PipFinite Cluster Helix Indicator Review

PipFinite Cluster Helix Indicator Review

One indicator that combines trend, pullbacks, range breakouts, and statistics

It is primarily used as an entry indicator. Work in any pair or timeframe.

The following are some examples of

  • Range breakouts are detected on pullback zones that move in the direction trending.
  • Calculates possible targets for next signals by analyzing statistics of maximum profit.
  • Tool that can be used to improve trading systems in many different ways
  • StopLoss levels
    • Option 1: Range Levels
      • Buy signal below blue range box
      • Above red box is a sell signal
    • Option 2 : Statistical Data
      • Buy Average Value for Buy Signal
      • Sell Average Value for Sell Signal
    • Option 3 – Higher Value
      • Compare Option 1 with Option 2, and select the higher value
  • TakeProfit Levels
    • Option 2: Standard TakeProfit
      • Buy Average Value for Buy Signal
      • Sell Average Value for Sell Signal
    • Option 2 – Quick Profits for Scalping
      • Minimum Average Value
  • Avoid late range breaks
    • RSI values below 70 are buy signals
    • Sell signals are triggered by RSI values above 30
  • Avoiding trend weakness
    • Take only the first three consecutive signals that point in the direction of trend
    • Wait for the pullback area to change color before avoiding the 4th signal.
    • Click here to view the video on
  • Exit Strategy
    • The decision to exit will be at the discretion of each trader, according to their strategy
      • Support/Resistance Zones
      • Price action patterns can provide reversal signals
    • You can also use Exit Scope to exit.
  • Supporting Tool
    • Price action trading is ideally combined
    • Combine Strength Meter to increase probabilities.
    • Combine Volume-critical to avoid false signals.
      • Buy signals should not be used if the Volume Critical is overbought
      • Sell signals should be avoided if volume critical is oversold
  • Never repaint
  • Never ever backpaint
  • Never recalculate
  • Signals only on “Close of bar”
  • Compatible with Expert Advisor Development

Day Trading Strategy (M15)

PipFinite Cluster Helix Indicator Review

Buy Setup

  • H4 Timeframe shows bullish pullback zone (green zone). Enter entries using the M15 timeframe
  • M15 Buy Signal
  • Strength Meter Bullish only Levels 1 to 3 (Use period = 20 for setting).
  • The RSI is less than 70
  • Set your Stop Loss
    • Option 1: Above blue range box
    • Option 2: Purchase Average Value
    • Option 3: Choose the highest value of Option 1 or Option 2
  • Take yout profit
    • Option 1: Use average Buy Average value
    • Option 2: Use the Minimum Average Value for scalping

Setup for Sale

  • H4 Timeframe shows bearish pullback zone (red zone). Enter on M15 Timeframe
  • Sell Signal M15
  • Strength Meter Bearish only Levels 1 or 3 (Use period = 20 for setting).
  • RSI greater than 30
  • Set your Stop Loss
    • Option 1: Below red range box
    • Option 2: Sell average value
    • Option 3: Choose the highest value of Option 1 or Option 2
  • Take yout profit
    • Option 1: Use the average sell value
    • Option 2: Use the Minimum Average Value for scalping

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/17047?source=Site+Profile+Seller

Related Articles

Responses

Your email address will not be published. Required fields are marked *


Translate »