Bear Naked Pattern indicator identifies and accurately points buy and sell signals based on CCI and MA crossovers. The indicators work best on minutely time-frames, In particular, on 15-minute chart of GBPUSD major currency pair. Other time-frames and pairs are possible, however, experimentation and parameter adjustment will be necessary to achieve the best results.
Most of the parameters will require adjustment for different pairs and time-frames to achieve the best results. Therefore, the alterations are “trial and error” based.
The following is default presents:
- CCI_Periodo = 21;
- NivelCCI_Min = -80;
- NivelCCI_Max = 80;
- MMPeriodo = 14; Also try 20.
- BB_Period = 21;
- BB_Desvio =2;
- PIP_DesvioMAX = 0.0010;
- Deviation of the prices and the Bollinger Band’s high. PIP_Oscilacao = 0.0015;
- Oscillation of the price. CCI_Setup2; CCISetup2Desc;
- FuraBollinger; Change of price crossing of either tom or bottom-line line of the Bollinger Band.
- NivelCCI_MIN_Stp2 = -60;
- NivelCCI_MAX_Stp2 = 60;
- NivelMM_MIN_Stp2 = 80;
- NivelMM_MAX_Stp2 = 80;
How to trade with Bear Naked Pattern
How to install your indicator on MT4 platform:
1. Click on Download button below;
2. Save the file to your computer;
3. Move the .mt4 file into the following folder : meta traderexpertsindicators;
4. Restart your Metatrader platform;
5. Click the “Indicators” button in Metatrader toolbar;
6. Select “Custom”;
7. Search and select “BearNakedPattern1_2”;
8. Adjust settings or press OK to add the indicator to your selected chart;
Note: BearNakedPattern1_2 indicator was created by Daniel Vieira Costa and sent to us by an AtoZ Markets follower from Poland, Wojciech. AtoZ Markets does not carry any copyrights over this trading tool.
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