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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

Reviews 1
Peter
1114
Peter 2017.08.01 18:08 
 

Great indicator and excellent support!

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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
Price Action Sniper
Price Action Sniper
Elmira Memish
Price Action Sniper is designed to trade the Price Action on the desired chart time frame. - Trend Reversals. - Trend Continuation. - Brekaouts. - Good tool for Binary Options Price action forms the basis for all technical analysis of a currency pair, commodity or other asset chart. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses
400 USD
PZ Harmonacci Patterns
PZ Harmonacci Patterns
PZ TRADING SLU
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 pro
299 USD
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
300 USD
Harmonic Magic
Harmonic Magic
Arief
This is a  unique , simple and elegant indicator, combination  between Elliott Wave, Harmonic Patterns, Fibonacci Pivot Points, Quarters Points and Average Daily Range, the key to success in your trading. Will be very useful for those of you who trade using the Fibonacci principle as your measuring the market movement This tool is also very easy to counting the  Elliott Wave using chaos theory  strategy, the book from  Bill Williams : Trading Chaos: Applying Expert Techniques to Maximize Your Pr
299 USD
Matrix Failure Simple Signals
Matrix Failure Simple Signals
Przemyslaw Szwed
About... This is a binary options indicators, works on M5 charts MT4 platforms. Expiry is always 5 minutes. Works on most of pairs. Has a optimilzated settings for each of pair. Need only aply indicator on chart and settings will be applied automatically. Trading hours are only on closed market at 4pm London time. For example if your broker has a time +2 GMT please set trading hours from 18.00 to 18.05. How it works? This product will make your trading very simple. It's take only few minute
5 000 USD
Daily Trend Scalper
Daily Trend Scalper
Remi Passanello
Daily Trend Scalper (DTS) This indicator is part of the   RPTrade Pro Solutions  systems. DTS  is a daily trend indicator using Price Action, Dynamic Support and Resistances. It's designed to be used by anyone, even the absolute beginner in trading can use it. NEVER repaints . Indications are given   from close to close . Designed to   be used alone , no other indicators are required. Gives you the trend and potential Take Profit at the beginning of the day. How does it work DTS   is using a
2 500 USD
Clever Order Blocks
Clever Order Blocks
Carlos Forero
Description Very precise patterns to detect: entry signals as well as breakout, support and resistance reversal patterns. It points out zones in which, with a high probability, institutional orders with the potential to change the price’s direction and keep moving towards it, have been placed.   Here you can access our discord community for more information about our tools and benefits. KEY LINKS:   Indicator Manual   –   How to Install   -  Discord Server   –  Frequent Questions  -  All Product
290 USD
Proinsta78
Proinsta78
Mikhail Bilan
Good afternoon friends! At the request of buyers, now when conditions for buying or selling are met, the indicator will send an alert and push notifications. Push notifications come to the phone, provided that you have the MQL application installed. You just need to enter your MetaQuoteID in the application. You can find it in the MT4 platform in the Service - Settings - Notifications section. I showed the conditions for the signal in the form of screenshots in the section screenshots 1-2 pho
30 000 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
450 USD
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Prometheus Smart Money
Prometheus Smart Money
Philip Muga
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
Centaurus Trend Engine
Philip Muga
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
50 USD
Primus Smart Money
Primus Smart Money
Philip Muga
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
50 USD
Primus Trading Engine
Primus Trading Engine
Philip Muga
Primus Trading Engine is a trading system that combines price action,ratio based indicators & custom indicators to create this leading indicator with a multi-timeframe approach to give you high probability trade setups for forex,CFD cash/futures,metals & binary option to assist in making predictions on what is MOST likely to happen in the market Main Chart Features Price Action Signal-Arrow displayed on a specific bar;NOT buy/sell arrow;DOES NOT repaint;Bullish arrow on a bullish bar,price is l
1 500 USD
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 buy | sell entry zone as well
3 000 USD
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Peter
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Peter 2017.08.01 18:08 
 

Great indicator and excellent support!

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Version 1.1 2019.02.07
Added Entry, Stop Loss & Take Profit Levels