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Prometheus Trade Engine

Prometheus Trade Engine is an indicator that combines price action, ratio based indicator & custom indicators to create this leading indicator that has a multi-timeframe approach to give you high probability trade setups & assist you in making a prediction on what is MOST likely to happen in the market going forward

Features

Reversal Zone

  • Rectangular box on your chart based on a close approximation to 50% & 61.8% Fibonacci retracement levels over the high-low period of 100 bars
  • By default, Blue rectangle is set to indicate that you are temporarily on a LONG trend with 50% above & 61.8% below
  • Red rectangle is set to indicate that you are temporarily on a SHORT trend with 61.8% above & 50% below
  • When the trend changes the it is redrawn automatically depending on your timeframe of choice
  • When it is breached it gives you a [leading] indication that the current trend is MOST likely about to change so adjust your trading rational appropriately
  • When there is NO retracement level then there will be NO Reversal Zone thus NO Price Move, stay out of the market

Price Action Signal

  • Arrow displayed on a specific candle; These arrows are NOT buy/sell arrows; They DO NOT repaint
  • Bullish arrow on a bullish candle price is most likely going to shoot LONG; Bearish arrow on a bearish candle price is most likely going to collapse SHORT
  • Bullish arrow on a bearish candle price will most likely move LONG momentarily before collapsing SHORT; Bearish arrow on a bullish candle price will most likely move SHORT momentarily before shooting LONG

Price Move

  • Based on where price is relative to the Reversal Zone

Daily Move

  • Based on where price is relative to the Daily Open

Daily Index

  • Based on current price relative to the open-high-low-close price of the daily candle; Scale 0 to 100 [0 = daily open & 100 = new high or low]
  • The higher the value the further the price is to the open;

Analysis

  • Trend Strength - Displays overall strength of trend; Scale 50 to 100 [50 = weak & 100 = strong]
  • Asset Strength - Displays strength of asset; Scale 0 to 9 [0 = weak & 9 = strong]
  • Strength Index [RSI] - Displays RSI level
  • MACD - Displays MACD above or below zero

Average

  • Displays multi-timeframe moving average

Momentum

  • Displays multi-timeframe momentum

Direction

  • Displays multi-timeframe average directional movement index

Market Sentiment

  • Displays the traders choice of market direction call or put

Parameters

Period Settings

  • Average Period - Set Moving Average, default set to 50
  • Momentum Period - Set Momentum, default set to 14
  • Direction Period - Set ADX, default set to 14
  • Stength Index Period - Set RSI, default set to 14
  • Reversal Zone Alert - Set alert screen pop-up message, default set to TRUE

Color Settings

  • Symbol Color - Set color symbol on your chart
  • Panel Color - Set color for the right hand panel
  • Value Color - Set color for values on the Analysis Section
  • Bullish Color - Set color for bullish move
  • Bearish Color - Set color for bearish move
  • Flat Color - Set color for flat move
  • ReversalZoneLong Color - Set color for LONG Reversal Zone
  • ReversalZoneShort Color - Set color for SHORT Reversal Zone
  • Timeframe Color - Set color of current chart timeframe

High Probability Trade Setups

Reversal Bounce

  • Take a trade when price has bounced off the SHORT/LONG Reversal Zone based on HIGH PROBABILITY CONFLUENCE from the right hand panel
  • Price MUST be INSIDE/BELOW the SHORT reversal zone for a PUT OR INSIDE/ABOVE the LONG reversal zone for a CALL

Reversal Breach

  • Take a trade when price has breached the SHORT/LONG Reversal Zone based on HIGH PROBABILITY CONFLUENCE from the right hand panel
  • Price MUST be INSIDE/ABOVE the SHORT reversal zone for a CALL OR INSIDE/BELOW the LONG reversal zone for a PUT

FOR CONFIRMATION, get the Prometheus Smart Money https://www.mql5.com/en/market/product/16768 to confirm which trades to take & which ones to avoid

Advantages

  • You can use it in ALL financial markets including binary options on ALL asset classes or instruments
  • Less clutter on your chart giving you a neat & tidy chart therefore no information overload

Recommendations

  • Supported timeframes are M1, M5 & M15; Recommended for ONLY intraday traders
  • Test on a demo account first for at least 2 weeks; Practice makes perfect

Please share your comments, reviews & ratings

Bewertungen 1
Peter
1115
Peter 2017.08.01 18:08 
 

Great indicator and excellent support!

