The Ershov 38 Parrots MT5 is an advanced Forex software designed to optimize market position closure. Its primary function is to ensure timely exits from trades, particularly when the market seems to be turning around, even before the price reaches the TakeProfit mark. Unlike many other indicators, this tool focuses on market momentum rather than the trend, providing no insights into the trend’s direction.
Unique Features and Advantages
Ershov 38 Parrots MT5 stands out with its dynamic adaptation to market changes. It excels at identifying medium to high amplitude price movement impulses, while ignoring minor price jumps that may lead to false signals. This distinguishing feature sets it apart from conventional oscillators, which generally struggle with dynamic overbought and oversold levels.
Alerts and Warnings
One of the most valuable features of the Ershov 38 Parrots MT5 is its alert system. It provides timely warnings about several crucial situations. For example, it alerts when it’s too late to enter the market, when an open deal should continue for a while longer, when an open deal should be closed immediately, or when a potential trade should be avoided due to high reversal risks.
Usage Guidelines
Regardless of your trading strategies, Ershov 38 Parrots MT5 can potentially improve your trading outcomes. For instance, if you trade according to the trend, this indicator is useful when its line is between the DW and UP levels. Moreover, the software advises against new purchases or sales when the 38 Parrots line is greater than UP or less than DW, indicating that growth or fall is likely to halt soon.
Additionally, this tool sends signals about the need to close positions. If you have opened purchases and observe that 38 Parrots > UP, it indicates that you may need to close the position soon. Similarly, if sales were opened and you notice 38 Parrots < DW, it's a signal that the position should be closed soon. These alerts are particularly effective in ensuring timely exit from positions.
Performance and Effectiveness
While the Ershov 38 Parrots MT5 indicator has shown a high probability of success in exit timing, it’s important to remember that no indicator can provide absolute guarantees. However, its unique approach to analyzing market momentum and dynamic overbought and oversold levels makes it a valuable addition to many Forex trading strategies.
FAQ
Is Ershov 38 Parrots MT5 suitable for all trading strategies? – Yes, it adapts dynamically to market changes and can be integrated into any trading system.
Does the indicator provide trend information? – No, it focuses on market momentum and does not offer insights into the trend’s direction.
Can I see independent testing results? – Yes, you can find independent testing of this product on the forexroboteasy.com website.
You are invited to share your experience of using the Ershov 38 Parrots MT5 in the comments section below. Remember, this article is an independent product review and does not endorse or promote any specific product.
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