• Overview
  • Reviews (4)
  • Comments (8)
  • What's new

First Signal Pro

First Signal Pro is a simple yet powerful tool that helps find the first pullback after the trend change. Entering into a trader on first pullback has low risk and provides higher risk:reward ratio. This is by-far one of the best trading strategies known in the market and used by many successful traders and fund managers. You can also customize this indicator and enable "All Signals" to trade the ranging market. This shows that First Signal Pro works in trending as well as non-trending markets. First Signal Pro is not just an indicator, but a trading strategy itself. Following this strategy with discipline can be highly rewarding.

Check out how powerful this indicator is! [Video below]

If you wish to receive email updates, you can subscribe here.

Why use First Signal Pro?

  • Simple and easy to use.
  • Great for novice traders as well as experienced traders.
  • Low risk entries.
  • Good risk:reward ratio
  • Doesn't repaints.
  • Works in both trending and non trending markets.
  • No additional Indicator is needed except discipline.
  • Any additional indicator or EA created based on First Signal Pro will be provided for FREE.
  • Commitment to provide lifelong updates and supports to all owners of First Signal Pro.
  • Popup Alerts, Push Notification and Email alerts.
  • Can be integrated in Expert Advisors.

How to use First Signal Pro?

If you are a visual learner,you can skip reading content below and watch the video demonstration.

First Signal Pro is very straightforward to use. The trend is calculated based on Moving Averages.  The arrows are calculated based on Oscillators.

Here is the list of currently supported Averages :
  • SMA (Simple Moving Average)
  • EMA(Exponential Moving Average)
  • SMMA (Smoothed Moving Average)
  • LWMA (Linear-weighted Moving Average)


Here is the list of currently supported Oscillators.

  • RSI  (Relative Strength Index)
  • Stochastic
  • CCI ( Commodity Channel Index)
  • RVI (Relative Vigor Index)

*More different types of Averages and Oscillators will be added over time.

You can choose to decide to display the trend in the form of "Candles","Lines", "Cloud" or their combinations, "Candles & Lines" or "Clouds & Candles". In trending market, buy when the up arrow appears, sell when the down arrow appears. The stop-loss can be your recent low (when buying) or recent high (when selling).

In Non-trending Market, you might need to adjust and test your parameters for the oscillator you will use for arrows. Set "ShowArrowsOn" to "All Signals" to display all arrows. Buy when you see an up arrow, Sell when you see a down arrow. The stop-loss can be your recent low (when buying) or recent high (when selling).  You can also disable the visualization of the trend by setting "trendDisplay" to "None" in input options. Trading non-trending market is much riskier. The market can be very volatile. Its best to avoid trading in such market conditions.

If you have done your fundamental research well, and wish to accumulate the securities or currency on each dip or trade only in one direction. You can set  "ShowArrowsOn" to "Trend Based Signals" and buy when signal appears.

Do avoid trading during news events as markets can move heavy in any direction regardless of what technical indicators say!


To know learn more about indicator parameters, please visit here : https://www.mql5.com/en/blogs/post/738759

Thank you. Please contact me if you have any doubts or need support.
Reviews 4
Issara Seeboonrueang
406
Issara Seeboonrueang 2020.09.14 04:21 
 

It's a good strategy Make my trading system better and also have good service.

Aravind
7059
Aravind 2020.08.26 15:41 
 

Very good. I prefer to have scanner for oppurtunities across all pairs and timeframes rather than EA. Thank you.

