You just need to follow SNAKE TS signals and the simple patterns explained in this User trading Manual. That means that you do not need to learn technical analysis, hoe to draw trend lines, find pivot points, Fibonacci retracements, Elliot Waves and all this strange stuff. We have designed SNAKE v5.xx Trading System to be perfectly self-explanatory. Not really a difficult setup to trade this time… The entry point is anticipated of eight bars for a great risk/reward ratio, price action follow the above path but always remain on the border, FORCE indicator raise steadily. In the shot below, you can see how powerful SNAKE TS is following weak trends. In these conditions, closing candles inside the Path may be a good exit point. Price action remain for 90% outside the SNAKE Path, and when comes inside it indicates a change in direction.
In this example, you can see a strong trending market.
#Snake force indicator mt5 manual
In the shot below, you can see two levels plotted on FORCE window, we will review later in this User Trading Manual Therefore, in the end we have earned 280 pips (with only 1 standard contract it is $2.800,00 gain), risking only 70 pips. According to Money Management plan, Take Profits levels must be set 120 and 160 pips from entry point for 1:4 risk/reward (Trend Following on H1 timeframe). Stop losses are set in this case about 30 pips above for the first SELL trade, and 40 pips below for the BUY trade. You can take advantage of this while scalping, to spot better entry/exit points.
#Snake force indicator mt5 how to
That the indicator never repaint the past! HOW TO TRADEĪs you can see, SNAKE MAIN Indicator usually precede FORCE Indicator of 2-3 bars, allowing for better entries. What you see is what you get! You can see in the video On Metatrader 5 of SNAKE TS v5.xx Main Indicator! Watch the video of the High-Frequency Stress Test
The colors given by the oscillator are replicated on chart candlesticks for a better view. It acts as a filter for MAIN signal indicator, and gives important information to avoid false entry with a little bit of simple technical analysis, all explained in this user manual. Red color means market pressure pushing price down, while lime color means market pressure pushing price up. It indicateswhere the market is pushing high or low. In addition, thanks to drawing capabilities of MT5, SNAKE Body is now rendered in a more user-friendly manner.įORCE indicator is the right tool to complement SNAKE TS. The programming power of Metatrader 5 allow us to bring them together, to avoid annoying repaint and lag issues and provide a better performance. In previous SNAKE v4.xx forMetatrader 4, this was divided in two indicators: Snake Body and Snake Path. It works making extensive use of neural networks, with the same algorithm used for meteorological forecasts.īUY/SELL Stop Loss dots (grey) instead, use a proprietary calculation based on a forecast of Average True Range (ATR) and Price Action Channel (PAC), and represent the possible max/min level of price action forecast. The purpose of this indicator is to analyze the current trend and compare it to historical data, to make a prediction for future price action. Lime cloud means uptrend, while red cloud means downtrend. SIGNAL (Snake Body) is the red/lime cloud. Looking at picture below is easy to understand how it works: MAIN indicator is the core system of the trading strategy. That means that they adapt their behaviors following market conditions, for instance to avoid ranging markets or choppy trends. SNAKE TS v5.xx is a combination of two indicators:īoth MAIN and FORCE indicators are composed by many modules, which act in sync to give a clear view of price action.
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