Vulkan Profit Indicator uses moving average crossovers of various parameters and patterns in the background, signals the trend, and the market entry points with simple arrows at the main chart window.
Basically, it kicks back all the trend analyzing hassles of its users and keeps the traders quite relax while trading the Forex market within the trend direction.
This indicator works great for scalping and intraday trading purposes because it suits best with M15 and H1 timeframe charts. Furthermore, you’ll be able to apply it to trade any currency pairs available at the forex trading market.
Vulkan Profit Indicator Overview
After you install the Indicator on your forex MT4 terminal, your trading chart will appear like the following image:
Vulkan Profit Indicator applies Weighted Moving Average (WMA), Linear Weighted Moving Average (LWMA), Exponential Moving Average (EMA) of various parameters to find the best possible moving average based crossover signals for the traders.
A blue upward arrow below the price bar signals the buy entry along with the bullish trend. Diversely, a red downward arrow above the price bar indicates the sell entry with the confirmation of the upcoming bearish trend of the market.
For trade exit, you should target the profit at least twice of your budgeted loss for the respective entry.
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Vulkan Profit Indicator: Buy Parameters
- A bullish bar forms near the current swing low of the market
- Vulkan Profit Indicator plots the blue colored upward arrow below the respective bullish bar
- Buy triggers immediately after the above conditions are met
- Set stop loss below the current swing low of the market
- Exit long/take profit once your trade hits the 1:2 risk to reward ratio
Vulkan Profit Indicator: Sell Parameters
- A bearish bar forms near the current swing high of the market
- Vulkan Profit Indicator plots the red colored upward arrow above the respective bearish bar
- Sell triggers immediately after the above conditions are met
- Set stop loss above the current swing high of the market
- Exit short/take profit once your trade hits the 1:2 risk to reward ratio
Looks interesting, have to ask the dreaded question though….DOES IT REPAINT???
No it does not repaint!
Thanks for the reply, if it does not repaint it looks very promising. Can you confirm it does not back paint, so the signal happens on the current candle right? Not after a few candles so it gives you a late entry?
So far as i’m concerned it does not repaint. Thank you!
Hello,
From my understanding this indicator uses a crossover of several types moving averages, correct?
Can you share with us the configuration of those MAs?
I think this indicator has some interesting potential and I would like to do a simple EA around it and forward test it in a demo 🙂
As I am not the owner of this, I do not have the configuration.
Thank you for the answer.
After digging around found the MAs config on the indicator itself…
But there’s something more in the calculations.
Just to let everyone know, this indicator does repaint.
repaint
Thanks i already checked in my real acc at binary option iq for five minutes its impressive results very friendly indicator and following trend. trend is your’e friend. if market update then how could possible to update this indicator once? or when new update is coming for original vulkan profit. am waiting…..
This indicator Vulkan repaints. Been using it since the week began, but its full of repainting its signals. It gives you signals but when trend changes in the 2/3 candles, it removes its arrow.
it doesn’t repaint , i already tested it and backtest.
REPAINT OR NON REPAINT?
I would say this signal does “repaint”. If you get a signal and price moves in the opposite direction. Remove the indicator from the chart then reapply it. The signal may not be in the same position or there at all.
That is not repainting, that is backpainting.
It does not repaint, but it does backpaint.
Sos medio bobo, decidite si se repinta o no,”No se vuelve a pintar,pero se vuelve a pintar”.
do u have update for vulkan profit ?
because for now i see in mt4 m5 , i look for delay no live …
maybe 1candle closing , vulkan give signal …
surely repaints