Summary of 🔍One Shot One Kill Indicator for MetaTrader 4/5 📥Download free - [TradingFinder]

The video presents the One Shot One Kill indicator designed for MetaTrader 4 and 5 platforms, available for free download on the TradingFinder website. This indicator is tailored for ICT-style traders who use the Vanad Bankle strategy, helping them identify precise buy and sell signals based on price chart analysis and market session timing.

Main Financial Strategies and Market Analyses:

• The indicator generates buy and sell signals by analyzing price movements primarily during the New York trading session, starting at 8:30 a.m.
• It identifies top and bottom levels within the price chart by examining price action from 8:30 a.m. to midnight, helping traders spot potential reversal points.
• Signals are issued when the price is at a trend top or bottom; otherwise, a simple point is displayed during the session.
• The methodology incorporates trend line breaks (CISD - Change in State of Delivery) as a confirmation step for potential trade entries.
• It uses a pullback to a strategic level combined with a Swing Failure Pattern (SFP), where the price breaks a strategic level but then closes below the CISD level, signaling a strong sell or buy opportunity.
• The indicator also factors in candle size filters to prioritize signals generated from large candles, which often coincide with significant economic news releases (e.g., at 8:30 a.m.), improving signal reliability.

Step-by-Step Methodology for Signal Identification:

1. New York Session Timeframe Analysis:
   - Start at 8:30 a.m., analyze price action until midnight to identify highest and lowest levels (top and bottom).
2. Top/Bottom Signal Identification:
   - If price is at a top or bottom, issue a buy/sell signal; if in the middle of a trend, display a point only.
3. CISD Confirmation:
   - Draw trend lines between last bearish and bullish candles; a break of this line confirms a change in trend state (CISD).
4. Pullback to Strategic Level:
   - Wait for the price to return to the strategic level after the trend change.
5. Swing Failure Pattern (SFP) Detection:
   - Look for a candle that breaks the strategic level but closes below the CISD level, confirming a valid trade entry signal.
6. Signal Issuance:
   - Upon SFP confirmation, a buy or sell signal is displayed for traders to act on.

Customization and Settings:

• Display Themes: Choose between dark, light, or alternate candle color templates.
• Session Time Adjustment: Modify the New York session start time using hhmm format.
• Days to Review: Adjust the number of days for top/bottom calculation to broaden or narrow the analysis window.
• Candle Size Filter: Enable to focus on large candles for higher credibility signals, especially useful during economic news times.
• GMT Offset: Adjust for time zone differences during backtesting to ensure accurate signal timing.

Business Trend:

• The indicator leverages session-based analysis and price action patterns to automate and simplify decision-making for traders using ICT and Vanad Bankle strategies.
• It highlights the importance of economic news timing and candle size in enhancing the reliability of trade signals.
• The tool supports customization for different trading styles and time zones, making it versatile for global traders.

Presenter/Source:

The tutorial is provided by TradingFinder, the developers of the One Shot One Kill indicator, with an instructional walkthrough of the indicator’s features, settings, and trading methodology.

Notable Quotes

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Category

Business and Finance

Video