PipFinite Trend Laser MT4 V8.0 no DLL

Description

The Pioneer Of Trend Detection!

Introducing a robust indicator designed to avoid whipsaws and filter out uncertain market noise, facilitating effective trading in the direction of the trend. This versatile tool is compatible with any currency pair or timeframe.

Key Features:

• Utilizes advanced trend detection software employing intricate algorithms, serving as a valuable supporting tool or system.
• Offers a unique trend detection mechanism that effectively sidesteps whipsaws and market noise.
• Analyzes maximum profit statistics and calculates potential targets for upcoming signals.
• Flexibility to enhance various trading systems, acting as a trend filter or an additional filter for existing systems.

Application:

• Trend Filter: Apply for trend direction with a recommended use period of 4 to 10.
• Entry Point: Confirm trades from established systems using a use period of 2 to 3.
• Exit Strategy: Left to the trader’s discretion based on their strategy.
• Support/Resistance Areas: Identifies reversal signals through price action patterns.
• Statistical Data: Exit trades based on achieving the “Average Profit” or partially close trades at the “Minimum Move.”
• Multi Timeframe: Aligns higher and lower timeframe directions, enhancing decision-making.
• Color Schemes: Compatible with both light and dark charts without repainting, backpainting, or recalculating.
• Signals generated strictly on the “Close of the bar,” making it suitable for Expert Advisor development.

For a comprehensive understanding, watch the following videos in High-Definition:

• 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: Total number of past signals.
• Profitable Trades: Signals that turned into profit at some point (excluding exit strategy).
• Success Rate: Percentage of past profitable signals, a crucial filter for identifying better-performing instruments.
• Best Profit: The highest recorded maximum profit.
• Average Profit: Predicts the potential maximum profit of the next signal.
• Minimum Move: Average of past signals lower than the average profit value, usable as Minimum TakeProfit or Exit target for scalping.

Application Example:

If we have 4 Past Signals:

• Signal 1: 5 Pips Max Profit
• Signal 2: 20 Pips Max Profit
• Signal 3: 8 Pips Max Profit
• Signal 4: 15 Pips Max Profit

Average Profit = (Signal 1 + Signal 2 + Signal 3 + Signal 4) / 4 = (5 + 20 + 8 + 15) / 4 = 12 Pips

Signal 5 is expected to reach a maximum of 12 Pips. The Average Profit value can be used as Takeprofit or Exit Strategy Value.

Success Rate can guide in selecting better trending markets. For example:

• If a pair has a Success Rate lower than 85%, consider skipping trading this pair and look for others with a higher success rate.
• EURUSD H1 Success Rate is 86%, while AUDUSD H1 Success Rate is 92%. It would be prudent to choose AUDUSD signals.