Trend Screener MT4 - How to reach trading signals with a success rate of over 80% with SUCCESS RATE SIMULATOR?
---------------- TREND SYSTEM ----------------
Trend Screener Indicator
Trend Line Map Indicator
1. What's SUCCESS RATE SIMULATOR?
It's a tool where you write your take-profit and it will calculate the winning trades and losing trades based on the take-profit that you wrote in the indicator setting.
SUCCESS RATE SIMULATOR will collect all orders by type ( Buy orders or Sell orders ) than it will check how many orders reach indicated take profit to display finally the winning percent and losing percent of all orders.
We have developed this tool because the forex market is a dynamic market and we can't use fixed take profit for all pairs and all time frames all the time.
1 = WINNING B.ORDERS: Number of winning Buy Orders.
2 = LOSING B.ORDERS: Number of Losing Buy Orders.
3 = WINNING S.ORDERS: Number of winning Sell Orders.
4 = LOSING S.ORDERS: Number of Losing Sell Orders.
5 = SuccessRate B.ORDERS : The success rate of buy orders in %
6 = SuccessRate S.ORDERS : The success rate of sell orders in %
7 = TP Simulator pips: The take-profit in pips that is used for this simulation.
8 = Numbers of signals and numbers of bars scanned to get those signals.
Example 1 of Takeprofit Simulation
TP Simulator : 10 pips ( Supposing that we used in the last 15 signals a take profit equal to 10 pips )
Winning Buy orders : 7
Losing Buy orders : 0
Winning Sell orders : 7
Losing Sell orders : 1
Success Rate Buy orders : 100%
Success Rate Sell orders : 87.5%
15 Signals || 1000 bars : We made this simulation in the last 1000 bars and we identified 15 trading signals in the last 1000 bars.
Buy signals recommended => It's recommended to take any future buy signal with takeprofit equal to 10 pips.
Sell Signals Recommended => It's recommended to take any future sell signal with takeprofit equal to 10 pips.
Example 2 of Takeprofit Simulation
TP Simulator : 20 pips ( Supposing that we used in the last 20 signals a take profit equal to 20 pips )
Winning Buy orders : 9
Losing Buy orders : 3
Winning Sell orders : 10
Losing Sell orders : 1
Success Rate Buy orders : 75%
Success Rate Sell orders : 90.91%
23 Signals || 1000 bars : We made this simulation in the last 1000 bars and we identified 23 trading signals in the last 1000 bars.
Example 3 of Simulation
TP Simulator : 20 pips ( Supposing that we used in the last 13 signals a take profit equal to 20 pips )
Winning Buy orders : 6
Losing Buy orders : 1
Winning Sell orders : 3
Losing Sell orders : 3
Success Rate Buy orders : 85.71%
Success Rate Sell orders : 50%
13 Signals || 1000 bars : We make this simulation in the last 1000 bars and we identified 13 trading signals in the last 1000 bars.
IMPORTANT NOTE 1 :
The success rate simulator is fellowing only the trend line in the chart and it's not taking into consideration the Trend Status calculated by FUZZY LOGICS, so by filtering the signals manually with Trend Summary and opening :
1. BUY TRADES: ONLY WHEN TREND STATUS IS UPTREND OR STRONG UPTREND, you will reach much higher success rates in your orders than the one you see in Success rates simulator.
2. SELL TRADES: ONLY WHEN TREND STATUS IS DOWN TREND OR STRONG DOWN TREND,you will reach much higher success rates in your orders than the one you see in Success rates simulator.
IMPORTANT NOTE 2 :
The success rate simulator will display recommendations for buy and sell signals,its highly recommended to follow the recommendations in success rates simulator. The recommendations are for buy and sell signals and they are re-calculated with every new signal.
If you have some questions or if you need help, contact me via Private Message.
Author
SAYADI ACHREF , fintech software engineer and founder of Finansya.