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Limitless MT4 is a universal indicator suitable for every beginner and experienced trader. works on all currency pairs, cryptocurrencies, raw stocks Limitless MT4 - already configured and does not require additional configuration And now the main thing Why Limitless MT4? 1 complete lack of redrawing 2 two years of testing by the best specialists in trading 3 the accuracy of correct signals exceeds 80% 4 performed well in trading during news releases Trading rules 1 buy signa
1 399 USD
FXTraderariel Hedgefund Indicator
FXTraderariel Hedgefund Indicator
Ariel Capja
This is the  FXTraderariel Hedgefond Indicator - the best indicator we ever created.  It shows different levels which are also used by institutional traders. The indicators shows potential Take Profit Targets. Depending on the settings and trading style, it can be used for  scalping  or  long-term trading . The indicator can be used on every  time frame , but we advise to use it on  , H4 and D1 . Especially if you are a novice trader.  Pro Traders  can also you use it for scalping in smaller tim
500 USD
Pattern Trader No Repaint
Pattern Trader No Repaint
Elmira Memish
Pattern Trader No Repaint Indicator MT5 Version of the indicator:  https://www.mql5.com/en/market/product/57462 I ndicator searches for 123 Pattern, 1234 Pattern, Double Top, Double Bottom Patterns , Head and Shoulders, Inverse Head and Shoulders and ZigZag 1.618 Pattern. Pattern Trader indicator uses Zig Zag Indicator and Improved Fractals to determine the patterns. Targets and Stop Loss Levels are defined by Fibonacci calculations. Those levels must be taken as a recommendation. The trad
220 USD
Trend Blaster Multi Timeframe Signal System
Trend Blaster Multi Timeframe Signal System
STOCKMANIACS RESEARCH & SYSTEMS PVT LTD
Trend Blaster Trading System (TBTS) MT4 indicator is a volatility based trailing stop loss indicator for MetaTrader 4 platform with multi-timeframe (MTF) dashboard and Target lines. It gives highly accurate entry and exit signals with targets and stop loss commentary on screen. The multi-timeframe dashboard allows you to take entry only in the direction of other timeframes. How does it work? The trading system (MT4 indicator) comprises of entry and exit signals with an arrow telling you when t
249.95 USD
Proinsta78
Proinsta78
Mikhail Bilan
Dear fellow traders, it makes no sense to install a demo version for the tester. It was planned. You will not see the tick history and profit or loss. The tester will not take this indicator. No doubt . The points show a strong direction of movement. It does not work on the machine, you need to manually open the transaction and close.Profit see for yourself on the items I think in the screenshot will understand. I close after every 150-200 points. Subscription to the indicator can be specified s
30 000 USD
PZ Harmonacci Patterns
PZ Harmonacci Patterns
Arturo Lopez Perez
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
Fractal Pattern Scanner MT4
Fractal Pattern Scanner MT4
Young Ho Seo
Breakout Trading and Reversal Trading Fractal Pattern Scanner will do the complicated calculation at background. However, it provides simple trading operation. The Mother Wave pattern will provide you breakout trading opportunity. When the price crosses the breakout line, there is a good chance to catch profit from this breakout. The good thing is that it also provides the potential reversal price level as soon as the breakout pattern is detected. In summary, you use breakout for the first prof
220 USD
Gartley Projection D
Gartley Projection D
Oleksandr Medviediev
The indicator identifies the harmonic patterns (XABCD) according to developments of H.M.Gartley ( "Profits in the Stock Market" , 1935г). It projects D-point as a point in the perspective projection (specify ProjectionD_Mode = true in the settings). Does not redraw. When a bar of the working timeframe closes, if the identified pattern point has not moved during Patterns_Fractal_Bars bars, an arrow appears on the chart (in the direction of the expected price movement). From this moment on, the ar
300 USD
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Issara Seeboonrueang
406
Issara Seeboonrueang 2020.09.14 04:21 
 

It's a good strategy Make my trading system better and also have good service.

Aravind
7059
Aravind 2020.08.26 15:41 
 

Very good. I prefer to have scanner for oppurtunities across all pairs and timeframes rather than EA. Thank you.

Jake huang
31
Jake huang 2020.08.12 15:56 
 

User didn't leave any comment to the rating

aric joseph
23
aric joseph 2020.08.16 09:06 
 

User didn't leave any comment to the rating

Reply to review
Version 1.3 2020.08.12
-parameters changed
Version 1.1 2020.08.12
-Critical bug fixed.