Features
Advanced trend detection software using complex algorithms that can be used as the supporting tool or system.
- Unique trend detection that avoids whipsaws and uncertain market noise
- 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
- Trend Filter
- Additional filter for existing systems
- Use Period = 4 to 10
- Entry Point
- Entering a trade from a confirmed system
- Use Period = 2 to 3
- Exit Strategy
- Exit will depend on traders discretion according to his/her strategy
- Support/Resistance Areas
- Reversal signals from price action patterns
- Statistical data
- Exit trades once profit reaches the “Average Profit”
- Partially close trades when profit reaches the “Minimum Move”
- We can use Exit Scope as alternate exit strategy
- Exit will depend on traders discretion according to his/her strategy
- Multi Timeframe
- Higher and lower timeframe directions are the same:
- Buy trend laser signals on H1 if H4 is uptrend
- Sell trend laser signals on M15 if H1 is downtrend
- Higher and lower timeframe directions are the same:
- Color schemes for light and dark charts
- Never repaints
- Never backpaints
- Never recalculates
- Signals strictly on the “Close of the bar”
- Compatible with Expert Advisor development
Video References
Please Watch in High-Definition to further understand
- Average Profit Explained (Click Here)
- How to Use Success Rate Filter (Click Here)
- How to Use as Trend Filter (Click Here)
- How to Use as Entry Signal (Click Here)
- Multi Timeframe Approach (Click Here)
Statistics
- Overall Trades – The total number of past signals.
- Profitable Trades – The total number of past profitable signals. It is counted by a signal that turned into profit at some point and does not include exit strategy
- Success Rate – Percentage(%) of past profitable signals. An important filter to scan better performing instruments
- Best Profit – Is the highest max profit recorded
- Average Profit – Value that predicts the possible max profit of next signal
- Minimum Move – Average of past signals lower than the average profit value. Can be used as Minimum TakeProfit or Exit target for scalping
Application
If we have 4 Past Signals
- Signal 1 made 5Pips Max Profit
- Signal 2 made 20Pips Max Profit
- Signal 3 made 8Pips Max Profit
- Signal 4 made 15Pips Max Profit
Average Profit = (Signal 1 + Signal 2 + Signal 3 + Signal 4)/4 = (5+20+8+15)/4 = 12Pips
- Signal 5 is expected to reach 12Pips Maximum
- Average Profit Value can be used Takeprofit or Exit Strategy Value.
Success Rate – Can be used to locate better trending markets
- Example 1
- If a pair has Success Rate Lower than 85%. We can skip trading this pair and look for other pairs with higher success rate
- Example 2
- EURUSD H1 Success Rate is 86% while AUDUSD H1 Success Rate is 92%. A wise decision is to pick AUDUSD signals
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