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Thushara Dissanayake  

For the first time, we've successfully developed Multi-currency, Multi-timeframe, Non-Repainting Dashboard Indicator AND our unique trading insight & algorithm to create this ULTIMATE trading machine for new traders and expert traders.

Thushara Dissanayake  

Sometimes the Parabolic Predictor Dashboard may appear black on a certain timeframe due to lack of historical data. In this case, it's important to update your historical data before launching the indicator. Once you have updated the data, the indicator should be able to identify the trend, reversal or retracement on that timeframe. If the indicator is still showing a black timeframe after updating the historical data, it's possible that there are no valid signals for that timeframe at the moment. In that case, it's better to wait for a fresh signal to appear.

For instance, let's take a look at this current black signal appearing on the EURUSD M15 chart.



Based on the last 5-6 candles, it seems like the market is currently in a range or experiencing low momentum. When the market is in a range, it can be difficult for indicators to provide clear signals, which is why the Parabolic Predictor Dashboard is indicating black. It's important to wait for a clearer trend to emerge before making any trading decisions.
Thushara Dissanayake  
Always remember the significance of identifying the major trend and waiting for confirmation through candle close. The most precise take profit level is take profit 1. It's highly recommended to combine this tool with your own strategy and other indicators to effectively filter signals. Keep in mind that there are instances when my trading strategy may not be suitable for you. Thus, it's crucial to establish your own trading strategy. Take advantage of this tool and create your own unique approach to trading. The power is in your hands!

Thushara Dissanayake  
The Significance of Incorporating Multitimeframe Dashboard in Forex Trading to Identify Potential Reversals and Confirm Signals.

In the H1 time frame of this dashboard, you may observe several sell signals marked on CHF pairs. This suggests that CHF is currently exhibiting strength. These signals are present on multiple pairs including EURCHF, USDCHF, GBPCHF, and CADCHF. However, there are no sell signals on AUDCHF and NZDCHF. It's important to note that these signals have appeared around 2 hours ago, so traders need to act accordingly based on their analysis and strategy.






Let's examine how the EURCHF H1 chart fared using the Parabolic Predictor Dashboard. The first take profit level was close to the entry level, making the next target take profit 2. However, the price has yet to reach the next target.



Let's take a look at the M30 chart and see how the indicator performed. As you can see, the price was able to reach both the take profit 1 and take profit 2 levels, indicating a successful trade.



Let's take a closer look at USDCHF. It has successfully reached its take profit level 1, indicating a profitable trade.



However, on the M30 chart, it is still a few pips away from reaching the first target.



let's analyze the GBPCHF H1 chart. The price successfully reached its take profit level 3. The chart also shows a clear uptrend with higher highs and higher lows. It's interesting to note that the price also broke out of a trendline with lower highs, indicating a potential shift in the trend direction.



Looking at the M30 chart, we can see that the price also reached its take profit 4 level. This shows the importance of using multiple time frames to confirm trading signals and identify potential opportunities.



Let's take a look at CADCHF on H1 timeframe. It has not yet reached its take profit level, indicating potential for further movement.



However, on the M30 chart, it has already hit take profit level 2.



Taking a closer look at AUDCHF, there were no sell signals on the H1 chart. However, on the M30 chart, a sell signal was identified and the take profit 1 level has already been reached, which was very close to the entry point. If the reversal continues, the next target would be to reach level 2.



Looking at the NZDCHF chart, there are no sell signals in the H1 timeframe. However, in the M30 chart, there is a sell signal that has just formed. If the price continues to move in the direction of the signal, the first take profit level is within reach and the next target will be level 2



As we examine these charts, we can observe that the indicator initially detects the reversal or retracement in the lower time frame charts. This allows us to enter the market using our own analysis and other indicators. The subsequent signals in higher time frames provide further confirmation, making it easier to follow the signal.

Moreover, the dashboard panel is a valuable tool for comparing signals with other pairs and higher time frames. It enables us to compare the new signal with the major trend quickly. Let's take a closer look at the weekly (W1) and monthly (MN) signals on the dashboard. The CHF  is exhibiting strength at present, so we can expect new sell signals to emerge. This aligns with the major trend, and it's up to us to decide how to incorporate it into our trading strategy.


Thushara Dissanayake  
Keeping an eye on news days is crucial as the market can give false signals. Always follow the major trend and utilize the multicurrency and multitimeframe dashboard to do so. With the dashboard, you can view the latest 5 candles' data through arrows and quickly identify any changes in trend by switching arrows to UP or DOWN. Additionally, wait for the last candle to close before entering the market as the market is constantly changing due to news and events.

This indicator was developed based on my own strategy, so it's important to find and understand your trading strategy for better success. Stay connected with me through my channel where I share market updates and join my group to discuss important aspects of this amazing indicator. Don't miss out!

join with my channel: https://www.mql5.com/en/channels/forexrobotarmy
Join my group to engage in discussions: Parabolic Predictor Profit Seekers
Thushara Dissanayake  

The Parabolic can be used in trading for various purposes:

  • Identify potential trend changes: The Parabolic signal can help traders identify when a trend is likely to change direction, providing an early indication of potential reversals.

  • Determine stop-loss levels: Traders can use the Parabolic signal to set effective stop-loss levels, allowing them to manage risk and protect their trading positions.

