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Suggestion Chaos Visual Averages (Haos Visual Averages) Indicators for MT4 – Non-Repainting Forex Indicators

4.00 star(s) 1 Vote

rashidsiddique03

Active Member
ip: A simple and winning system using Chaos can be made by marking Weekly and Daily Support and Resistance lines and counter-trend trading the approaching bounces off those support and resistance lines using the Overbought Extreme and Oversold Extreme signals of the 15 minute Chaos.

Pros:

  • Uncanny accuracy in detecting reversals.
  • Visually pleasing and easy to see market conditions.
  • Can be used as a trend trading indicator or a counter-trend trading indicator.
  • Strong back-testing results (almost 95% accuracy on “Extreme” signals).
  • An “all-in-one” indicator which can be used to trade for a living.
Cons:

  • Even with Overbought “Extreme” and Oversold “Extreme” conditions the indicator can sometimes cause you to trade in the reverse direction of a very strong trend causing large drawdowns before price eventually reverses.
  • Overbought “Extreme” and Oversold “Extreme” signals can be few and far between when trading on the 15 minute timeframe and higher. To counter this it’s recommended to trade at least 8 Major pairs to receive “Extreme” signals often.
 

Attachments

  • Chaos-Visual-averages-1.43-1.zip
    250.9 KB · Views: 48
I like the fact that you stated pros and cons frankly. Great job. What has been the overall profitability of the indicator?
 

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