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BeST Profit Taker Exits

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:

  1. Definite Exit Signals of Taking Profit
  2. Draw of the PT Lines and/or the corresponding MAs of H/Ls (optionally)
  3. An Info/Alert Comment Table (optionally)
  4. All the Metatrader Alerts for the bars of Exit Signals (optionally)
  5. 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 TP Lines to define the Exit points/bars
  • PTL/S lines ATR Factor  - ATR Factor for calculating the PTL/S 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 color, size and distances of drawn objects

Alert Settings - for controlling the use of Exit points MT4 alerts


For EA Developers



TP_Long Exit Signal:    Buffer = 5
TP_Short Exit Signal:   Buffer = 6


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We are glad to present a unique indicator of currency indexes, which can also extensively analyze and control the market situation. The indicator displays indexes of eight major currencies and also can calculate index of any other currency, metal, CFD, etc. You will not need to study dozens of charts to determine strong and weak currencies, as well as their current dynamics. The picture of the whole currency market for any period can be viewed in a single indicator window. Main features of the
68 USD
RunwiseFX Multiple Indicator Matrix with Alert
Runwise Limited
The indicator displays a matrix of indicators across multiple timeframes with a sum total and optional alert. Custom indicators can also be added to the matrix, in a highly configurable way. The alert threshold can be set to say what percentage of indicators need to be in agreement for an alert to happen. The alerts can turned on/off via on chart tick boxes and can be set to notify to mobile or sent to email, in addition to pop-up. The product offers a great way to create an alert when multiple
49 USD
Signal Strength Meter
Naim El Hajj
The Signal Strength Meter is a Multi-Currency, Dual Timeframe Interactive Indicator, which calculates the strength of buy and sell signals, and displays a score for each symbol on a display board. ► Get a 7-Day Free Trial Version:  Click  Here  (Full Access to The Indicator for 7 Days) Check Video Below For Complete Demonstration, and User Manual here . Key Features: Allows you to see multiple currency signals from one chart Analyses the signals from more than a dozen classic indicators Identi
49 USD
Support Resistance screnner
Sayadi Achraf
⭐️   ⭐️   ⭐️   ⭐️   ⭐️        Limited Time Offer,  Rent SUPPORT/RESISTANCE SCREENER   PRO  for    only 10$/Month        to   try our algorithm before getting lifetime version     ⭐️⭐️⭐️   ⭐️⭐️ A technical indicator that identify support and resistance based price action and supply and demand levels. Important Note :  How to turn your Metatrader to Forex Screener ?   4.1   Trend Screener :   MT4 version   ||   MT5 version   4.2   Trend Line Map :   MT4 version   ||   MT5 version  
49 USD
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