from bottom to top. Conversely, a short signal is triggered when the main Stochastic line reverses above the level of 80 and crosses this level from top to bottom. These signals provide valuable insights for traders to make informed trading decisions.

Two Timeframes

One of the standout features of Stochastic Advanced MT5 is its ability to display signals from two timeframes simultaneously. For example, it can showcase signals from H1 and H4, H4 and D1, and so on. These signals are presented concurrently on the current timeframe. Dots represent signals from the current timeframe, while arrows represent signals from the older timeframe. This feature enables traders to gain a comprehensive view of the market and make well-rounded trading strategies.

Alert System

To ensure traders never miss potential trading opportunities, the indicator comes equipped with an alert system. When signals appear, the indicator can send alerts or push notifications to the trader. This feature can be enabled or disabled according to the trader’s preferences. By staying informed about market movements, traders can take timely actions and maximize their trading potential.

Filter System

Stochastic Advanced MT5 offers an optional filtering system to refine trading signals based on the prevailing trend. This system utilizes an exponential moving average with a period of 13. If the price is higher than the moving average, only long signals are allowed, while short signals are permitted when the price is lower than the moving average. Traders can select the timeframe for the moving average, and only filtered signals will be displayed on their charts. This filtering system aligns with the principles of Elder’s Three Screens system and enhances the accuracy of trading signals.

External Options

The software provides various external options for traders to customize their trading experience. They can adjust parameters such as overbought and oversold levels, the number of bars to display indicator signals, signal line crossing, application to close or current price, and the display of signals for higher timeframes. Traders can also enable or disable alerts and push notifications, as well as the filter system. These options empower traders to tailor the software to their specific trading preferences and strategies.

Independent Testing and Updates

For traders seeking independent testing of the Stochastic Advanced MT5, they can visit the forexroboteasy.com website. The website offers comprehensive testing and analysis of various forex software, including this product. Traders can access valuable insights and make informed decisions based on the results of independent testing. Additionally, traders can subscribe to updates on the testing results of this product, ensuring they stay up to date with its performance.

Share Your Experience

If you have used the Stochastic Advanced MT5, we invite you to share your experience. Your feedback and insights can contribute to the growing community of traders and help others make informed decisions. Share your thoughts, strategies, and any tips you may have for maximizing the potential of this powerful forex software.

In conclusion, the Stochastic Advanced MT5 is a powerful forex software designed for professional traders. With its advanced features, customizable options, and comprehensive trading signals, it offers a valuable tool for enhancing trading strategies. Take advantage of its unique capabilities and explore the possibilities it presents for your trading success.