714# Profit Indicator
Trend or filter: OSMA modified
Submit by Carl 01/11/2016
Profit Indicator is an algorithm based on the OSMA, there are two ways to use this indficator: buy-sell trend following
or for to filter trend-momentum arrow.
Time frame 5 min or higher.
Profit Indicator trend following buy-sell
Profit indicator green line above zero
Profit indicator red line below zero
Exit position at the opposite signal or with predetermined profit target with ratio variable (range 1.3 – 2) stop loss. Place initial stop loss on the previous high/low swing.
In the pictures there three examples
Profit indicator as filter
Profit indicator line above moving average line= Buy area
Profit indicator line below moving average line= Sell area
I have tested profit indicator as filter with two indicators:
Mosca arrow and renko Maker an repaint indicator that can be profitable with experience. Test 1- 2 months on demo accounts to understand how this strategy should be managed.
This template above based on Profit Indicator can help you with binary option high/low.
Expiry time 3-4 candles.