PipFinite Trend Laser
- Indicators
- Karlo Wilson Vendiola
- Version: 8.0
- Updated: 19 November 2021
- Activations: 5
The Pioneer Of Trend Detection!
A Powerful Indicator That Avoids Whipsaws And Uncertain Market Noise.
Functions mainly as a filter to help you trade in the direction of the trend. It works in any pair or timeframe.
Features
Advanced trend detection software using complex algorithms that can be used as the supporting tool or system.
- Unique trend detection that avoids whipsaws and uncertain market noise
- Analyzes statistics of maximum profits and calculates possible targets for the next signal
- Flexible tool, can be used in many ways to improve a trading system
- Trend Filter
- Additional filter for existing systems
- Use Period = 4 to 10
- Entry Point
- Entering a trade from a confirmed system
- Use Period = 2 to 3
- Exit Strategy
- Exit will depend on traders discretion according to his/her strategy
- Support/Resistance Areas
- Reversal signals from price action patterns
- Statistical data
- Exit trades once profit reaches the "Average Profit"
- Partially close trades when profit reaches the "Minimum Move"
- We can use Exit Scope as alternate exit strategy
- Multi Timeframe
- Higher and lower timeframe directions are the same:
- Buy trend laser signals on H1 if H4 is uptrend
- Sell trend laser signals on M15 if H1 is downtrend
- Color schemes for light and dark charts
- Never repaints
- Never backpaints
- Never recalculates
- Signals strictly on the "Close of the bar"
- Compatible with Expert Advisor development
Video References
Please Watch in High-Definition to further understand
- Average Profit Explained (Click Here)
- How to Use Success Rate Filter (Click Here)
- How to Use as Trend Filter (Click Here)
- How to Use as Entry Signal (Click Here)
- Multi Timeframe Approach (Click Here)
Statistics
- Overall Trades - The total number of past signals.
- Profitable Trades - The total number of past profitable signals. It is counted by a signal that turned into profit at some point and does not include exit strategy
- Success Rate - Percentage(%) of past profitable signals. An important filter to scan better performing instruments
- Best Profit - Is the highest max profit recorded
- Average Profit - Value that predicts the possible max profit of next signal
- Minimum Move - Average of past signals lower than the average profit value. Can be used as Minimum TakeProfit or Exit target for scalping
Application
If we have 4 Past Signals
- Signal 1 made 5Pips Max Profit
- Signal 2 made 20Pips Max Profit
- Signal 3 made 8Pips Max Profit
- Signal 4 made 15Pips Max Profit
Average Profit = (Signal 1 + Signal 2 + Signal 3 + Signal 4)/4 = (5+20+8+15)/4 = 12Pips
- Signal 5 is expected to reach 12Pips Maximum
- Average Profit Value can be used Takeprofit or Exit Strategy Value.
Success Rate - Can be used to locate better trending markets
- Example 1
- If a pair has Success Rate Lower than 85%. We can skip trading this pair and look for other pairs with higher success rate
- Example 2
- EURUSD H1 Success Rate is 86% while AUDUSD H1 Success Rate is 92%. A wise decision is to pick AUDUSD signals
Excellent