Forex
Apocalypto is a trend momentum system based on five indicators MT4:
Medium
term trend.
Market
strength.
Short
term trend.
Market
momentum (Price
must
be
on
the ‘right’
side
of the Moving Average
(above-BUY
/
SELL-below).
Trend
confirmation.
Full
compliance
of all
indicators.
Price
is
above the
average.
The
market is
ready
for
a
long position
(BUY).
Example
of LONG trade (BUY).
Full
compliance
of all
indicators.
Price
is
above the
average.
Price broke the medium trend band. The
market is
ready
for
a
long position
(BUY).Example
of SHORT trade (SELL).
Full
compliance
of all
indicators.
Price
is
below the
average.
The
market is
ready
for
a
short position
(SELL).
Example
of SHORT trade (SELL).
Full
compliance
of all
indicators.
Price
is
below the
average.
Price broke the medium trend band. The
market is
ready
for
a
short position
(SELL).
It
may
happen
that you are
late
for
the
first
entry,
or
you trade conservatively
and
wait
for
further
confirmation
from
the market.
In
this case,
you
can always
look for re-entry at
a later
stage
of
the
movement.
The
condition is: the confirmation of
the
system
to
continue
moving
in
that direction.
When
to exit a trade
There
are several methods
for
closing
the
transaction. At
the first sign of decline in the strength of movement When price hit
major support and resistance levels, especially those confirmed at
high time intervals Dashboard: DB
is a small indicator located in the upper right corner. It provides
basic information about the market, like -: currency pair-
time interval -
time until another candlestick is open -
spread value -current price-
ADR (average daily range) indices .
- ADR indices show us two periods of time and the current (today's) price range. The first one (ADR 30) indicates a medium price range over the last month (last 30 days). The second one (ADR 5) shows us the price range throughout the last five days.
- How to put this information to practical use?Firstly, ‘Today Range’ indications tell us how much "space" left there is on a given instrument until the maximum is reached for the day. If, for example, TR shows 50pips, and ADR (5) and ADR (30) indicate 100pips, it's very likely the instrument you're observing will get closer to these values, providing additional 50pips of movement.
- Another very important piece of information from the indications of ADR is the change of the market's sentiment and dynamics, which can be derived from the mutual relation of ADR 30 and ADR 5.If ADR 5 is lower than ADR 30, it means the volatility prevalent on the market is currently decreasing, and a smaller price range for each day can be expected.If ADR 5 is higher than ADR 30, it means dynamics on the market are growing by the day, so you can count on greater movement range.
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