Entry Points Pro - accurate indicator for MT4
Entry Points Pro is a universal and quite accurate indicator for MT4, which can be used for trading on currencies, crypto, metals, stocks and indices in a wide range of timeframes from M1 to D1. The indicator is characterised by the seller as an ideal tool with the best points for entering a trade, increasing the success rate of trades for 100% of traders. It is not repainted, but still there is a nuance in the formation of a trading signal (read below or watch the video), and also gives signals to enter a trade at any price movement: up, down or flat (sideways) - which looks a bit strange (I mean signals at sideways price movement).
Characteristics of the Entry Points Pro v.7.5
- Platform: Metatrader4
- Indicator version: 7.5
- Currency pairs: Any currency pairs, recommended major, cryptocurrencies, metals, stocks, indices
- Trading Time: Any trading sessions, recommended London and New York
- Time Frame: Any
- Recommended broker: Roboforex, XM, Tickmill
Rules of the trade
Entry Points Pro MT4 Indicator, like the previous one, which we have considered in this post, has an information panel with brief statistics of previous signals. But I wouldn't count on it too much, as the indicator considers a signal with Take Profit of even a few pips to be profitable, which in real trading would rather bring a loss.
The author assures us that the indicator signals are not repainted. However, this is not quite true - on a signal candle, the arrow can disappear if the price goes in the opposite direction. But after the signal candle has closed and the arrow has not disappeared, the signal is considered to be formed and you can enter the trade, i.e. enter on the next candle if the arrow has not disappeared. See this video for a clearer picture:
Thus, open a Buy or Sell order on the next candle if the arrow has not disappeared.
Example of a Buy signal:
Example of a Sell signal:
In addition, if you watched the video carefully, the seller recommends not to open a trade immediately, but to place a pending order (Buy Stop or Sell Stop) slightly above the maximum of the signal candle for Buy Stop and slightly below the minimum of the signal candle for Sell Stop.
At the same time, it is recommended to place Stop Loss according to the classical scheme - a few pips above/below the previous price minimum/maximum.
Take Profit - based on indicator signals or when the opposite signal appears, or fixed (selected individually for each pair and timeframe based on testing).
The seller says that "The best point to enter a trade is the beginning or continuation of price movement in a certain direction" (which is, of course, obvious), indirectly hinting to us that this indicator, like most others, is trending and strongly depends on the market mood.
Conclusion
I didn't see any outstanding potential for profitable trading in this indicator, but with a competent approach in conjunction with additional filters, resistance support levels, reasonable money management and preliminary testing on a demo account, Entry Points Pro can be profitable.
In the archive Entry_Point_Pro_Indicator.rar (140.3 KB):
- Entry Points Pro IND_fix.ex4
- Entry Points.tpl
Free Download Entry Points Pro MT4 Indicator
