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Prometheus Trade Engine MT4

250 USD

Demo downloaded: 2

Published: 26 January 2023

Current version: 1.0

Prometheus Trade Engine MT4

Indicators
Philip Muga
Version: 1.0
Activations: 10

Prometheus Trade Engine is an indicator that combines price action, ratio based indicator with custom indicators& other lagging indicators to create this leading indicator that has a multi-timeframe approach to trading so that you are able to see what other timeframes are doing all in one chart and give you high probability trade setups to assist you to make a prediction on what is MOST likely to happen in the market going foward

Chart Features

1. Reversal Zone

It is the rectangular box on your chart which is based on a close approximation to 50% & 61.8% fibonacci retracement levels over the high-low period of 100 bars.
By default, Blue rectangle is set to indicate that you are temporarily on a LONG trend with 50% above & 61.8% below;
Red rectangle is set to indicate that you are temporarily on a SHORT trend with 61.8% above & 50% below. It is drawn automatically so when the trend changes the tool redraws it automatically depending on your timeframe of choice.
It gives you a level where bulls and bears battle it out on who will dominate future price moves
When the Reversal Zone holds then price will bounce off that zone but when the Reveral Zone is breached it gives you a[leading]indication ahead of time that the current trend is MOST likely about to change so adjust your trading rational appropriately
When there is NO retracement level available then there will be NO Reversal Zone thus NO Price Move, so you stay out of the market

2. Price Action Signal

It is the arrow displayed on a specific candle. These arrows are NOT buy/sell arrows but rather price action signals.
It can be reversal signals or trend continuation signals, this will depend on where it appears on your chart. They DO NOT repaint
Scenarion I: If you have a bullish arrow on a bullish candle then price is most likely going to shoot LONG;If its a bearish arrow on a bearish candle then price is most likely going to collapse SHORT.
Scenarion II: If its a bullish arrow on a bearish candle then price is most likely going to move LONG momentarily before collapsing SHORT;If its a bearish arrow on a bullish candle the price is most likely going to move SHORT momentarily before shooting LONG
DO NOT rely only on these signals but use them together with the other indicators to increase your probability for some signals will undoubtedly fail but if you use them with the rest of the indicators then you have an edge;
You can even use a failed signal to your advantage

3. Price Move - It is based on where price is relative to the reversal zone; Above = bullish moves; Below = bearish moves

4. Daily Move - It is based on where price is relative to the daily open

5. Daily Index - It is based on current price relative to the open-high-low-close price of the daily candle; scale is 0 to 100 [0 = daily open & 100 = new high or new low]
The higher the value the further the price is to the open; The lower the value the closer price is to the open

6. Analysis

Trend Strength - Displays the overall strength of the trend; Scale is 50 to 100 [50 = weak & 100 = strong]
Asset Strength - Displays the strength of the asset; Scale is 0 to 9 [0 = weak & 9 = strong]
Strength Index [RSI] - Displays the RSI level
MACD - Displays whether the MACD is above or below zero

7. Average [Moving Average] - Displays a multi time frame approach of where price is relative to the set moving average above or below

8. Momentum - Displays set momentum bullish or bearish across each time frame

9. Direction [ADX] - Displays set average directional movement index bullish or bearish across each timeframe

10. Market Sentiment - Displays the traders choice of market direction call or put

Parameters

Period Settings

Average Period - Set period for Moving Average, default set to 50 [Recommended]
Momentum Period - Set period for Momentum, default set to 14 [Recommended]
Direction Period - Set period for ADX, default set to 14 [Recommended]
Stength Index Period - Set period for RSI, default set to 14 [Recommended]
Reversal Zone Alert - Set alert screen pop-up message, default set to TRUE [Optional]

Color Settings

Symbol Color - Set color symbol on your chart, set to [Black 40,40,40] for Blackboards [Default] & DarkGray for Whiteboards [Recommended]
Panel Color - Set color for the right hand panel, set to White for Blackboards [Default] & DarkGray for Whiteboards [Recommended]
Value Color - Set color for values on the Analysis Section, set to Black for Blackboards [Default] & White for Whiteboards [Recommended]
Bullish Color - Set color for bullish indicator move, set to DodgerBlue for Blackboards [Default] & Green for Whiteboards [Recommended]
Bearish Color - Set color for bearish indicator move, default set to Red for Blackboards & Whiteboards
Flat Color - Set color for flat indicator move, set to Yellow for Blackboards [Default] & Gold for Whiteboards [Recommended]
ReversalZoneLong Color - Set color for LONG Reversal Zone, set to Blue for Blackboards [Default] & Green for Whiteboards [Recommended]
ReversalZoneShort Color - Set color for SHORT Reversal Zone, default set to Red for Blackboards & Whiteboards
Timeframe Color - Set color of current chart timeframe, default set to Magenta for Blackboards & Whiteboards