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VTrende - МТФ индикатор для трендовой торговли с панелью индикации для МТ5 !!! - Подробное описание на русском языке под видео (на Youtube) - !!! Хотя сигналы индикатора VTrende можно использовать, как сигналы полноценной торговой системы, рекомендуется применять их в связке с ТС Билла Вильямса. Основная задача индикатора - определить точки изменения направления тренда. Сигнал индикатора появляется в двух вариантах: На опережение - когда тренд заканчивается На продолжение - когда тр
497 USD
Quants Forex Zones
Quants Forex Zones
Ferhat Mutlu
ONLY 1000 COPIES WILL BE SOLD AT TOTAL. AFTER EACH BUYER PRICE GETS INCREASED BY 1 $ 1 TIME PAYMENT FOR LIFE TIME UPGRADES ! ITS MULTIPAIR AND MULTI TIMEFRAME SUPPORT RESISTANCE DASHBOARD. IT CAN BE TESTED ONLY LIVE. Please once you purchase contact with me through mql5. So we can make sure dashboard working correctly on your platform. Nested Forex Zones are designed to fetch all key levels in one chart to find bounce and breakout areas. Everything you can imagine are fetched from mu
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Entry Arrow Alerts
Entry Arrow Alerts
Alfred Todd
Entry Arrow Alerts: Finds market entry opportunities then notifies you via mobile or desktop alerts The key features include: Conservative mode . One entry signal per direction. Ideal for the patient trader looking to capture longer term moves. Aggressive mode . Multiple possible entry signals per direction. Ideal for the active trader looking to capture multiple moves within the same trend. Trigger Line . Price entry line helps cut down on false signals. Display Window . Allows you to instantly
2 500 USD
Volume by Price Pro MT4
Volume by Price Pro MT4
Brian Collard
Volume Profile and Market Profile  for price and time analysis to identify key levels and ranges. The ' Volume by Price  ' indicator can display the relations between volume, price and time in various different forms to setup basic to advanced compositions. Versatile highlighting. Evaluation variables. Multiple range selection methods including drag and drop. Labels to indicate the scale and scope of data displayed, and comprehensive styling by attributes such as color, size, area etc. Main
459 USD
Fibonacci Sniper
Fibonacci Sniper
Elmira Memish
Fibonacci Sniper MT4 - No Repaint Features:  - Indicator sends signals and notifications on key Fibonacci Retracement and Fibonacci Extensions Levels - Once the buy/sell signal is set, targets ( TP1 TP2 TP3 )and stop loss levels are drawn by the indicator. - Fibonacci Calculations and Custom Patterns are identified by the last 3 or 5 Zig Zag exterum. - You can easily identify key harmonic patterns like Gartley, Bat, Butterfly and Crab patterns. Important Settings:  - Choose the Zig
220 USD
SFO Trend Racer
SFO Trend Racer
Tevin Marshall
SFO Trend Racer system is a trend indicator created by the CEO and Founder of " Simple Forex Options ", Tevin Marshall . It serves 6 different functions all in one. It shows the trader the entry signals as well as exit signals, whether it is a take profit or a stop loss. It also uses trend filters and signal confirmations so that the trader is able to make the most logically fit decision. Trend Racer uses various filters and specific settings from a plethora of indicators. The beauty in this ind
579 USD
Pair Trading Station MT4
Pair Trading Station MT4
Young Ho Seo
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
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Wolfe Wave Indicator
Wolfe Wave Indicator
BJF Trading Group inc. (2202934 ON inc.)
MetaTrader 4 Wolfe Wave Indicator draws Wolfe Wave in fully automated mode. Benefits We do not use ZigZag and work with fractals. Our indicator can recognize all Wolfe Wave patterns on specified time range. So we check every top for potential 1,2,3,4,5 points not only ZigZag tops . Indicator has a lot of adjustable parameters.
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Weis Wave with Alert
Weis Wave with Alert
Panagiotis Diamantopoulos
** NEW PLUTUS SIGNALS and ALL IN ONE ** Plutus Long and Short trading signals added (for more infor visit  http://www.tradethevolumewaves.com   Different Wave Types can be sellected. Choose what your cumulative Histogram diplays: Volume, Pips, Progressive Volume Rate, Time or Emphasized Volume Waves ** IF YOU PURCHASE DO NOT FORGET TO CONTACT ME BECAUSE THERE IS MORE. How to trade with it:  https://www.tradethevolumewaves.com/blog Visit:  http://www.tradethevolumewaves.com   Manuals:  htt
499 USD
