Trade the Hour

This is a No-Repaint indicator created for Binary Options, but can also be used for Forex trading.

Trade The Hour detects a strong trend. After that, it outputs a signal in trend direction.

The indicator is designed for H1 but can also be used with other timeframes.

The optimal timeframe depends on a currency pair and preferred trading time.

We recommend M30 or H1 timeframe.

Parameters

• Timeframe: use another Timeframe for calculation the signals
• Expiry: Expiry of trades for WIN/Lost calculation. 0 – current timeframe.
• Signal: "immediately" = current bar, "only at new bar" = signal at new bar.
• next arrow in the same direction after XXX bars: wait XXX bars for a new signal in the same direction
• Trend_Indi: Default 14, first indicator parameter.
• Trend_Breaker: Default 6, second indicator parameter.
• Follow Trade if Lost: Simulate 0-5 follow trades, if the trade before is Lost.
• Allow alert, Mail, Notification, Sound: 'true' – if there is a signal, an alert and/or a message is displayed.

• View Forex News: TRUE - show news in the chart
• Minutes before/after News: minutes before/after Forex News (default = current timeframe)
• consider Forex News for trading: Which news should be displayed
• TimeOffset Broker to Newssite: default = 0, indicator use GMT-time
• Typ of News in the Chart: show News as Event or as line
• View News text: FALSE - show description of the news

• View Results: TRUE - show results.
• Start Hour: Start hour for results.
• Stop Hour: Stop hour for results.

Note

In order to be able to view the Forex News you have to read the Forex News with the script Read Forex News Archive (free).