StalkeR Arrow indicator

StalkeR Arrow is a powerful non-repainting MT4 indicator that provides clear buy and sell signals based on price action patterns and fractals. It automatically displays take profit and stop loss levels as visual lines on your chart and includes a comprehensive backtesting panel to evaluate past performance. With customizable settings and compatibility across all timeframes and assets, it offers a complete solution for traders seeking reliable entry and exit points.

Overview

StalkeR Arrow is an innovative technical indicator developed by Abdulkarim Karazon. This arrow-based indicator identifies potential trading opportunities by placing directional arrows on your chart at the opening of bars or even within bars. What makes this indicator particularly valuable is its ability to not only signal entry points but also automatically calculate and display recommended take profit and stop loss levels for each trade. The indicator is designed with user-friendliness, making it accessible for traders of various experience levels who want clear visual cues for their trading decisions.

How it Works

The StalkeR Arrow operates by analyzing price action patterns and fractals to determine potential entry points for trades. When the indicator identifies a valid trading opportunity, it places an arrow on the chart – pointing up for buy signals and down for sell signals. For each signal, the indicator automatically generates take profit (TP) and stop loss (SL) levels, displayed as horizontal lines above and below the signal point. These TP and SL lines remain visible on your chart until a new signal appears, providing continuous visual guidance for managing your open positions.

Additionally, StalkeR Arrow comes equipped with a backtesting panel that displays win/loss statistics for historical signals. This feature allows you to analyze the indicator’s past performance and understand its effectiveness under different market conditions. The indicator doesn’t repaint or backpaint, meaning that signals remain consistent after they appear, which is crucial for maintaining trust in the indicator’s recommendations.

Key Features

• Compatible with all timeframes: The indicator works effectively on any timeframe from M1 to Monthly charts
• Works with any trading instrument: Supports forex pairs, indices, commodities, or cryptocurrencies
• Non-repainting signals: The indicator does not repaint or backpaint, ensuring that signals remain reliable and consistent
• Customizable parameters: StalkeR Arrow allows for extensive customization through various settings:
  • StalkeR Period: Controls the frequency of signals (higher values produce fewer signals)
  • Spread adjustment: Uses spread value in points to calculate accurate wins and losses on the panel
  • Stoploss ATR multiplier: Adjusts stop loss distance based on market volatility using ATR
  • Takeprofit ATR multiplier: Adjusts take profit distance based on ATR calculations
  • ATR period: Determines the timeframe used for ATR calculations
  • Visual customization: Adjustable colors and widths for arrows and TP/SL lines
• Backtesting dashboard: A built-in panel displays performance statistics for historical signals, helping traders evaluate the indicator’s effectiveness over time
• Alerts system: Includes configurable alerts, email notifications, and mobile notifications to keep you informed of new signals in real-time

The download package of the product includes:

1. Indicators: StalkeR Arrow 7.8.ex4
2. Installation Guide from forex-hacked.com

Conclusion

StalkeR Arrow stands out as a valuable tool for traders seeking clear, visual guidance for their entry and exit points across any market and timeframe. Its non-repainting nature ensures reliability, while the automatic calculation of take profit and stop loss levels helps traders implement consistent risk management. The comprehensive backtesting panel provides valuable insights into historical performance, allowing traders to gauge the indicator’s potential effectiveness before applying it to live trading.

Contact me: trent@trentbaxter.com

After the payment the download button for this software will automatically appear in your personal account. All your downloads can be always accessed via this link: https://forex-hacked.com/my-account/

If you can’t find the link, email me at trent@trentbaxter.com and I will send it to you directly.