AW Trend Predictor is a combination of trend and breakdown of levels in one system.
The advanced indicator algorithm filters market noise, determines the trend, entry points, and also possible exit levels.
Indicator signals are recorded in the statistical module, which allows you to select the most suitable tools, showing the effectiveness of the signal history.
The indicator calculates StopLoss and TakeProfit marks.
Indicator Strategy Description:
How to buy
Step 1 - A buy signal was received with a signal success rating of more than or equal to 70%
Step 2 - Select the SL mode: by the opposite signal, or dynamic StopLoss
The "StopLoss mode" variable is located in the input settings in the "MAIN SETTINGS" section
Step 3 - Choose Your TakeProfit Strategy
Strategy 1:
Close the whole position when reaching TP1
Strategy 2:
Close 50% of the position upon reaching TP1 and the remaining 50% upon reaching TP2:
Strategy 3:
Close the entire position when the trend reverses:
How to sell
Step 1 - Signal success rating of more than 70%
Step 2 - Select the SL mode: by the opposite signal, or dynamic StopLoss
Variable "StopLoss mode" located in the input settings in the section "MAIN SETTINGS"
Step 3 - Choose your TakeProfit strategy
Strategy 1:
Close the whole position when reaching TP1
Strategy 2:
Close 50% of the position upon reaching TP1 and the remaining 50% upon reaching TP2:
Strategy 3:
Close the entire position when the trend reverses:
Multi-timeframe usage
Step 1 - On the H4 timeframe, a downtrend, which means that we will only sell in this trend. In an uptrend, we use only purchases.
Step 2 - On a lower timeframe, the signal success rating is more than or equal to 70%
Step 3 - On a lower timeframe, a sell signal
Step 4 - Determine StopLoss
In this indicator, you can choose a stop loss strategy
Strategy 1:Stoploss by opposite signal
Strategy 2: dynamic StopLoss
When choosing a dynamic stop loss, you need to set a target for the stop loss.
Lower value in variable "StopLoss target" the closer StopLoss is to the position open price, the larger the value in this variable is, the further StopLoss is from the open price.
Variable "StopLoss mode" located in the input settings in the section "MAIN SETTINGS"
When choosing "Dynamic StopLoss" need to set a value in a variable "StopLoss target"
Step 5 - Choose TakeProfit Strategy
Multicurrency and Multitimeframe AW TrendPad
AW TrendPad created to monitor the entire market in one window. It allows you to see the trend, signals, as well as the success rating on all instruments and timeframes at the same time.
AW Trend Pad can be minimized by dragging the window to any convenient place. With the help of simple settings, you can connect any order of any timeframes, as well as select any characters. That is, your AW Trend Pad can display a trend simultaneously on 135 different charts. AW Trend Pad is suitable for all types of tools.
AW TrendPad supports various types of notifications, such as Alerts, email notifications, and push notifications for a smartphone or tablet
How to Trade with Multicurrency TrendPad
Step 1 - On the H4 timeframe, an uptrend, which means that we will only buy in this trend. In a downtrend, we use only sales. We will use a lower timeframe for entries in positions, for example, M15.
Step 2 - Signal success rating of more than 70%. A new signal in the direction of a trend of a higher period. (Signals against ignore the main trend)
Step 3 - Select the SL by the opposite signal or by the levels of support and resistance
Step 4 - Choose a TakeProfit strategy
Strategy 1: Close the entire position when achieving TP1
Strategy 2: Close 50% of the position upon reaching TP1 and the remaining 50% upon reaching TP2
Strategy 3: Close the entire position in a trend reversal
Indicator Input Settings
MAIN SIGNAL SETTINGS - Section of the main indicator settings
Period - The indicator period, the longer, the lower the sensitivity of the indicator signals
The larger, the lower the sensitivity of the indicator signals
The smaller, the greater the sensitivity of the indicator signals
Values 1.5 - five - Signal to enter
Values five - fourteen - Trend filtering
TakeProfit target - Multiplier for TP1 and TP2. The higher the multiplier, the more profit from one transaction, but the lower the percentage of success of signals
The higher the value, the greater the profit from the transaction, but the lower the percentage of success of the signals
The lower the value, the lower the profit from the transaction, but the higher the percentage of success of the signals
StopLoss mode - Variable defining StopLoss strategy. D
Dynamic StopLoss - The smaller the value in the variable, the closer StopLoss is to the position open price, the larger the value in this variable is, the further StopLoss is from the open price. You must set a value in a variable "StopLoss target"
SL at opposite signal - StopLoss at a trend reversal or at an opposite signal.
