Have you
ever close orders, just because one or two candles moved against your position
and you lose confidence in it? Probably, yes. Prices on forex will never move
straight down or straight up. There is always a market noise which distracts
and disorients of traders, especially beginners. Filter out market noise and
allowed to remain in the position as long as possible is intended to accurate
Forex indicator called Ozymandias. About him we discuss in this
article.
Characteristics
of Ozymandias Indicator
- Platform: Metatrader4
- Currency pairs: All pairs
- Trading Time: Around the clock
- Timeframe: Any
Ozymandias
indicator keeps track of market trends with absolute reliability, ignoring the
sharp fluctuations and market noise.
- Amazingly
easy to use in trade
- Finds
moments overbought / oversold
- Gives you
the opportunity to always safely to trade without market impact noise
- Allows you
to avoid sharp turns on intraday charts
Ozymandias
Indicator suitable for trade in small timeframes, because it ignores the sudden
price spikes or correction of the price movement by lowering market noise
around the mean of price. Boost your trading activity and be stable in a time
when everything remains shaky.
The
principle of operation of the Ozymandias indicator
Ozymandias Indicator
displays a colored line surrounding the price range. Colored line represents
the average of price of a currency pair, and the price band displays overbought
/ oversold. If the average of prices of the blue, you should look for entry
points for opening long positions when the market is not overbought, and if the
average price of red, you should look for an entry point to open short
positions when the market is oversold.
Changing of
trend in the indicator is not a signal for immediate entry into the market! The
bands are used to select the time for input.
Example
strategies
There are
many strategies that can be developed using the Ozymandias indicator.
The simplest of them (reversal the system) is used only when the closing price
is the average price breaks or bands that allows to avoid entry into the market
during the sudden emergence of non-market quotations or correction at
sharp movements in the market.
The rules
can be summarized as follows. Need to buy in an uptrend when the price reaches
the average value or oversold and sell in a downtrend when price reaches the
average value or overbought. With this simple strategy, you can minimize your
losses when the market is in a flat or is unstable.
However, you
can create your own trading strategies, most importantly ensure that trade
takes place within bands or near to the average price. Almost any indicator may
be useful in conjunction with the indicator Ozymandias without changing the
amplitude, while the basic price movement is isolated from the market noise.
Indicator
Ozymandias not let you down. Before working on the real market, test it,
please, on the demo, to make sure that it gives the right signals to enter the
market.
Indicator
has only one option for setting - amplitude. The values are set from 1 to 4.
ozymandias .rar