Trade Setups

1. Reversal Bounce

Take a Reversal Bounce trade when price has bounced off the SHORT/LONG Reversal Zone based on HIGH PROBABILITY CONFLUENCE from Prometheus Trade Engine &
price action signal. Price MUST close INSIDE/BELOW the SHORT reversal zone for a PUT OR INSIDE/ABOVE the LONG reversal zone for a CALL.The closer the price
is to the Reversal Zone the better the entry

2. Reversal Breach

Take a Reversal Breach trade when price has breached through the SHORT/LONG Reversal Zone based on HIGH PROBABILITY CONFLUENCE from Prometheus Trade Engine &
price action signal. Price MUST close INSIDE/ABOVE the SHORT reversal zone for a CALL OR INSIDE/BELOW the LONG reversal zone for a PUT.The closer the price
is to the Reversal Zone the better the entry

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Swing fusion Swing fusion is tool for market turning points and high/low trading method.Please use your own profit booking system tops /bottom signals always not able to stop and reverse trading some time only sell on every top not given buy arrow some only buy not given sell arrow. Good results on any time frame any market symbol please back test first choose best time frame for your trading..100% non repainted arrows came on candle close. Note :- First observe best time frame to trade and s

266 USD

BPS Panel Breakout Pro Scalper Solution Panel This indicator is part of the RPTrade Pro Solutions systems. BPS Panel is a daily trend indicator using Price Action, Dynamic Support and Resistances. It's designed to be used by anyone, even the absolute beginner in trading can use it. NEVER repaints . Indications are given from close to close . Designed to be used alone , no other indicators are required. Gives you the trend and potential Take Profit at the beginning of the day. How

1 300 USD

Prometheus Smart Money is an indicator that combines both price & volume with calculations based on other custom indicators, smart volume and retail volume to create this leading indicator that gives you high probability moves to help you make a decision on what is MOST likely to happen in the market going forward Advantages You can use it in ALL financial markets including binary options on ALL asset classes or instruments. You can use it as a stand alone indicator or as a confirmation tool wit

100 USD

Centaurus Trend Engine is an indicator that uses custom indicators to give the current momentum moves of the market with a multi-timeframe approach to trading Features Value Area -It is the (red/green) rectangular box on your chart based on the dynamic structure period set;Green to indicate you focus on LONG moves & Red for SHORT moves Analysis - Displays The Market Analysis Strength - Displays The Market Strength Trend - Displays The Market Trend Entry State - Displays the BEST entry time for t

50 USD

Primus Smart Money is an indicator that shows the average of bulls and bears on an asset. Used as a confirmation indicator for bullish and bearish control to assist in predicting future price moves Advantages Used in ALL financial markets including binary options on ALL asset classes or instruments. To be used as a confirmation tool with other indicators Parameters Period - default set to 9 (Recommended) Entry requirements Focus on the clusters on the indicator - the height or depth of the bars

35 USD

Primus Trading Engine is a trading system that combines price action,ratio based indicators & custom indicators to create this leading indicator with a multi-timeframe approach to give you high probability trade setups for forex,CFD cash/futures,metals & binary option to assist in making predictions on what is MOST likely to happen in the market Main Chart Features Price Action Signal-Arrow displayed on a specific bar;NOT buy/sell arrow;DOES NOT repaint;Bullish arrow on a bullish bar,price is l

1 500 USD

Namiri Trade Engine is an ALL in ONE trading system that combines market structure, volume pressure, market condition & risk management to give you the BEST opportunities for A+ trade setups with auto lot size WAIT FOR YOUR A+ SETUP || ONLY TAKE YOUR A+ TRADE || RINSE & REPEAT YOUR A+ MOVE Chart Features Panel - Shows the asset, market, price, pip, account, trade & profit|loss information Structure - Shows areas of support & resistance Risk Management - Shows buy | sell entry zone as well

2 500 USD

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