Round Levels and EW Trade System

This is an indicator of "round levels" with a trading system module based on market scenarios near psychologically significant "market prices". Visualizing the SL/TP levels and modeling deals when they interact with OHLC prices, the module collects statistics for the specified period and plots the "profitability curve" on its basis, which allows controlling the expected profitability of trading signals.

Trading system

The algorithm is based on the trading system The Elementary, Watson! (EW) for GBPUSD H1, developed by Yuri Lozgovtsev, lecturer at International Academy of Investments and Trading. The rules of the system are based on 3 typical market scenarios: Rebound, Breakout, Pullback (screenshot #1).

Notation:

• System - trading system.
• Price - Close price of the period/bar.
• Level - "round level".
• Order - pending order.
• Position - open position.

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