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BeST Profit Taker Exits MT5

BeST_Profit Taker Exits is a Metatrader Indicator based on the corresponding vital part of Jim Berg's Trading System.It timely locates the most likely points/bars of significant Profit Taking and can be easily used as an add-on to any Trading System/Method.
The Indicator consists of 2 Take Profit lines deriving as (MA ± times the ATR) usually the upper one above the prices (for Long Trades) and the lower one below prices (for Short Trades). When the Close (or High by choice) of a bar is above the upper line (PTL = Profit Taker Long) or a bar Close (or Low by choice) is bellow the lower line (PTS = Profit Taker Short) - always filtered by the current level of RSI - this can be used as a signal to lock in profit exiting the Market.

The full Trading System originaly used for Long Trades only, is described in Jim’s article “The Truth About Volatility” ( TASC/February 2005).His method caught attention in 2002 when he won a trading competition for Personal Investor Magazine. It has been noted that Jim produced a 30% return trading the Australian market during a year that the market had dropped 20%.

The BeST_Profit Taker Exits Indicator is non-repainting and non-backpainting while using it you can get:
  • Definite Exit Signals of Taking Profit
  • Draw of the Profit Taker (PT) Lines and/or the corresponding MAs of H/Ls (optionally)
  • An Info/Alert Comment Table (optionally)
  • All the Metatrader Alerts for the bars of Exit Signals (optionally)
  • Fully customizable colors, sizes and distances of all the chart objects


Inputs


Basic Settings

  • ATR Period – LB Period for calculating ATR
  • Moving Averages Period – LB Period for calculating MAs of Highs and Lows upon which the Take Profit Lines are based
  • Moving Averages Method – Method used for calculating the above MAs
  • Exits Mode – for selecting to use Closes or H/L crossings of Take Profit Lines to define the Exit points/bars
  • PTL/S lines ATR Factor  - ATR Factor for calculating the Take Profit Long/Short Lines

RSI_Filter Settings

  • RSI Period – 7 by default
  • Price applied to RSI – Close by default
  • RSI Level for locating Exit Long Points – 70 by default
  • RSI Level for locating Exit Short Points – 30 by default

Displaying Settings - for selecting which chart objects and features to show/activate and for selecting the distances of drawn Exit objects

Alert Settings - for controlling the use of Exit points MT5 alerts


For EA Developers


  • TP_Long Exit Signal:    Buffer = 1
  • TP_Short Exit Signal:   Buffer = 2

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⭐⭐⭐⭐⭐ I'm glad to present you my new "Pivot Channels Pro" indicator. ⭐⭐⭐⭐⭐ It builds on my previous indicators and over six years of experience using them. This indicator includes all the best strategies that I have researched. When developing and optimizing, I used ML algorithms. The indicator is very easy to use. Now the indicator has 3 basic strategies and the ability to customize your own strategy. I am constantly looking for better strategies. Telegram channel:   https://t.me/d_product
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Order Block Breaker Indicator MT5
LEE SAMSON
Conviértase en un Breaker Trader y obtenga beneficios de los cambios en la estructura del mercado a medida que se invierte el precio. El indicador de ruptura de bloque de órdenes identifica cuándo una tendencia o movimiento de precio se acerca al agotamiento y está listo para revertirse. Le alerta sobre cambios en la estructura del mercado que generalmente ocurren cuando una reversión o un retroceso importante están a punto de suceder. El indicador utiliza un cálculo patentado que identific
49 USD
Pivot Prof
Paul Anscombe
Un indicador excepcional ... Obtenga increíbles oportunidades comerciales con Pivot Prof y use los niveles que usan los profesionales, ¡mejore sus operaciones hoy! Pivot Prof es rico en funciones y utiliza algoritmos únicos para calcular y mostrar los niveles de negociación de múltiples marcos de tiempo en un solo gráfico fácil de leer, y proporciona alertas de terminal, móvil y correo electrónico, además de personalización completa. Actualización importante Maximice el potencial de Pivot P
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BlueDigitsFx Easy 1 2 3 System MT5
Ziggy Janssen
*All In One System Indicator, Breakthrough solution for any Newbie or Expert Trader ! Message Me Immediately After Purchase For Installation Help and V.I.P Access With Additional Strategies BlueDigitsFx Explains How To Use The System In Detail :  https://youtu.be/fIOWwWuE5ZQ BlueDigitsFx's Easy 1 2 3 System is an all in 1 Indicator with a variety of options to work with. Telegram Channel & Group  here Performs Amazingly with a Market Base Line for example; 50ema, 200ema, Kijun sen,...   Pe
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AguiaTraders F12 PRO
Renato Fiche Junior
This tool was developed to help traders on candle by candle and replay training. In the indicator settings, the user can set the training start datetime. The indicator will autommatically hide all candles after this datetime. So the user can make studies before starting the training. Starting the training, the user can simulate your trades quickly and easily! Note: Demo version for testing can be found here: https://www.mql5.com/en/market/product/38314 This is a product developed by Renato F
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PZ Swing Trading MT5
Arturo Lopez Perez
Swing Trading es el primer indicador diseñado para detectar oscilaciones en la dirección de la tendencia y posibles oscilaciones de reversión. Utiliza el enfoque de intercambio de línea de base, ampliamente descrito en la literatura comercial. El indicador estudia varios vectores de precios y tiempos para rastrear la dirección de la tendencia agregada y detecta situaciones en las que el mercado está sobrevendido o sobrecomprado y listo para corregir. [ Guía de instalación | Guía de actualización
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LT Easy Market
Thiago Duarte
Easy Market makes the market easier to trade. It allows you to see an "eternally" side (no trend) market, making it extremely easy to see when the price is overbought or oversold. Both trend and consolidation traders will like Easy Market. You can use it as an auxiliary window (below chart) or in full screen mode. See the screenshots and note how it gives you accurate entries! Free demo version:   https://www.mql5.com/pt/market/product/41869 Free signals emitter:   https://www.mql5.com/en/market
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