• Overview
  • Reviews (8)
  • Comments (1)

PipFinite Reversal PRO MT5

Discover the next generation reversal indicator built for experienced traders.

Reversal trading often requires advanced skills to be able to make good trading decisions.

Reversal Pro simplifies the decision making process by detecting reversals using a range breakout strategy then confirm signals on support/resistance levels.

The combination of Price Action, Location and Statistics increases the probability of a reversal.


Must-read information

For user manual, please visit www.mql5.com/en/blogs/post/716077

Try the demo version and explore its features, it would be a useful tool added to your trading arsenal.


Advantages You Get

  • Simplified and effective reversal detection.
  • Gives entry signals, exit strategy, stop loss and take profit levels.
  • Reliable statistics following the criteria above.
  • Never repaints, never backpaints, never recalculates.
  • Signals strictly on the "Close of the bar".
  • Works in all symbols and all timeframes.
  • Integrated pop-up, email, push notification and sound alerts.
  • Fully compatible with Expert Advisor (EA) development.


How To Trade

The simplified 5 step strategy. No complicated rules.

Step 1: Trade Setup

  • Statistics Success Rate is at least 60% (Statistics Success Rate ≥ 60%).

Step 2: Check Support/Resistance Levels

  • For Buy Signal: Price is NOT near resistance (Blue Line).
  • For Sell Signal: Price is NOT near support (Red Line).

Step 3: Set Stop Loss

  • You can use the Stop loss calculated by the indicator.

Step 4: Set Take Profit

  • Option 1: Take profit on TP1.
  • Option 2: Partial take profit on TP1 and close remaining position on TP2.
  • Option 3: Take profit on support/resistance levels.
    • For Buy Signal: Take profit on resistance (Blue Line).
    • For Sell Signal: Take profit on support (Red Line).

Step 5: Exit Strategy

  • If SL or TP levels are not reached, exit trade on a new signal.


Statistics Calculation

Win Condition

  • TP1 Hit - when a signal reaches at least TP1.
  • EXIT Win - when a trade is closed on an new signal and resulted to a positive profit.

Loss Condition

  • SL Hit - when a signal reaches Stop Loss.
  • Exit Loss - when trade is closed on a new signal and resulted to a negative profit.

Success Rate

  • Percentage of signals which qualified for win condition.
  • Used as reference to find better pairs and timeframes.


Parameters

  • Signal Period - the number of bars used to calculate the signal.
    • Signal Period - 4 to 5 for general trading.
    • Signal Period - 3 for scalping.
  • Zone Period - the number of bars used to calculate dynamic Support/Resistance Levels.
    • Zone Period - 7 to 10 for general trading.
    • Zone Period - 5 for scalping.
  • Zone Deviation - the factor used to determine the distance of Support/Resistance Levels relative to price.
    • Zone Deviation - 1.00 to 1.50 for general trading.
    • Zone Deviation - 0.50 to 0.80 for scalping.
  • Stop Loss Selection - the stop loss strategy applied.
    • S/R Only - stop loss will be based on dynamic support and resistance levels.
    • Range Only - stop loss will be based on range levels.
    • Automatic - the indicator will select the higher value from "S/R" or "Range" as stop loss.
  • Stop Loss Offset - the additional stop loss in points.
    • Example: 20 points = 2 pips, 200 points = 20 pips.
    • You can increase this value to add extra buffer for stop loss.
    • As a general guideline, you can use higher values on higher timeframes.
  • Take Profit Factor - the multiplier used to calculate take profit levels.
    • Take Profit Factor - 2.00 to 3.00 for general trading.
    • Take Profit Factor - 1.00 to 1.50 for scalping.
    • Increasing this value will give more take profit but decreases success rate.
    • Decreasing this value will gives less profit but increases success rate.
  • Maximum History Bars - maximum number of bars used.
  • Misc Parameters - controls the universal visibility of objects & buffers.
  • Display Parameters - controls the visibility of objects drawn on chart.
  • Graphics Parameters - controls the appearance and colors of drawn objects on chart.
  • Dashboard Parameters - controls the visibility and colors of statistics found on chart.
  • Alert Parameters - controls the alert options enabled.


Our Team

Offers solutions to different trading styles.

Be a part of our community and benefit from the services we offer on www.mql5.com/en/users/mthessdc

John Gathigia
111
John Gathigia 2018.06.28 19:00 
 

This was my next Indicator from PipFinite after having impressive success with PipFinite TrendPro and as usual it is delivering :-)

zorrodog111
24
zorrodog111 2018.06.21 20:31 
 

User didn't leave any comment to the rating

Gpc Tor
23
Gpc Tor 2018.06.20 08:18 
 

the best indicator, I am hard to wear and this is very good

DJ Traffic
109
DJ Traffic 2018.05.17 22:35 
 

Great product and easy to use - Thank you!

Brian Smith
789
Brian Smith 2018.05.10 01:16 
 

Finally the Perfect reversal system. Much Needed Karlo. I took a large risk before having this indicator and drew my signal account down by 85% because of my impatience. I am happy to report the gradual rebuild of my trading signal with the help of this reversal pro indicator!

ЁША
38
ЁША 2018.03.23 20:25 
 

Good job , Karlo!

Memon
1620
Memon 2018.03.13 16:07 
 

Testing it currently but looks promising

zosso
58
zosso 2018.03.07 13:33 
 

User didn't leave any comment to the rating