  • Spot potential breakout opportunities: The Parabolic signal can highlight potential breakout points, where price breaks through key levels of support or resistance, signaling the possibility of significant price movement.

  • Confirm trend strength: By analyzing the Parabolic signal alongside other indicators or price action, traders can assess the strength of a prevailing trend and make more informed trading decisions.

  • Adjust trailing stops: Traders can utilize the Parabolic signal to adjust trailing stop levels, enabling them to capture profits while allowing for potential further price appreciation.

  • Manage trade entries and exits: The Parabolic signal can assist traders in determining optimal entry and exit points for their trades, enhancing precision and maximizing potential returns.

  • Identify potential price reversals: The Parabolic signal can act as an early warning sign for potential price reversals, helping traders avoid entering or exiting trades at unfavorable price levels.

  • Evaluate trend continuity: By monitoring the Parabolic signal, traders can assess the continuity of a trend and adapt their trading strategies accordingly.

  • Set price targets: Traders can use the Parabolic signal to establish price targets for their trades, providing clear objectives and aiding in the development of effective trading plans.

  • Enhance risk management: Incorporating the Parabolic signal into risk management strategies can help traders optimize position sizing and maintain a disciplined approach to trading.




Parabolic Strategy

  • Buy Entry:
    • Large green Parabolic dot marked
    • Entry and Take Profit levels accurately marked
    • Utilize Entry level for buy trades
    • Use TP1 level to take profits (highest accuracy level)
    • Includes five take profit levels
  • Sell Entry:
    • Large red Parabolic dot marked
    • Entry and Take Profit levels accurately marked
    • Utilize Entry level for sell trades
    • Use TP1 level to take profits (highest accuracy level)
    • Includes five take profit levels
  • Exit:
    • An easy and effective exit strategy for your trades is to monitor the color of the Parabolic Predictor dot. If you're in a buy trade and the dot changes from green to red, or if you're in a sell trade and the dot changes from red to green, it's a sign that the trend may be reversing, and it's time to exit your position. 




Advantages of choosing Parabolic as your trading indicator

  • Clear Breakout Signals: The Parabolic indicator provides clear signals for potential breakout points in the market, allowing traders to identify significant price movements.
  • Versatile Application: The Parabolic indicator can be used in various markets and timeframes, making it suitable for different trading styles and strategies.
  • Trend Identification: By analyzing the position of the Parabolic dots in relation to the price, traders can gain insights into the prevailing trend and make informed trading decisions.
  • Dynamic Support and Resistance: The Parabolic dots act as dynamic support and resistance levels, helping traders determine optimal entry and exit points.
  • Adaptive to Market Conditions: The Parabolic indicator adjusts its dots based on market volatility, ensuring responsiveness to changing market conditions.
  • Simplicity and Ease of Use: The Parabolic indicator is easy to understand and interpret, making it accessible to traders of all experience levels.
  • Confirmation Tool: Traders can use the Parabolic indicator in conjunction with other technical analysis tools to confirm trading signals and increase confidence.
  • Effective Risk Management: By incorporating the Parabolic indicator into their trading strategy, traders can set stop-loss orders based on the support or resistance provided by the dots.
  • Visual Representation of Trends: The Parabolic dots visually represent the direction of the trend, aiding traders in trend analysis and decision-making.
  • Time Efficiency: The Parabolic indicator saves time by quickly identifying potential breakout points, allowing traders to focus on high-probability trading opportunities.
Thushara Dissanayake  

v1.0 Features

  • Multi-currency, Multi-timeframe and Non-Repainting Dashboard for ease of use and flexibility.
  • Entry and Take Profit levels are displayed on a new Chart window for clear visual confirmation.
  • More accurate signals are highlighted to help traders make better decisions.
  • Mobile alerts, Email alerts, and Desktop alerts ensure you don't miss out on any opportunities.
  • Works on any MT4 pair and timeframe, giving you the freedom to trade as you please.
  • User-friendly parameters make it easy to customize the indicator to your specific needs.


v1.0 Parameters

  • Dashboard Parameters
    • Dashboard Inputs
      • Show Dashboard - Activate/ Deactivate dashboard
      • Symbols (SemiColon(;) separated) - Symbol list (Use " ; " to separate)
      • Timeframes (SemiColon(;) separated) - Timeframe list ( Use " ; " to separate))
      • Show Chart in Background - Show/Hide chart in dashboard background
  • Indicator Parameters
    • Basic Inputs
      • Look Back Bars - Minimum historical bars for calculating indicator data
      • Show Entry Lines (New Chart) - Show entry levels on new chart window
      • Show Target Lines (New Chart) -  Show take profit levels on new chart window
    • Parabolic Indicator Inputs
      • Step - Price increment step - acceleration factor
      • Maximum - Maximum value of step
  • Alert Parameters
    • Alert Types
      • Mobile Alert - Activate/ Deactivate mobile notifications
      • Popup Alert - Activate/ Deactivate pop up message alerts
      • Email Alert - Activate/ Deactivate email alerts
    • Alert Filters
      • Entry 1 - Activate/ Deactivate alerts for entry 1
      • Entry 2 - Activate/ Deactivate alerts for entry 2
      • TP Hit - Activate/ Deactivate alerts for take profits
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