Dynamic Take Profit

  • Indicators
  • Rene Schulthess
    Rene Schulthess

    Rene Schulthess

    Electronic engineer with a weakness for trading. It's hard to find reliable EA's on the Market, so I started to learn programming MQL 4 myself. Developing now own products. Check it out and comment.
  • Version: 1.4
  • Updated: 7 October 2020
  • Activations: 5

you are in a trade making profit... should you take profit now or wait...?

This easy to use Dynamic Take Profit Indicator helps you to decide when to get out of a winning trade.

Or you can supervise or overrule any EA when to close an open order when manual trading, or read out the buffers[1][2]to integrate in an Expert!

As soon as the price crosses the yellow line, price direction should reverse soon and orders should be closed.
The band is dynamic and changing with every new candle as it is based on polynomial regression, so it has to be repainting by design (the screenshots are static, curvature has already changed)

 Please have a look at my HEISHI Expert Advisor    https://www.mql5.com/en/market/product/55794

Thanks for a good rating or comment if you find Dynamic Take Profit useful. Just try it!


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Rene Schulthess
Experts
***        10 years profitable backtest on EURUSD (Jan 2010 - Jan 2020)    ***    ***        10 years profitable backtest on GBPUSD (Jan 2010 - Jan 2020)    ***   Just try it, in use by myself! USE ON 5 DIGIT BROKERS (1.12345)            5 MIN FRAME ONLY DEFAULT SETTINGS ARE  READY FOR USE            DESIGNED FOR   EURUSD GBPUSD others possible see backtests    The EA calculates promising entry points according a carefully developed algorithm, based on moving averages and many other factors
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fenix trading
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fenix trading 2023.02.23 20:18 
 

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topline8000
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topline8000 2022.05.03 12:00 
 

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Timothy Daly
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Timothy Daly 2020.10.08 12:35 
 

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