PipFinite Trend Laser [Indicator Reviews]
The following are some examples of
Software that uses complex algorithms to detect trends can be used in conjunction with other systems or tools.
- Avoid whipsaws, market noise and other uncertainty with this unique trend detection system
- Calculates possible targets for next signals by analyzing statistics of maximum profit.
- Tool that can be used to improve trading systems in multiple ways
- Trend Filter
- Additional filter for existing systems
- Use period = 4 to 10
- Entry Point
- Trading from a confirmed system
- Use period = 2 to 3
- Exit Strategy
- The decision to exit will be at the discretion of each trader, according to their strategy
- Support/Resistance Zones
- Price action patterns can provide reversal signals
- Statistics
- Once profit reaches “Average Gain”, exit trades.
- Close trades partially when profits reach “Minimum move”
- You can also use Exit Scope to exit.
- The decision to exit will be at the discretion of each trader, according to their strategy
- Multi-Timeframe
- The same directions apply to both the higher and lower timeframes:
- If H4 is in an uptrend, buy trend laser signals for H1.
- Sell trend laser signals if H1 is in downtrend
- The same directions apply to both the higher and lower timeframes:
- Color schemes for dark and light charts
- Never repaint
- Never ever backpaint
- Never recalculate
- Signals only on “Close of bar”
- Compatible with Expert Advisor Development
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