- MetaTrader 5 Trading Platform - MetaTrader 5 Multi-Asset
- Beginner's Guide To MetaTrader 4: Conclusion - Investopedia
7. Confirm the signal with the Trend Power bar. It should have at least one bar in green to confirm the presence of a stronger trend.
MetaTrader 5 Trading Platform - MetaTrader 5 Multi-Asset
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Beginner's Guide To MetaTrader 4: Conclusion - Investopedia
You can download thousands of free trading robots and indicators from the Code Base and use the the applications for trading
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Alas the Wolf Wave indicator gives signals that break the rules. ie it does not produce a decreasing wedge when poits 7and 9 are aligned and points 6,8 and 5 are aligned for a bull or bear wave. The decreasing wedge down should represent a bull wave from point 5 forward and decreasing wedge up should produce a bear market from point 5 onwards.
Can i trade the signals directly : It is advised to do visual backtesting using strategy tested before trading in live enviroment. By doing visual backtesting one can understand the nature of the trading indicator and the underlying risk in it.
..Has the indicator been backtested? : No indicator will be soon decoded to Amibroker format and will be backtested and the backtested results will be soon available in marketcalls.