The Perforator is an indicator based of the breakout of Bill Williams Fractals. It is designed for trading pending orders. It displays the points to place the pending buy and sell orders and where to set the take profit and stop loss. If the price passes enough points into profit, it is recommended to move the stop loss to breakeven. If an order does not trigger in 2-3 days, it is better to delete it and wait for a new signal.

Features

• Almost no settings, it is very easy to use.

Requirements

• Timeframe: M5-H4.
• Currency pairs: EURUSD, GBPUSD, NZDUSD, AUDUSD, USDCHF, USDCAD, EURGBP.
• Not recommended to trade on Fridays and also before the release of high-impact news.

Settings

• Filter AO Buy - Awesome Oscillator filter (should be positive). The closer to zero, the greater the number of false signals.
• Filter AO Sell - Awesome Oscillator filter (should be negative). The closer to zero, the greater the number of false signals.
• alert - enable/disable pop-up messages.
• metaQuotes Messages - enable/disable push notifications via the metaQuotes service.
• Mail Messages - enable/disable sending email messages.
• Sound On/Off - enable/disable audio alert when a signal appears.
• Sound File Name - sound file name. *.wav file should be placed to <MT4_Install_Folder>/Sounds.