INFINITY TrendLine INDICATOR v3.3
Multi-functional trading indicator INFINITY for MT4 is required for every trader as a basic tool at any timeframe.
This is not a simple indicator with a signal line, it is a ready-to-use trade system which can define three hits TP and targets of StopLoss levels, the trend strength and a SuccessRate factor.
INFINITY indicator is unique as it can define the direction of the trend of the higher period of the Timeframe at the current chart. The same colour of the current signal and a higher period of the Timeframe make the signal more effective.
The INFINITY indicator calculates the result of trading based on the return points of signal line at the selected history segments (Maximum History Bars) and gives the outcome value (Result) in pips.
INFINITY indicator can help you trade in two ways:
- Use signals at the trend line change as a ready level SL and TP;
- Trade at TP and SL levels calculated from the borders of selected segment of bars (ZigZag Period)
You can also use TP1, TP2 or TP3 levels Hits and set up the step value, e.g. FIBO or other values.
You can see the levels: the unachieved levels are shown dotted and achieved levels are shown as numbers in pips.
Example: The received Sell signal (H1) is strong as it is confirmed by the HigherTimeframe Filter (H4) and SuccessRate factor more than 60%, Target level SL and three TP hits are defined automatically:
Sets window includes several options if settings, which enable Push and Alert notices.
When activating ShowTPSLline flag you will fined edditional information about trade :
have individual settings to use the indicator with profit at different periods
and for different currency pairs.
For comfortable use of this indicator we have developed The INFINITY EA.
INFINITY TrendLine EA v.3.0
for MT4 trades on signals of indicators INFINITY TrendLine or PipFiniteTrendPRO:
For trading signals PIpFiniteTrendPRO you should have a folder //MQL4/Indicators/Market. The logic of INFINITY indicator is built into the EA so you can trade without it, but to visualize the levels you need to attach the indicator to the chart.
The INFINITY EA has a number of eadvantages extending the application of INFINITY indicator. So it is possible to set a limit for trading at a low level of SuccessRate or activate the TrailingStop function to achieve any level of TP.
You can set up ТakeProfit and StopLoss levels, set the sensitivity of the indicator signal line, activate trading only when the current signal and the HigherTimeframe Filter signal are the same.
And what is most important is that you don't need to spend all your time at your computer for waiting signal on the indicators.
You will never miss a swift HIT with INFINITY EA
You can choose parameters for any forex tool, CFD or shares. INFINITY EA can trade at any chart.
The detailed MANUAL will help you to get a handle on the EA settings.
- When using the indicator and the INFINITY EA simultaneously, first add the EA and then the indicator to the chart.
- When using the INFINITY EA and the INFINITY indicator at the same time, the settings should be the same.
INFINITY EA: EURUSD.set (H1)
PipFiniteTrendPRO: EURUSD.set (H1)
Follow the online trading of INFINITY EA on a demo account.
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