PZ Trend Trading - maximum profit from the trend
PZ Trend Trading is an indicator that takes the maximum profit from the trend, which is not available to conventional trend indicators. The indicator monitors and displays on the chart profitable pullbacks, breakouts and early reversals, which can be useful for making a profit. PZ Trend Trading has an information panel showing the signal type and its accuracy. Also shows the market situation on all timeframes. And with all this PZ Trend Trading does not repaint its signals.
Characteristics of PZ Trend Trading
- Platform: Metatrader4
- Currency pairs: Major
- Trading Time: Around the clock
- Timeframe: Any, recommended H4, D1 and W1
- Recommended broker: Roboforex, XM, Tickmill
How to use
PZ Trend Trading outputs 4 types of signals:
(1) Trend Changes
Changing the direction of price movement is a trend change (it is displayed on the chart in the form of red and blue circles with the number 1. Red (1) - the downtrend starts, blue (1) - the uptrend starts:
(2) Pullbacks
Pullback, as a rule, is caused by large players and represents a good opportunity to enter the market. As soon as the market regains its direction after the pullback, the indicator will display an orange circle with the number 2:
(3) Inside Bar(s) Breakouts
A breakout of an inside bar (or bars) represents the most profitable trading opportunity during the current trend, because this is the entry point with a high probability of success with the least risk. The indicator will show green (3) when a breakout of an inside bar (or bars) appears:
(---)Corrections or Reversals
PZ Trend Trading will plot a colored dash when a correction is detected, a red dash (---) is a bearish correction during an uptrend and a blue dash (---) is a bullish correction during a downtrend.
For novice traders and to reduce risk, the author recommends:
"focus on the easiest trading setups, which are (2) pullbacks and (3) breakouts of inside bars, because they are calculated taking into account the prevailing trend direction and recent price action. More than 85% of the pullbacks and breakouts are profitable, and some of then turn into really long, profitable trades…" Read more in the manual (in the archive with the indicator).
PZ Trend Trading in combination with the filter PZ Oscillator (additionally attached in the archive) can be used as a full-fledged trading strategy. For more details, see this video:
In the archive PZ_Trend_Trading.rar:
- PZ TrendTrading 4.5.ex4
- PZ_PointZeroOscillator.ex4
- PZ Trend Trading.tpl
- PZ Trend Trading 4.5 manual.pdf
Free Download PZ Trend Trading
