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TrendMagiX PRO

Unique trend trading algorithm with advanced filtering and many features which should become a part of your trading arsenal. This indicator can give you also trading advisors (with take profit target), success rate scanner and much more. TrendMagiX PRO comes with built-in multi-pair and multi-timeframe scanner which is fully adjustable. User can select own symbols and time-frames to monitor.

+ ALL the features of standard TrendMagiX indicator


Important information

For additional detailed information you can follow the product page on 747Developments website.


Features
  • Easy to use (just drag and drop to the chart)
  • built-in multi-timeframe and multi-pair scanner
  • Possible to use with any trading instrument
  • Possible to use on any time-frame
  • Take profit advisors
  • Success rate calculator
  • Fully adjustable
  • Trend detection alerts and notifications
  • Possible to use with an Expert Advisor via iCustom function
  • Unique algorithm for the trend detection

Important Parameters
  • MainPeriod - Number of bars for main trend calculation
    • Usual values from 4 to 10 for entering trades - better follows short term trend
    • Usual values from 15 to 30 for longer term trend filtering
  • MainFilter - Filtering number for trendline smoothing
    • Usual values from 10 to 60
  • ConfirmDistance - Number of bars that confirms trend direction
    • Usual values from 3 to 6
  • ReverseFilter - Filter for better stability of signal change detection
    • Usual values from 50 to 200
  • AutomaticTPRange - Set automatic Take Profit range (multiplier to calculate Take profit distance)
    • Usual values from 1 to 4
  • MaxProcessedBars - Number of processed bars to calculate all statistics 
  • ManualTakeProfit - You can set manual take profit in points
    • if number is higher than 0 - Automatic take profit calculation is not performed and Indicator uses manual take profit for all the statistics



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Versão 3.4 2023.06.01
- Minor code updates
Versão 3.3 2021.11.18
- Minor code improvements
Versão 3.2 2020.12.22
- Code efficiency improvements
Versão 3.1 2020.10.20
- Fixed buffer access for datetime when no bar data available
Versão 3.0 2020.07.15
- Algorithm improvement
- Calculation of line from history begin
- Status message for bar update added
- 1 minute check for downloaded bars
- Code efficiency updates
Versão 2.8 2020.06.09
- Code efficiency updates
Versão 2.6 2020.04.26
- Code efficiency updates
- Panel update
Versão 2.5 2020.04.09
- Fixed Panel repaint when using more instances and swtiching timeframes