Cycle Sniper
Cycle Sniper
Elmira Memish
Cycle Sniper  After twenty years of experience in the markets and three years of hard work – coding, backtesting -, Cycle Sniper is ready! Cycle indicators are oscillating indicators that can be used to analyze market cycles. According to cycle theory, markets have a tendency to move in cyclical patterns from periods of bullishness to periods of bearishness and back to periods of bullishness. These cycles are repeated with a regularity that allows them to be used to anticipate price changes
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Paul BuySell Indicator
Paul BuySell Indicator
Prabir Paul
Non-Repainting & Trend Following Indicator   A simple tool for all traders.  Paul Indicator detects trend, eliminates noise and show Buy and Sell level in the screen window. This Buy Sell Indicator is is very simple and useful. This Indicator will not produce Buy and Sell Signal alternatively ignoring trend but It follows trend and produce good Signal only. For Details Information, go through this article:  https://www.mql5.com/en/blogs/post/734212 Advantages Non-Repainting & Trend Followin
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Bintang Binary R2
Bintang Binary R2
Anthonius Soruh
Bintang Binary Indicator work all pairs Time Frame : All Time Frame Expaired : 1 Candle No Repaint, No Delay and Alerts Use manual and auto trading  Easy to use Trial Version, Rent Version and Full Version avaliable Trial Version >>> download here  https://www.mql5.com/en/market/product/54602 Trial Version not have Alerts Rent version 1 month, 3 month, 6 month, 9 month, and 1 years Auto trading is better use MT2 Trading Platform (Contact me for discount 10 % MT2 trading licence) Work good for f
280 USD
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Primus Smart Money is an indicator that shows the average of bulls and bears on an asset. Used as a confirmation indicator for bullish and bearish control to assist in predicting future price moves Advantages Used in ALL financial markets including binary options on ALL asset classes or instruments. To be used as a confirmation tool with other indicators Parameters Period - default set to 9 (Recommended) Entry requirements Focus on the clusters on the indicator - the height or depth of the bars
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Primus Trading Engine
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Prometheus Smart Money
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Prometheus Smart Money is an indicator that combines both price & volume with calculations based on other custom indicators, smart volume and retail volume to create this leading indicator that gives you high probability moves to help you make a decision on what is MOST likely to happen in the market going forward Advantages You can use it in ALL financial markets including binary options on ALL asset classes or instruments. You can use it as a stand alone indicator or as a confirmation tool wit
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Centaurus Trend Engine
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Centaurus Trend Engine is an indicator that uses custom indicators to give the current momentum moves of the market with a multi-timeframe approach to trading Features Value Area -It is the (red/green) rectangular box on your chart based on the dynamic structure period set;Green to indicate you focus on LONG moves & Red for SHORT moves Analysis - Displays The Market Analysis Strength - Displays The Market Strength Trend - Displays The Market Trend Entry State - Displays the BEST entry time for t
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Namiri Trade Engine
Namiri Trade Engine
Philip Muga
Namiri Trade Engine is an ALL in ONE trading system that combines structure, volume, market condition & risk management to give you the MOST flexible & BEST opportunities for A+ trade setups with auto lot size WAIT FOR YOUR A+ SETUP || ONLY TAKE YOUR A+ TRADE || RINSE & REPEAT YOUR A+ MOVE Chart Features Panel - Shows the asset, market, price, pip, account, trade & profit|loss information Structure - Shows areas of support & resistance Risk Management - Shows entry zone as well as stop loss
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Auswahl:
Peter
1115
Peter 2017.08.01 18:08 
 

Great indicator and excellent support!

Antwort auf eine Rezension
Version 1.1 2019.02.07
Added Entry, Stop Loss & Take Profit Levels