AW Trend Predictor MT5

Overview of AW Trend Predictor MT5

The AW Trend Predictor MT5 is a sophisticated trading indicator designed to filter market noise, determine trends, and identify entry and exit points. It boasts an advanced algorithm that provides reliable signals at the close of a candle, making it a valuable tool for traders seeking precision and accuracy in their trading strategies.

Key Features

• Never redraws results; signals are fixed at the candle's close.
• Can be integrated into an Expert Advisor (EA).
• Calculates Take Profit (TP) and Stop Loss (SL) levels.
• Filters market noise effectively.
• Suitable for any trading instrument and timeframe.

Trading Steps

• Step 1 - Opening a Position: A buy signal is received with a success rating of more than 70%.
• Step 2 - Determining StopLoss: Select trunk by opposite signal.
• Step 3 - Defining TakeProfit Strategy:
  • Strategy 1: Close the entire 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 in a trend reversal.

Input Variables

• Period: The indicator period; the larger the period, the lower the sensitivity of the indicator signals.
• Multiplier of Target: Multiplier for TP1 and TP2.
• Maximum Bars: The number of bars for calculating statistics.

Statistics Module

The built-in statistics module helps traders select the most suitable pairs by providing detailed signal effectiveness data. 📊

• Calculate Trades: The total number of signals for which statistics are given.
• Success Rating: Percentage of signals reaching TP1 or those in positive profit upon reversal.
• TakeProfit1 Hit: Percentage of signals reaching TP1.
• TakeProfit2 Hit: Percentage of signals reaching TP2.
• ExitProfit: Percentage of signals that did not reach TP1 but were in positive profit with a new signal.
• ExitLoss: Percentage of signals that did not reach TP1 and were in negative profit with a new signal.

Benefits

• Does not redraw results, ensuring signal reliability.
• Works well with any trending strategy.
• Provides three types of notifications: push, email, and alert.
• Offers advanced statistics for better pair selection.
• Effective in filtering false breakouts.

Usage Tips

For optimal performance, it is recommended to use the AW Trend Predictor MT5 on timeframes not lower than M15. This ensures that the indicator's signals are more reliable and less prone to market noise. 🕒 By leveraging the AW Trend Predictor MT5, traders can enhance their trading strategies, making more informed decisions and potentially increasing their profitability.