TakePropips Stochastic Crossover
TakePropips Stochastic Crossover is a powerful and effective tool that automatically detects trading opportunities using the Stochastic Overbought/Oversold Crossover Strategy and also provide you an entry and exit signals.
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!
Automated Entry and Exit Signals - detects buy & sell opportunities on multiple pairs and timeframes.
Stop Loss & Take Profit - for every signal generated, the indicator provides you up to 3 take profit level and also a stop loss.
Trend Scanner - the indicator will scan any pairs and timeframes for trading signals and gives you alerts when opportunity arises. The scanner also makes it easier at a glance to see what the current trend of a specific pair.
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.
Multi-Timeframe Analysis - the scanner allows you to easily identify the trend direction of any pairs and also take advantage of multi-timeframe analysis to increase your probability of success. This allows you to enter trades only when the higher timeframe is in the same trend direction as your entry timeframe.
Risk/reward ratio - you can setup the indicator to automatically calculate your take profit & stop loss level based on a specified risk/reward ratio.
Historical Performance - the indicator shows the historical performance of the indicator for each pair and timeframe so you know exactly which combination works best.
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
This indicator works on any forex pairs, indices, crypto and commodities like Gold.
Scalpers, intra-day traders, and swing traders can use the signals from this indicator.
Stochastic Crossover Filter - sets the settings of the Stochastic indicator.
Take Profit & Stop Loss - you can modify the method in which the take profit and stop loss are calculated. You can choose to set a specific risk/reward ratio or a multiplier based on ATR to set the values for TP & SL.
Symbols & Timeframes - add the pairs and timeframes you want the indicator to scan for trading signals.
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 have any questions, please don't hesitate to contact me at firstname.lastname@example.org or via a private message & I will be glad to help!