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Diamond Price Action - high accuracy of signals

Published: 04.10.2019
15
5881

Diamond Price Action is an indicator whose signals reach 80-90% accuracy and are not repainted or late. Signals appear at the opening of a new candle and calculate 3 levels of targets, which greatly facilitates trading.

Characteristics of the Diamond Price Action

  • Platform: Metatrader4
  • Currency pairs: All Pairs, Indexes, Stocks and Metals
  • Trading Time: Around the clock
  • Timeframe: All Timeframes, recommended scalping M5, M15 and 1H Timeframes
  • Recommended broker: Alpari, Forex4youRoboForex

How it works and rules of trade

As I understand from the description of the principle of the indicator - it finds the 6 best Price Action Patterns (Rising Star, Fallen Star, Light in Clouds, Dark Veil, Three White Soldiers, Three Black Crows). When these patterns are found, the indicator gives Buy or Sell signal. At the same time, the indicator calculates the 3 most relevant profit targets and gives an sound signal.

When trading the Diamond Price Action indicator, you only need to follow the signals, open a position and set your Take Profit at one of the specified levels. I recommend - Minimum or Medium Profit. Maximum Profit - for more risky and aggressive trading. You can also use Trailing Stop.

diamond-price-action-buy-sell

diamond-price-action-signals

Stop Loss should be set based on the formula:

Stop Loss = Medium Profit

Profit Targets is calculated according to pattern, it has Multiply Ratio, that also can be ajustable in system inputs, for example to make system more agressive.

Of the indicator settings, only changes in the visualization of some elements (color, size), the assignment of level sizes for Profit Targets, and the on / off alerts are available (Pop Up Alert, Mail and Mobile Notification):

diamond-price-action-inputs

A bonus supplement to this indicator is the Eliott + Fibo indicator, which is a combination of Elliot Waves and Fibonacci Levels. Perhaps some of you will find it useful in trading. This indicator is essentially a ready-made trading system. How to use it you will find a quick guide in the archive. Just an extra nice bonus:

eliott-fibo-indicator

Of course, Diamond Price Action Buy Sell Signals Indicator deserves your attention, but do not rush to use it in real trading without training on a demo account. Additional filters will not be superfluous either.

In the archive Diamond_Price_Action_and_bonus.rar (271.0 kB):

  • Diamond_Price_Action_Signals Indicator.ex4
  • Eliott+fibo indicator.ex4
  • Elliott waves and fibbonacci levels instruction.txt

Free Download Diamond Price Action

Author:
Daniel
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Comments:
  • olawale
    Published: 04.10.2019 Reply to the message

    thanks for this! *IN LOVE*

  • Kannan
    Published: 05.10.2019 Reply to the message

    i download your Diamond Price Action Indicator and installed in mt4. It does not work and its not ex4 file its rar file. Kindly advice how do download and install the same.

    regards

    • Daniel
      Published: 05.10.2019 Reply to the message

      Then you began early to use MT4. First you need to master WinRAR.

    • Jokr
      Published: 05.10.2019 Reply to the message

      You have to extract the .rar file. All ex4 files are in there...

    • Shaheeer
      Published: 05.10.2019 Reply to the message

      *CRAZY* *CRAZY* *CRAZY*

    • Pit
      Published: 08.10.2019 Reply to the message

      %) Extract file with a free rar program and the ex4. File at Indicators under the MQL4 folder of your Metatrader file. Finished *DANCE* .
      The best thing is to read the instruction manual of the Metatrader software before you trade in the markets. And read at least one book about markets before you start trading *BRAVO* *BRAVO* *BRAVO* .

  • Andre Nilson
    Published: 07.10.2019 Reply to the message

    Is it possible to change the tp to 20 pips and tp2 to 50 and how do i make that it shows all possible signals? Its only showing me like the last day

    • Pit
      Published: 08.10.2019 Reply to the message

      There is only one way: Find the programmer of the Indicator and ask him to give you the original mql4 file *ROSE* . If you have the mql4 file can you rewrite the program code. You can program in the programming language mql4 *MACHO* ? The ex4. Code is encrypted you must have the original mql4 file to rewrite the program.
      That's the only way you can change that *UNKNOWN* .

  • Christian Pulids
    Published: 10.10.2019 Reply to the message

    I have a hard time understanding the elliot+fibo, can someone explain it to me furthermore, please? Thank you and God bless.

    • pres
      Published: 28.10.2019 Reply to the message

      your not alone

  • malek
    Published: 12.10.2019 Reply to the message

    indicator is sooo laggy, you need to drag it to the chart everytime you change timeframe and its not updating or showing all the bars

  • Isaac
    Published: 13.10.2019 Reply to the message

    hey, elliot + fibo is a great indicator, 9/10 wins everyday, and its guranteed. love it daniel
    its working wonders

    • pres
      Published: 28.10.2019 Reply to the message

      isaac, how are you taking you trades and what time frame?

  • Van Der Merwe Chris
    Published: 14.10.2019 Reply to the message

    Hi, the download link for this indicator seems to have been blocked. Please would some kind soul share with me your Zip. Folder for this indicator. It would be much appreciated. Thanks

  • Isaac
    Published: 29.10.2019 Reply to the message

    my timeframe is 15 min chart, and trade time is 2, while for longer trades i use 30 minutes time frame and 4 hours trade time. All this is for binary trading. Entry is end of wave 2 and end of wave 4. thats it Pres!

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