PipFinite Trend PRO Indicator - trend-following algorithm, no repainting
PipFinite Trend PRO Indicator is a smart algorithm that accurately detects a trend, removes market interference, and generates entry signals with automatic exit levels. It combines a breakout strategy with trend trading and doesn't repaint. Let's take a closer look at this «beast».
Characteristics of the PipFinite Trend PRO Indicator v.5.1
- Platform: Metatrader4
- Currency pairs: Any major currency pairs, metals, crypto
- Trading Time: Any trading sessions
- Time Frame: Any, recommended M15 and H4
- Recommended broker: Roboforex | XM | VT Markets
How it works?
As mentioned above, the indicator gives signals for trial of certain levels in the direction of the trend and is a link between the signal component and the filter. Trade very simply by following these rules:
BUY:
- Buy signal (Blue Dot + Blue Arrow) appeared
- Success Rate > 65%:
SELL:
- Sell signal (Yellow Dot + Red Arrow) appeared
- Success Rate > 65%:
Stop Loss should be set to several pips above/below the last High/Low.
TakeProfit:
Option 1: 100% TakeProfit on TP1
Option 2: 50% partial profit on TP1 and close the remaining 50% on TP2
Option 3: 100% take a profit on the opposite signal or above (the bottom for Sell) point on the trend until it reverses.
To increase the chances of success, the author recommends using the so-called Multi Timeframe system, when we see an uptrend on a high timeframe, for example, D1, switch to H1 timeframe and wait for a signal to buy. It looks like this:
In this system, the Heiken Ashi indicator is used to visualize candles. I'm not a big fan of it, because it tends to idealize the situation a little and smoothing out micro countertrend movements. So, in my opinion, it is right to remove it. To see the enemy in the face, as they say. This is the graph without Heiken Ashi:
I have recorded a short video for you in real trading mode for a better visualization of the indicator's performance:
Parameters
Period:
- For entering trades (Entry Indicator), set the period between 2 and 5
- To filter trades (Filter Indicator), choose a period ranging from 6 to 15
Target Factor:
- Adjust this multiplier to determine take profit levels
- Increasing this value results in higher take profit potential but may reduce the success rate
- Decreasing this value leads to smaller profits but may increase the success rate
Maximum History Bars:
- Defines the maximum number of bars used in calculations
Display Parameters:
- Manages the visibility of chart-drawn objects
Graphics Parameters:
- Controls the appearance and color settings for objects drawn on the chart
Dashboard Parameters:
- Governs the visibility and color settings for statistics displayed on the chart
Alert Parameters:
- Manages the enabled alert options
In conclusion
Traditionally at the end, I want to warn you against unwanted losses, so:
- Never risk money you’re not willing to lose
- Properly and with a cool mind, build a capital management strategy
- Apply additional filters
- Practice in demo account trading
- Avoid trading during important economic news periods
In the archive PipFinite_Trend_PRO.rar (422.6 KB):
- PipFinite Trend PRO_fix.ex4
- Pipfinite.tpl
A note on stability: in mid-2024, an MT4 terminal update briefly broke this indicator for a number of users. It's since been updated and has run reliably for over a year — if you downloaded it before June 2024, grab a fresh copy to be safe.
Free Download PipFinite Trend PRO Indicattor v.5.1
