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TakePropips Donchian Trend Pro MT5

4

NOTE: TakePropips Donchian Trend Pro is only sold here at MQL5 and on our official website. If you see it on other websites, it is FAKE and the performance is not similar! Support and updates will not be provided on those who purchased or received the fake indicator on pirated websites.

Please DO NOT use the indicator if its using the older version 1.20 as it does not accurately detect the trend. The current version is 2.70 which already fixes this issue and added more functionalities to the indicator.

TakePropips Donchian Trend Pro is a powerful and effective tool that automatically detects the direction of the trend and provide you an entry and exit signals. 

This multi-function indicator includes the   Donchian Channel  , Statistical Dashboard Panel, and a Trend-Detection Scanner. It is designed to provide you trading signals and save you hours analyzing the charts!

Main Features:

  • Automated Entry and Exit Signals - detects buy & sell opportunities and provides you with up to 3 take profits and a stop loss.
  • Trend Scanner - a multi-symbol and multi-timeframe scanner shows the direction of the trend, success rate, and an overall rating. The scanner works with all symbols & timeframes.
  • Statistical Dashboard Panel - shows the   entry price, take profit, stop loss,   success rate, and   total profit/loss of each currency pair so you know exactly the result .
  • Alerts, Email, and Push notifications - receive notifications when a new buy or sell signals are identified so you never miss another trading opportunity.
  • Customizable, non-repainting, no backpaints - easily customize the color and the layout of the scanner. The indicator never repaints or backpaints. 
  • Can be used for scalping, intra day trading, and swing trading
  • iCustom integration is available for Expert Advisors to automate the trading signals


How to setup a trade?

Make your trading much simpler with this 3 simple steps!

1. Trade Analysis

  • Enter a trade if success rate is 70% or greater and the profit shows positive

2. Take Profit

  • Option 1 - Take profit on TP1
  • Option 2 - Partial Take Profit on TP1 and close remaining positions on TP2 and/or TP3
  • Option 3 - Take Profit on opposite signal and ride the trend

3. Stop Loss

  • Option 1 - set your fixed stop loss level based on provided SL value in the dashboard panel
  • Option 2 - exit your buy position on a new sell signal and exit your sell position on a new buy signal

Indicator Parameters

Donchian Trend Filter - sets the period of the Donchian Channel and the total no. of bars to calculate.

Take Profit & Stop Loss - ability to modify the multiplier of take profit and stop loss. Higher multiplier might result in a lower success rate (recommended is 1.0). You can also disable TP2 and TP3 if you prefer just one take profit and also disable stop loss if you prefer to ride the trend.

Symbols & Timeframes - add the symbols and timeframes you want the scanner to show.

Dashboard Scanner Style - change the layout and color of objects in the scanner.

Chart Style - change the colors and visibility of objects drawn in chart.

Alert Notification - receive alerts via email, mobile push notifications or MetaTrader alerts window when a new buy or sell signals are identified.

If you need MT4 version, you can get it here

If you have any questions, please don't hesitate to contact me at info@takepropips.com or via a private message & I will be glad to help!

Thank you & happy trading!


Reviews 2
VLPR
24
VLPR 2021.03.04 22:26 
 

Excelente, solo que me fije que cuando hay un cambio brusco de alza se marea y no cambia la estrategia... pero lo demas todos bien.

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TakePropips Donchian Trend Pro
Eric John Pajarillaga Aldana
4.25 (4)
NOTE: TakePropips Donchian Trend Pro is only sold here at MQL5 and on our official website. If you see it on other websites, it is FAKE and the performance is not similar! Support and updates will not be provided on those who purchased or received the fake indicator on pirated websites. You can message me after purchase to receive the user manual PDF for this indicator. TakePropips Donchian Trend Pro  is a powerful and effective tool that automatically detects the direction of the trend and pro
97 USD
TakePropips Bollinger Bands Triple Strategy Pro is a simple, powerful, and effective solution for trading   breakouts,   reversals, and trend following!  This multi-function indicator includes a     Statistical Dashboard Panel and a Trend-Detection Scanner.  It is designed to provide you trading signals and save you hours analyzing the charts! Main Features: Automated Entry and Exit Signals   - detects buy & sell opportunities and provides you with up to 3 take profits and a stop loss. Trend S
98 USD
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Sasanmoshar
21
Sasanmoshar 2022.07.06 17:56 
 

II bought this for $98. You cannot trade with the indicator. It comes much too late or wrong signals. The functions also have other indicators that are free. Only the layout looks good. The signals can quickly bring your account to zero. I find it a flat invistition.

Update #1

why fake rating? I paid for it and tried it. The signals are not reliable. You must also accept negative opinions. Improve your indicator. Instead of writing nonsense.

#Update 2

Accept other opinions too. You notice when you drive a bad car. The indicator is the same. Trends come much too late or you buy and sell recommendations are not right. There are also a few right ones. I've tried enough. I think it's a bad buy. No matter what you try to write. Fact is a bad buy. Thanks anyway.

Eric John Pajarillaga Aldana
3598
Reply from developer Eric John Pajarillaga Aldana 2022.07.06 21:23
You've messaged me that you purchased this indicator a day ago so you've only been using this indicator for only the past day. How can you post a review of a product when you have been using it for only a day!? Also, I never got any message from you asking for help regarding the use of this indicator or even asked for a user manual. Message me first if you need any help regarding the use of this indicator. Update #1: So you've had a chance to use it for only 2 days max and you already post a negative review? Your review does not make any sense since a proper evaluation can take a few weeks or even months. If you have any questions on how to properly use this indicator especially since you only had a mere 2 days to use it, then you need to contact the seller first before you write any nonsense here.
VLPR
24
VLPR 2021.03.04 22:26 
 

Excelente, solo que me fije que cuando hay un cambio brusco de alza se marea y no cambia la estrategia... pero lo demas todos bien.

Reply to review
Version 3.0 2022.01.31
Added new currency presets setting.
Added Take Profit 2 and Take Profit 3 values to trading signal alerts.
Added new setting to show the age of the last trading signal on the dashboard scanner.
Added ability to turn on/off trading signal alerts for specific timeframe(s).
Fixed incorrect stop loss value on trading signals alerts.
Added new setting to change font size of the dashboard panel.
Added setting to automatically load chart template.
Improved performance and overall responsiveness of the dashboard scanner.
Version 2.70 2021.08.03
Added ability to automatically calculate TP based on risk/reward ratio
Added ability to calculate SL using the Donchian Channels Bands
Modified TP & SL Multipliers default values to reflect ATR
Added alerts filter for success rate
Performance improvements and code optimization
Version 1.30 2021.03.03
Added features to change layout and style
Optimize alert system

Version 1.20 2021.01.19
Code optimization and bug fixes
Version 1.10 2021.01.15
Code enhancements for faster performance