PIPFINITE CLUSTER HELIX

A combination of trend, pullback, range breakouts and statistics in one indicator

Mainly functions as an Entry indicator. Works in any pair and timeframe.

Suggested Combination

Cluster Helix with Strength Meter 

• Strategy: Confirm signals with ideal strength levels

Features

• Detects range breakouts on pullback zones in the direction of the trend
• Analyzes statistics of maximum profits and calculates possible targets for the next signal
• Flexible tool, can be used in many ways to improve a trading system
• StopLoss Levels
  • Option 1: Range Levels
    • Below blue range box for buy signal
    • Above red box for sell signal
  • Option 2: Statistical Data
    • Buy Average Value for buy signal
    • Sell Average Value for sell signal
  • Option 3: Higher Value
    • Compare Option 1 and Option 2, Select the Higher Value
• TakeProfit Levels
  • Option 1: Standard TakeProfit
    • Buy Average Value for buy signal
    • Sell Average Value for sell signal
  • Option 2: Quick TakeProfit for Scalping
    • Minimum Average Value
• Avoid late range breakouts
  • RSI value below 70 for busy signals
  • RSI value above 30 for sell signals
• Avoid trend weakness 
  • Only take the first 3 consecutive signals in the direction of the trend
  • It is best to avoid the 4th signal and wait for the pullback zone to change color or reset
• Exit Strategy
  • Exit will depend on traders discretion according to his/her strategy
    • Support/Resistance Areas
    • Reversal signals from price action patterns
  • We can use Exit Scope as alternate exit strategy
• Supporting Tool
  • Ideally combined with price action trading
  • Increase probabilities by combining to Strength Meter
  • Avoid false signals by combining to Volume Critical
    • Avoid buy signals if Volume Critical is Overbought
    • Avoid sell signals if Volume Critical is Oversold
• Never repaints
• Never back paints
• Never recalculates
• Signals strictly on the "Close of the bar"
• Compatible with Expert Advisor development

Day Trading Strategy (M15)

Buy Setup

• H4 Timeframe shows bullish pullback zone (green zone). Go to M15 timeframe for entries
• M15 Buy Signal
• Strength Meter Bullish Level 1 to Level 3 only (Use Period = 20 for settings)
• RSI is below 70
• Set your StopLoss
  • Option 1: Above the blue range box
  • Option 2: Buy Average value
  • Option 3: Select the higher value from Option 1 and 2
• Set your TakeProfit
  • Option 1: Use average Buy Average value
  • Option 2: For scalping, use Min Average value

Sell Setup

• H4 Timeframe shows bearish pullback zone (red zone). Go to M15 timeframe for entries
• M15 Sell Signal
• Strength Meter Bearish Level 1 or Level 3 only (Use Period = 20 for settings)
• RSI above 30
• Set your StopLoss
  • Option 1: Below the red range box
  • Option 2: Sell Average value
  • Option 3: Select the higher value from Option 1 and 2
• Set your TakeProfit
  • Option 1: Use average Sell Average value
  • Option 2: For scalping, use Min Average value

Scalping Strategy (M5)

Same as Day Trading Strategy but

• H1 as Higher Timeframe
• M5 as Entry Timeframe
• Strength Meter Period = 14 for settings

Swing Strategy (H1)

Same as Day Trading Strategy but

• D1 as Higher Timeframe
• H1 as Entry Timeframe
• Strength Meter Period = 7 for settings

Additional Guidelines

• Trade only London and US session for best breakout volatility
• Avoid signals 30 mins before and after major news releases
• Skip the 4th and succeeding signals. Wait for a reset to avoid trend weakness