Stop loss target - Multiplier for StopLoss. The higher the value of the variable, the farther from the opening price StopLoss will be located.
Maximum bars - The number of bars for calculating statistics
MISC SETTINGS - Settings section for integrating the indicator into other algorithms. For developers only.
Disable graphics buffers - Disable all graphical indicator buffers that are not involved in the basic calculations of signals and trend.
Disable objects - Disable the creation and updating of indicator graphical objects
Disable notifications - Disable all indicator notifications
Play sound alerts - Use sound notification when alerts
Sound name - The name of the sound used in the alert
Send mails - Use sending emails about the appearance of signals to the email of the trader
Send push notifications - Use notifications of new signals to the mobile version of the trader's terminal
GRAPHICS SETTINGS - Section of graphic indicator settings
Indicator at foreground - Choosing the location of the indicator lines relative to the candles (in front of them or in the background)
Fat downtrend color - The color of the broad downtrend line
Medium downtrend color - color of the downtrend midline
Skinny downtrend color - The color of the thin line of the downtrend
Fat uptrend color - The color of the broad line of the uptrend
Medium uptrend color - The color of the midline of the uptrend
Skinny uptrend color - The color of the thin line of the uptrend
Up arrow color - Up arrow color
Down arrow color - Down arrow color
Arrow size - Size of indicator arrows
Color TP - TP tag color
Font size TP - TP label size
Color TP line - TP line color
Color TP trendline - TP trend line color
Color sl - Stoploss text color
Color SL trendline - The color of the stop loss line
Font size in panel - Panel text size
Main color panel - The color of the main fill
Text color in panel - Panel text color
Logo color in panel - The color of the logo in the panel
Second text color in panel - The second color of the text in the panel
Downtrend color in panel - color of the downtrend in the panel
Uptrend color in panel - The color of the uptrend in the panel
StopLoss Hit color in panel - Stoploss color in the panel
Show panel - Enable panel display
Multicurrency Panel Setup
AW TrendPad Input Settings
AW TREND PREDICTOR SETTINGS - Settings for AW TrendPredictor, whose signals will be displayed in AW TrendPad panel
Period - The indicator period, the larger, the lower the sensitivity of the indicator signals
The larger, the lower the sensitivity of the indicator signals
The smaller, the greater the sensitivity of the indicator signals
Values 1.5 - 5 - Signal to enter
Values 5 - 14 - Trend Filtering
Multiplier of target - Multiplier for TP1 and TP2. The higher the multiplier, the more profit from one transaction, but the lower the percentage of success of signals
The higher the value, the greater the profit from the transaction, but the lower the percentage of success of the signals
The lower the value, the lower the profit from the transaction, but the higher the percentage of success of the signals
Maximum bars - The number of bars for calculating statistics
MULTICURRENCY PANEL SETTINGS - Settings for selecting instruments and timeframes
Number of used Timeframes (1-9) - The number of timeframes that will be displayed in the panel should be from 1 to 9
Timeframes for analysis - A list of time frames to be displayed. Fill text with "," without spaces
Number of used Symbols (1-15) - The number of characters that will be displayed in the panel should be from 1 to 15
Symbols For Analysis - A list of symbols to be displayed. Fill text with "," without spaces