Al Brooks, a successful veteran price action trader has said, that the most common cause of a bad trade isn't the setup taken, but the wrong market sentiment. This means you're taking bullish setups when the bears are in control.

Using price action analysis you can read the characteristics of the market movement and figure out the market sentiment. That's exactly what the Price Action Strength indicator is doing for you. The indicator does not give you specific entry points, but rather offers you the insight to where the market is generally most likely headed. Knowing the sentiment, you can choose the right setups.

Thanks for the quick reply. I use the monthly/weekly timeframe to determine direction and I trade daily/4hr/1hr. How well would your confirmation signal work on the monthly/weekly timeframe? also do you have plans to make an exit indicator as you have trend and entry indicators. Thanks.

Thank you. Check your inbox on MT4 Market. 

Do we need the Price Action Triggers indicator to get the most benefit out of this indicator & if so do you do a special deal for both?

Hello,

The Triggers indicator assists on finding the exact entry spots and urges the trader to take action along with the given sentiment. If the trader is competent figuring out the places to enter the market along with the defined sentiment then there would be no need :) If the trader however likes to get concrete signals for entries then the Triggers indicator works great for that since it binds the whole system together nicely with price action setups. Unfortunately MQL5 does not allow discounts of any sorts to programs sold in the market here. I have reached out to them to add this feature but got no feedback on it. So there will be no special deals for purchasing both of the indicators together unfortunately.

Best regards,

Robert

Price Action Strength 3.0 has been released!

The main feature of this update is the compatibility with the Price Action Triggers 3.0 indicator. If the user possesses both of the RM Trading Solutions' indicators (Price Action Strength and Price Action Triggers), the indicators automatically recognise that and present the purest form of entry trigger data on the charts. In that case, only the triggers by 'PAT' indicator will be shown when the sentiment from 'PAS' indicator confirms the direction. This makes for a clean and effective stand-alone trading system. The new update also includes minor bug fixes and improvements.

Look at the image from the previous comment and tell me that isn't enough entry setups with good potential.. and all that on just one symbol on a Daily timeframe, where the system performs best. Stop trying to beat the market on an intraday basis, turn to your charts once a day and enter according to the system.

Either you ride the trend or target potential support/resistance areas, with proper money management you are set up for success with our full Price Action Trading System.

With the new Price Action Triggers update, the charts look even cleaner. Take a look at this current daily USDCAD chart with the full Price Action Trading System. Now imagine if you had 6-10 of these running..

Hi Robert,

I have purchased the indicator and I am trying to install it at MT4 but it doesn't seem to be available in the toolbox (under market/purchases). Is there anything else that I need to do before being able to use it?

Thanks a lot,

Alex

Hello, Alex

Glad to hear from you! Try installing the indicator through the MT4 terminal (log in to your MQL5 account from 'Tools->Options->Community'). Then navigate to 'Terminal->Market' and search for this product. After this the indicator should appear under your indicators in 'Market' folder.

Best regards,

Robert

Hello,

The Strength indicator observes the more general feel of the market is meant to be used for determining the direction in which to trade. The Triggers indicator looks for concrete signals/patterns (taking place within 1-3 candlesticks) which can be used for executing trades. 

The Triggers indicator reacts to patterns in both direction and does not filter out signals based on the market sentiment (unless used along with the Strength indicator). Thus it is up to you to determine whether a trade should be executed at a Triggers signal or not (based on the sentiment by the Strength indicator). 

Trading the Price Action Trading system should look like this: determine the direction to trade in with the Strength indicator and then execute trades if the Triggers indicator gives a signal in the same direction. You can also use the signals from the Strength indicator for executions as well, just beware that the sentiment signals don’t necessarily provide the best entry points and might require a longer period to play out. 

Hopefully this answered your question :)