- July 25, 2024
- Posted by: Forex Wiki Team
- Category: Forex Trading System
Introduction Triangulum Targeter Indicator
The Triangulum Targeter Indicator is an innovative tool designed for forex traders aiming to accurately determine the levels of potential trend reversals and profit-taking points. Developed based on W.D. Gann's principles and enhanced by Kirill Borovsky's algorithm, this indicator boasts high reliability, with Borovsky claiming an 80-90% accuracy in reaching targeted levels. This article provides a comprehensive review of the Triangulum Targeter Indicator, examining its features, advantages, and disadvantages.
Technical Specifications
Version: 2.2
Year of issue: 2024
Working pairs: ANY
Recommended timeframe: ANY
Minimum Deposit: $100
Average of account: 1:30 To 1:1000
Best Brokers List
Triangulum Targeter Indicator works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Triangulum Targeter Indicator Settings
Key Features
Versatility Across Instruments and Timeframes
- Applicable to Multiple Markets: Forex, metals, commodities, stocks, and cryptocurrencies.
- Timeframe Compatibility: Works on any timeframe, providing flexibility for different trading strategies.
Accurate Level Determination
- Trend End and Profit Fixing: Precisely identifies the end of trends and optimal profit-taking levels.
- Gann Principles: Utilizes W.D. Gann's methodologies, enhanced by Borovsky's algorithm.
User-Friendly Interface
- Multiple Triangles: Plot any number of triangles on the chart.
- Persistent Constructions: Constructions remain on the chart when switching timeframes.
- Early Signals: Provides real-time and historical signals without repainting.
Notification System
- Achievement Notifications: Alerts for Preliminary Target, 1st, and 2nd zones via text, sound, email, and push notifications.
Customizable Parameters
- Entry Signal Settings: Configure early signals for trade entries.
- Triangle Settings: Adjust the appearance and size of triangles.
- Interface Customization: Modify the size, color, and location of interface buttons.
Triangulum Targeter Indicator In Action
How It Works
Building Triangles
- Point Identification: Use a zigzag indicator to find points for triangle vertices, ensuring they are clearly visible.
- Impulse and Correction Triangles: Determine impulse and correction targets by identifying the end of corrections and impulses, respectively.
Real-Time Application
- Preliminary Building: Build triangles when preliminary points are identified.
- Signal Confirmation: Confirm point 3 and begin triangle construction towards targets when an arrow signal appears.
Practical Tips
- Build Multiple Triangles: Analyze different timeframes and both impulse and correction triangles for a comprehensive view.
- Understand Target Zones: Recognize that targets may not always lead to reversals but can indicate trend slowdowns or continuations.
- Practice Makes Perfect: Regularly mark up historical and real-time charts to gain proficiency in building and interpreting triangles.
Advantages
High Accuracy
- Reliability: Claims of 80-90% accuracy in reaching levels provide traders with confidence in their trades.
Enhanced Analysis
- Comprehensive View: Allows for the analysis of multiple timeframes and target levels, enhancing market understanding.
- Notification System: Keeps traders informed of key events, aiding timely decision-making.
Customization and Flexibility
- User-Friendly Interface: Easy to use with customizable settings.
- Versatility: Applicable across various instruments and timeframes.
Disadvantages
Complexity
- Learning Curve: Requires practice and understanding to use effectively.
- Manual Construction: The need for manual triangle building can be time-consuming and may not appeal to those seeking automated solutions.
Limited Automation
- No Automatic Construction: The indicator does not automatically build triangles, which can be seen as a drawback for traders preferring automated tools.
Dependency on Other Indicators
- Additional Analysis Needed: To avoid false signals, it is recommended to use this indicator in conjunction with others and analyze higher timeframes.
Conclusion
The Triangulum Targeter Indicator is a powerful tool for forex traders looking to accurately determine trend reversals and profit-taking points. With its high accuracy, user-friendly interface, and comprehensive features, it stands out as an essential addition to any trading strategy. However, its complexity and lack of automation may be challenging for some users. Overall, with practice and additional analysis, the Triangulum Targeter Indicator can significantly enhance trading decisions and outcomes.
Download Triangulum Targeter Indicator
Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex ea works before using it on a live account.
