AW Trend Predictor

Overview of AW Trend Predictor

Key Features

• Utilizes both fixed and dynamic StopLoss calculated by the indicator based on current volatility.
• Includes functionality for time-based work and averaging.
• Works on all types of trading instruments and timeframes, with a recommendation to use timeframes not lower than M15.
• Allows multi-timeframe filtering to enhance signal accuracy.
• Offers a success rate setting for opening orders, ensuring that only high-probability trades are executed.

Input Settings

• Success Rate: Defines the success rate for opening an order.
• First Order on New Signal Only: Option to open new orders only when a new signal from the indicator arrives.
• Order Lots: Sets the volume of the order to open.
• Enable Autolot Calculation: Automatically calculates the lot size based on the deposit.
• TakeProfit Mode: Multiple strategies for taking profit, including closing positions at TP1, TP2, or using points.
• StopLoss Mode: Multiple strategies for setting StopLoss, including exiting on opposite signals or using points.

Trend Predictor Settings

• Period: The period of the indicator; a longer period results in less sensitivity to indicator signals.
• TakeProfit Target: Multiplier for TP1 and TP2.

Benefits

• Provides a fixed or dynamic StopLoss based on current market volatility.
• Can limit slippage and maximum spread, making it suitable for various trading conditions.
• Tracks positions opened manually, offering flexibility for different trading styles.
• Filters trends by higher timeframes or indicators with longer periods, enhancing signal reliability.
• Optional averaging to manage positions more effectively.

Trading Strategy

• Opening a Position: A buy signal is received with a success rating of more than 70%.
• Determining StopLoss: Set StopLoss based on the opposite signal.
• Defining TakeProfit Strategy: Choose from closing the entire position at TP1, splitting the position between TP1 and TP2, or closing on a trend reversal.

Recommendations

• Best used on timeframes not lower than M15 to ensure signal accuracy.
• Combining the AW Trend Predictor with other indicators can enhance its effectiveness.
• Regularly update settings based on market conditions to maintain optimal performance.

User Reviews

• Users appreciate the dynamic StopLoss feature, which adapts to market volatility.
• Many find the multi-timeframe filtering particularly useful for confirming trends.
• Some users have noted that the success rate setting helps in maintaining a disciplined trading approach.

Conclusion