FXProSystems
Back

Master Entry - reduce your trading stress to minimum

Published: 02.10.2020
Reading time: 14 minutes
4
2053
master-entry

Master Entry is a versatile trading indicator suitable for any type of trading, be it scalping, traditional day trading or swing trading. Accordingly, you can trade on any timeframe. And the ease of use of the indicator makes it convenient and understandable even for a beginner. The official website says that the indicator is not repainted, but I have serious doubts about this. We'll deal with this later.

Characteristics of the Master Entry

How it works? Trading rules

The appearance of Master Entry reminded me of the well-known Half Trend, on the basis of which many commercial indicators have been developed. Including Forex Millennium, Onyx Scalper, Forex Olympus and others.

Here's a look at Half Trend with Amplitude = 12 and Master Entry with TradingMode = Moderate:

Half Trend [Amplitude = 12]half-trend

Master Entry [TradingMode = Moderate]ultradefx-modernized-half-trend

Like two twins. Is not it?

Therefore, I dare to assert that Master Entry [cost = $97] is a slightly revised version of the Half Trend [Free] indicator. The only difference is in changing the name of one parameter (Amplitude – TradingMode).

It is not difficult to trade using this indicator and is reduced to a simple opening of a deal based on its signals.

BUY - green upward arrow:

master-entry-buy

SELL - red downward arrow:

sell-signal

Stop Loss is at the level of the previous local minimum for Buy and at the level of the previous local maximum for Sell.

Take Profit - individually, depending on the volatility of the currency pair, Time Frame and trading session. Or using the formula: Take Profit = 2 x Stop Loss.

Alternatively, to set Stop Loss and Take Profit levels, the author recommends using Fibonacci levels, stretching them from the nearest price maximum to the price minimum. Watch the video [00:41]:

The indicator has 4 trading modes with varying degrees of risk and number of signals. This is clear from the name:

  • Extreme
  • Intense
  • Neutral
  • Moderate

master-entry-inputs

The indicator has all the notifications possible today, such as Pop-up Alert, Email Alert, Push-Notification. This today is no surprise.

As for the author's statement about the absence of repainting of the indicator, it is clearly seen in this video that this is a hoax:

But this does not mean that the indicator cannot be profitable.

In any case, you should never unconditionally trust marketers and check the indicator's ability to make a profit, first of all, in trading on a demo account. Don't forget to consider important economic news.

In the archive Master_Entry.rar (28.3 Kb):

  • UltradeFX - Master_Entry.ex4
  • Master_Entery_template.tpl

Free Download Master Entry

Get the X Trend Premium
Author:
Daniel
Share
Related Post
Comments:
  • tina
    Published: 04.10.2020 Reply to the message

    hello daniel i can't download the file.

    • Daniel
      Published: 04.10.2020 Reply to the message

      There is an alternative download link Here

  • senthil
    Published: 04.10.2020 Reply to the message

    another copy of halftrend v.2

  • Babayz
    Published: 09.10.2020 Reply to the message

    Hello Daniel, Good Day. Dear I am searching for Fibo Quantum by Karl Dittman, if there is any possibility for free access of Fibo Quantum?

Name
Please enter your last name and first name
E-mail
No spam, we promise
Message text
By submitting this form, you agree to the political confidentiality and rules of our site.