Parabolic Predictor Dashboard
38 USD
Download demo:
18
Publicado:
22 novembro 2020
Versão atual:
1.0
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For the first time, we've successfully developed Multi-currency, Multi-timeframe, Non-Repainting Dashboard Indicator AND our unique trading insight & algorithm to create this ULTIMATE trading machine for new traders and expert traders.
Sometimes the Parabolic Predictor Dashboard may appear black on a certain timeframe due to lack of historical data. In this case, it's important to update your historical data before launching the indicator. Once you have updated the data, the indicator should be able to identify the trend, reversal or retracement on that timeframe. If the indicator is still showing a black timeframe after updating the historical data, it's possible that there are no valid signals for that timeframe at the moment. In that case, it's better to wait for a fresh signal to appear.
For instance, let's take a look at this current black signal appearing on the EURUSD M15 chart.
Based on the last 5-6 candles, it seems like the market is currently in a range or experiencing low momentum. When the market is in a range, it can be difficult for indicators to provide clear signals, which is why the Parabolic Predictor Dashboard is indicating black. It's important to wait for a clearer trend to emerge before making any trading decisions.In the H1 time frame of this dashboard, you may observe several sell signals marked on CHF pairs. This suggests that CHF is currently exhibiting strength. These signals are present on multiple pairs including EURCHF, USDCHF, GBPCHF, and CADCHF. However, there are no sell signals on AUDCHF and NZDCHF. It's important to note that these signals have appeared around 2 hours ago, so traders need to act accordingly based on their analysis and strategy.
Let's examine how the EURCHF H1 chart fared using the Parabolic Predictor Dashboard. The first take profit level was close to the entry level, making the next target take profit 2. However, the price has yet to reach the next target.
Let's take a look at the M30 chart and see how the indicator performed. As you can see, the price was able to reach both the take profit 1 and take profit 2 levels, indicating a successful trade.
Let's take a closer look at USDCHF. It has successfully reached its take profit level 1, indicating a profitable trade.
However, on the M30 chart, it is still a few pips away from reaching the first target.
let's analyze the GBPCHF H1 chart. The price successfully reached its take profit level 3. The chart also shows a clear uptrend with higher highs and higher lows. It's interesting to note that the price also broke out of a trendline with lower highs, indicating a potential shift in the trend direction.
Looking at the M30 chart, we can see that the price also reached its take profit 4 level. This shows the importance of using multiple time frames to confirm trading signals and identify potential opportunities.
Let's take a look at CADCHF on H1 timeframe. It has not yet reached its take profit level, indicating potential for further movement.
However, on the M30 chart, it has already hit take profit level 2.
Taking a closer look at AUDCHF, there were no sell signals on the H1 chart. However, on the M30 chart, a sell signal was identified and the take profit 1 level has already been reached, which was very close to the entry point. If the reversal continues, the next target would be to reach level 2.
Looking at the NZDCHF chart, there are no sell signals in the H1 timeframe. However, in the M30 chart, there is a sell signal that has just formed. If the price continues to move in the direction of the signal, the first take profit level is within reach and the next target will be level 2
As we examine these charts, we can observe that the indicator initially detects the reversal or retracement in the lower time frame charts. This allows us to enter the market using our own analysis and other indicators. The subsequent signals in higher time frames provide further confirmation, making it easier to follow the signal.
Moreover, the dashboard panel is a valuable tool for comparing signals with other pairs and higher time frames. It enables us to compare the new signal with the major trend quickly. Let's take a closer look at the weekly (W1) and monthly (MN) signals on the dashboard. The CHF is exhibiting strength at present, so we can expect new sell signals to emerge. This aligns with the major trend, and it's up to us to decide how to incorporate it into our trading strategy.
This indicator was developed based on my own strategy, so it's important to find and understand your trading strategy for better success. Stay connected with me through my channel where I share market updates and join my group to discuss important aspects of this amazing indicator. Don't miss out!
join with my channel: https://www.mql5.com/en/channels/forexrobotarmy
Join my group to engage in discussions: Parabolic Predictor Profit Seekers
The Parabolic can be used in trading for various purposes:
Parabolic Strategy
Advantages of choosing Parabolic as your trading indicator
v1.0 Features
v1.0 Parameters