Penguen Scalp [yavusss]
Penguen is an indicator created by using softened moving averages and candle formations and passing through certain filters.
Penguen is the indicator of an algorithm that works very efficiently in the horizontal market in a time interval of 5 minutes.
It has the ability to generate more signals in the horizontal market than the trend market.
Although the profit rates are low, it can fix the deficiency with the number of transactions opened.
Profit rates and stop loss rates vary according to the trend, they are not fixed. The Trailing Stop Loss and Stop Loss levels changes with each new candle after the trade is opened.
Penguen maximizes profit with trailing stop after standard TP.
Roe / SL% ratio is the trailing stop rate of the difference between the standard profit price and the maximum price. With this ratio, you can set how much the max earnings fall towards the standard earnings , and then you can close the positions
NOTICE: By requesting access to this script you acknowledge that you have read and understand that this is for research purposes only and neither I any financial losses you may incur by using this script
Penguen is the indicator of an algorithm that works very efficiently in the horizontal market in a time interval of 5 minutes.
It has the ability to generate more signals in the horizontal market than the trend market.
Although the profit rates are low, it can fix the deficiency with the number of transactions opened.
Profit rates and stop loss rates vary according to the trend, they are not fixed. The Trailing Stop Loss and Stop Loss levels changes with each new candle after the trade is opened.
Penguen maximizes profit with trailing stop after standard TP.
Roe / SL% ratio is the trailing stop rate of the difference between the standard profit price and the maximum price. With this ratio, you can set how much the max earnings fall towards the standard earnings , and then you can close the positions
NOTICE: By requesting access to this script you acknowledge that you have read and understand that this is for research purposes only and neither I any financial losses you may incur by using this script
- Anyone interested in this script can contact me via private message to access the indicator
Release Notes:
Long and Short zone backgrounds colored.