- 1 For which Currency Pairs is the Indicator Suitable?
- 2 Which Time Frame is Better for the AOTI Indicator?
- 3 How to Download the Historical Data for the Indicator?
- 4 At what Time does the AOTI Indicator Determine the Daily Levels?
- 5 What is GMT Offset?
- 6 What about Breakeven?
- 7 What Additional Features are in the Indicator, and How Can They Help Us?
In this article, we will learn the answers to the most common questions about the All-in-One Trade Indicator (AOTI).
Which time frame is better, for which currency pairs are the indicator suitable, what is GMT Offset? Let’s find out the answers to these and other questions right now.
Product Name: All-in-One Trade Indicator (AOTI)
Current Version: v5.8
Currency Pairs: EURUSD, EURJPY, GBPUSD, USDCHF, EURGBP, EURCAD, EURAUD, AUDJPY, GBPAUD, GBPCAD, GBPCHF, and GBPJPY for the Daily Levels detection / For other features: Any pairs
Time Frame: Any (depending on your trading strategy)
Recommended Time Frame: M5
For which Currency Pairs is the Indicator Suitable?
The main purpose of the All-in-One Trade Indicator (AOTI) is determining the daily levels for EURUSD, EURJPY, GBPUSD, USDCHF, EURGBP, EURCAD, EURAUD, AUDJPY, GBPAUD, GBPCAD, GBPCHF, and GBPJPY (instead 5 pairs in v4.4). All other modules work on any instruments.
Which Time Frame is Better for the AOTI Indicator?
The AOTI indicator, initially, was created for the M5 time frame. This timeframe makes even insignificant price movements are visible, which is very important for me. And I recommend using this timeframe for trading.
But you can use any time frame for your strategy. The only limitation is that the time frame must be lower than H4 to display the daily levels correctly since the levels are getting too small on the higher time frames.
All other features (Reversal Arrows, Support/Resistance Micro-Levels, Double Channel Trend Direction, Price Channel, MA Bands, Fibo Auto Calculation, Average Statistical Profit, Climax Bars Detection, etc.) work at any time frames.
How to Download the Historical Data for the Indicator?
Additional Info: AOTI First Start and Loading Additional Historical Data
At what Time does the AOTI Indicator Determine the Daily Levels?
If the GMT Offset of your broker is +3, then the levels will start at 02:00 terminal time.
What is GMT Offset?
Additional Info: How to Set Correct GMT Offset
What about Breakeven?
To BE (BreakEven) or Not To BE (BreakEven)?
It seems that this is a simple question – of course, To Be. )
But it is not so simple. And the answer to this question can be different in different situations. Breakeven helps us to fix the minimum profit if the price for some reason went against us.
Often this is the right solution. But if you set breakeven guided only by the desire to reduce the risk, it is not a good idea.
In which case is it not a good idea to move the stop to breakeven? It is not very good to set a breakeven on principle: if the price has passed 10 pips to profit, we move the Stop Loss level to the Level = Open Price + 1 pips (when Buying). Why is this not very good? Because the number of 10 points doesn't really matter for the price. It's not based on anything. There is only a trader's desire to secure their position.
Breakeven should always be based on a strong level, as well as profit trailing.
- For example, we opened the position at the moment of the daytime levels appearing
- When the price has reached the Breakeven level, we can move our Stop Loss level to Open Price level + 1 pips
- If the price goes against us, we will get a minimum profit of +1 pips. But it’s better than a loss
- We can also move the Stop Level to strong levels when the price rises above
You can use the fractals indicator to determine the levels to transfer the stops if you are a novice trader. To do this, we can use fractal with a larger shoulder, not with a standard value of 5, to filter out market noise.
What Additional Features are in the Indicator, and How Can They Help Us?
Previously, we have talked many times about the simplest levels strategy.
This method is the simplest, but it has its negative sides. We do not use additional analysis, and we do not use other indicator signals, we do not use all the indicator features. What else is useful in the indicator, and how can it help us?
One picture, instead of 1000 words:
But the indicator does not trade itself. The indicator shows important levels and signals. But eventually, we make the final decision. It requires experience and practice but gives us joy from positive results.
We can use Arrows and Support/Resistance micro-levels for scalping. Price a few times touches for specific levels. These levels are strong, and they allow us to fix the profit.
Another example – EURCAD. Example simplified, without any analysis of news and other things.
The Support/Resistance Micro-Levels – shows a slowdown in the current price movement and a possible level of profit-taking.
The Arrows – is a reversal signal.
Fibo Levels feature. Shows potential rollback levels and the ability to open additional positions.
Read more about the indicator features in the articles on the blog.
That's all for today.
Product Name: All-in-One Trade Indicator (AOTI)