• Overview
  • Reviews (2)
  • Comments (3)

Propsense MT5

5

Welcome to Propsense, the best solution for new and veteran traders with a simple FREE strategy! NEW to MT5!

This indicator is a unique and affordable trading tool built on the teachings of a former bank trader. With this tool, you will be able to see inefficient points with ease. Additionally, traders will have a clean Heads Up Display which will show your running and closed P/L in pips AND currency units. As a highly requested option, a candle timer has been added which will allow you to judge your entries according to our strategy better.

IMPORTANT INFORMATION

Maximise the potential of Propsense by watching our video explaining the strategy. This is NOT smart money concepts, order blocks, but it is an easy-to-learn and FREE strategy straight from a reliable source. Join our thriving community to trade and learn for completely free!

Imagine how much your trading can improve when you can pinpoint why the market is moving and where it's going to! Using a simple new algorithm, it gives you the seamless identification of inefficient price action in real time. This is because it graphically shows the most recent inefficient candles. This tells you where the market is reaching for and how probable it is for continuations versus how probable it is for a reversal (if large positions need to be closed out). 

A very powerful and unique feature of this tool is that it focuses only on bear candles. This allows you, the trader, to only need to focus on 50% of the structure to determine if price is expanding in one direction or being delivered equally in a range.

Recommended pairs are USD pairs. All forex pairs are derivative of the US dollar (i.e. AUDJPY is priced by taking AUDUSD with USDJPY). For the most raw and accurate price action, we recommend using USD pairs.

This strategy is formulated on a framework that has existed since the markets began. This gives you a great advantage in trading - allowing you to adapt to market conditions while maintaining a solid framework of how and why the markets move. 

Parameters

Indicator:

  • Period: Number of candles to calculate
  • Buffer line width: Customise bearish and bullish line width (numbers 1 to 5, larger number being thicker)
  • Bullish line colour: Select colour for bullish line
  • Bearish line colour: Select colour for bearish line

Head-Up Display:

  • HUD active: Toggle the entire HUD on and off (true or false) 
  • Current Open Pos: Toggle current open position on HUD on and off (true or false)
  • Today's P/L (pips):  Toggle closed P/L in pips on HUD on and off (true or false)
  • Today's P/L (currency): Toggle closed P/L in currency on HUD on and off (true or false)
  • Floating P/L (pips):  Toggle floating P/L (pips) on HUD on and off (true or false)
  • Floating P/L (currency):  Toggle floating P/L (currency) on HUD on and off (true or false)
  • Position: Select which corner of the screen the HUD should be in
  • Font size: Customise font size based on your preference
  • Text color: Customise text colour based on your preference
  • HUD Position X: Change X coordinate position of HUD with pixel position
  • HUD Position Y:  Change Y coordinate position of HUD with pixel position

Candle Timer:

  • Timer active: Toggle candle timer on and off
  • Position:  Select which corner of the screen the HUD should be in
  • Timer text colour: Customise colour of text within the timer based on your preference
  • Timer Position X:  Change X coordinate position of timer with pixel position
  • Timer Position Y:  Change Y coordinate position of HUD with pixel position

    Tips for optimal usage:

    1. Watch our free strategy videos to understand the method fully
    2. Join our community (YT channel description) to learn and trade with us live

    The Propsense community will always do our best to help you! 

    Best regards,

    Fahim. 


    **WATCH THE VIDEOS & PICTURES BELOW AND READ THE DESCRIPTION FOR BEST RESULTS AND LINK TO OUR COMMUNITY**

    (NOTE: One of the screenshots below with a different panel is from the MT4 version of propsense - the purpose of the screenshot is only to show a basic overview of the strategy as the lines are the same)






















    Reviews 2
    LJI2000Trader
    19
    LJI2000Trader 2023.11.02 22:42 
     

    Great bit of kit, makes it’s a whole lot easier and marks up for you

    José Fábio RP
    125
    José Fábio RP 2023.10.30 23:14 
     

    This is a great indicator. If the author can please add the alerts/notifications, as did with MT4 version, will be awesome. Thank you!

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    5 (1)
    The Trend Forecaster indicator utilizes a unique proprietary algorithm to determine entry points for a breakout trading strategy. The indicator identifies price clusters, analyzes price movement near levels, and provides a signal when the price breaks through a level. The Trend Forecaster indicator is suitable for all financial assets, including currencies (Forex), metals, stocks, indices, and cryptocurrencies. You can also adjust the indicator to work on any time frames, although it is recommen
    89 USD
    TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
    168 USD
    A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. It predicts a bullish-to-bearish trend reversal and is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that a trend is nearing its end.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Clear trading signals Customiza
    75 USD
    This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It detects 19 different harmonic price formations It plots primary, derived and complementary Fibonacci p
    299 USD
    Quantum Trend Sniper
    Bogdan Ion Puscasu
    5 (11)
    Introducing   Quantum Trend Sniper Indicator , the groundbreaking MQL5 Indicator that's transforming the way you identify and trade trend reversals! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Trend Sniper Indicator   is designed to propel your trading journey to new heights with its innovative way of identifying trend reversals with extremely high accuracy. ***Buy Quantum Trend Sniper Indicator and you could get Quantum Breakout Indicator fo
    99.99 USD
    This indicator provides the ability to recognize the SMC pattern, essentially a condensed version of the Wyckoff model. Once the pattern is confirmed by RTO, it represents a significant investment opportunity.  There are numerous indicators related to SMC beyond the market, but this is the first indicator to leverage patterns to identify specific actions of BigBoy to  navigate the market. The SMC (Smart Money Concept) pattern is a market analysis method used to understand the behavior of "smart
    79 USD
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    Propsense
    Fahim Miah
    5 (6)
    Welcome to Propsense, the best solution for new and veteran traders with a simple FREE strategy! This indicator is a unique and affordable trading tool built on the teachings of a former bank trader. With this tool, you will be able to see inefficient points with ease. As well as this, traders will have an interactive display panel which will show your running and closed P/L in pips AND currency units. It also allows you to set your desired daily target/loss limit!  IMPORTANT INFORMATION Maxim
    50 USD
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    LJI2000Trader
    19
    LJI2000Trader 2023.11.02 22:42 
     

    Great bit of kit, makes it’s a whole lot easier and marks up for you

    José Fábio RP
    125
    José Fábio RP 2023.10.30 23:14 
     

    This is a great indicator. If the author can please add the alerts/notifications, as did with MT4 version, will be awesome. Thank you!

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