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TakePropips Donchian Trend Pro

5 purchases per month

98 USD

Demo downloaded: 952

Published: 12 January 2021

Current version: 6.0

TakePropips Donchian Trend Pro

Name: TakePropips Donchian Trend Pro
Price: 98.00 USD
Rating: 4.8235292 (17 reviews)
Author: Eric John Pajarillaga Aldana

4.82

Indicators
Eric John Pajarillaga Aldana
Version: 6.0
Updated: 5 June 2024
Activations: 5

TakePropips Donchian Trend Pro (MT4) is a powerful and effective tool that automatically detects the direction of the trend using the Donchian Channel and provides you with an entry and exit trading signals!

This multi-function indicator includes a trend scanner, trading signals, statistical panel, screener, trading sessions, and alerts history dashboard. It is designed to provide you with trading signals and save you hours analyzing the charts!

You can download the user manual and installation guide on our blog post: https://www.mql5.com/en/blogs/post/751368

$199 -> $98 (50% OFF for a limited time only)

You can test this indicator on Strategy Tester (enable Visual Mode). Video tutorial is also available below the description for more details.

Contact me if you have any questions or need any assistance.

The TakePropips Donchian Trend Pro indicator works on all Forex pairs, Metals, Commodities, Indices, and Crypto.

Main Features

Trading Signals - detects buy & sell opportunities on all pairs across multiple timeframes. It will provide you with alerts and plot the trading signals on the chart with up to 3 take profit and a stop loss price.

Trend Scanner - used to quickly scan and identify the trend direction of each pair across multiple timeframes. The trend scanner shows color green for uptrend and color red for downtrend. The numbers inside the box represents the success rate of the signals.

Dynamic Take Profit & Stop Loss - the TP and SL targets will always adapt to the current market conditions based on volatility and support/resistance levels. It is better than having a fixed target for TP and SL. By default, the TP is based on current volatility (ATR) and the SL is based on current support/resistance level.

Trade Signals Dashboard - shows the trade direction, entry price, up to 3 TP levels, SL, success rate, and total profit of each pair so you know exactly the result of each trading signals.

Technical Data Panel - shows the data of RSI, Stochastic, MACD, Moving Averages, Spreads, and a timer countdown for the next candle.

Screener - shows technical data for each pair across all timeframes using various technical indicators such as RSI, Stochastic, MACD, Moving Average, CCI, WPR, ATR, and Momentum indicator. This can be used as part of your technical analysis or confirmation before entering a trade.

Trading Market Sessions - automatically identify the trading session of each candlesticks and its range from sessions high to sessions low on the chart. The trading sessions are London, New York, Tokyo, and Sydney Sessions.

Notifications History - shows you the most recent history of trading signal alerts sent out by the trading system. You can also filter the alerts by date and pairs.

MT4 Alerts, Email, and Phone Notifications - receive alerts when a new buy or sell signals are identified so you never miss another trading opportunity. The alerts includes the pair name and timeframe the signal was generated, trade direction (buy or sell), win rate, entry price, SL, TP1, TP2, and TP3.

Trend Scanner Data - you can modify the data shown on the trend scanner boxes. By default, it will show the win rate of the trade signals on the trend dashboard scanner.

Accurate Trading Signals - the signals generated by the indicator are highly accurate and precise. The Donchian Trend Pro strategy is tested and verified to work in the current market conditions.

Non-Repainting Signals -the signals are never repainted or back-painted.

Average Daily Range (ADR) - shows the ADR of each pair on the dashboard which can be used to determine the volatility of each pair.

Range Meter - used to determine the strength and weakness of the current price of each pair relative to the highs and lows of its current daily bar.

Chart Screenshot - quickly take a screenshot of the current chart.

Customizable Dashboard - you can customize the size of the dashboard and change its colors and theme based on your own personal preference.

Hotkeys - convenience of interacting with the dashboard using keyboard shortcuts.

more...

469

Larrydeelf 2024.04.03 16:03 #

the indicator work's great it helps me look for movement in the market i am sorry for the confusion with the application of the indicator great work.

178

zpeach23 2024.03.04 21:23 #

Great indicator with a very professional and intuitive layout. I really like the real time signal performance and the signal performance is available by each Take Profit level as well. It's a great help to my trading.

116

kieran222 2023.11.30 19:32 #

this is an amazing indicator, what i like is that it takes all the indicators i normally use and puts them all in one place as well as some other helpful indicators. however remember this is an indicator!!, use it to confirm your own analysis of the market and highlight pairs you should look at. Do not simply follow what it says blindly because you may well lose money if you do. All in all this is a great tool and having used it for a few hours i can see it is extremely useful and will make trading a lot easier.

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Filter:

469

Larrydeelf 2024.04.03 16:03 #

the indicator work's great it helps me look for movement in the market i am sorry for the confusion with the application of the indicator great work.

4879

Reply from developer Eric John Pajarillaga Aldana 2024.04.05 05:56 #

Thank you! I'm glad everything worked out just fine for you!

178

zpeach23 2024.03.04 21:23 #

4879

Reply from developer Eric John Pajarillaga Aldana 2024.03.06 09:32 #

Thank you for taking the time to leave a positive review👍

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kieran222 2023.11.30 19:32 #

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Reply from developer Eric John Pajarillaga Aldana 2023.12.01 03:52 #

Thank you for your positive review of my indicator. Very much appreciated 👍

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fahmi20 2023.11.01 21:11 #

I purchased the indicator. Is there an expert for this indicator?

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Ilya Putintsev 2023.07.19 20:51 #

Благодарю за индикатор! Но, есть ли возможность перевода на русский язык?

Все, я разобрался, благодарю!

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JACK_LE_CHAT 2023.03.23 06:38 #

I recently stumbled upon this 'indicator" while I was searching for a mere trend scanner to support my usual strategies... And... What an amazement! In a nutshell, this amazingly simple and elegant tool, is more a comprehensive trading system than a basic indi... It is based on the pure market logic and the combination of several well-known indicators, assembled and put to work in a smart way, so that their confluent reading gives a high percentage of probability to play out well for each suggested trade. Here, one will find no dodgy methodology, no hocus-pocus, no grey zone, no makeshift indicators build up on the basis of fuzzy theories: only a solid help to the decision process by means of transparent interpretation of price action and the momentum of each instrument within the watch list. On top of this, the dashboard which is the pivotal point of the whole system is particularly well designed and pleasant to use. Its functions are plethoric, yet intuitive, and a broad range of customizable settings allows each user to configurate his / her tool to match their specific needs. Beginners have however to be aware that this system, even though incredibly efficient when properly used has to be paired with sound analysis of the overall market context and with proper Money Management to function to its full potential. Once such conditions are gathered, it's a highway to profits that unfolds in front of any trader serious about taking their business to the next level! On top of this, the author, M. Eric, is very responsive and supportive. So as a conclusion, I'd say that my only regret is that I cannot assign more than 5 stars to this incredible product! Bravo, and keep up the great work! MF

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Reply from developer Eric John Pajarillaga Aldana 2023.03.23 09:21 #

Thank you for taking your time to write such a well thought out review and feedback! I'm glad to hear of your positive experience with my indicator and my service. I really appreciate it 👍

Asrul Shabirin 2023.02.22 07:51 #

Thanks Eric for the wonderful assistance! Love your indicator! Your service is very satisfying!

Clint S 2023.02.20 01:36 #

I am very rarely blown away by a product but honestly I cannot say enough about the attention to detail in Eric's products. I have been using an older version of this indicator for the last few weeks that a friend gave me. Loving it but it is a little slow and then I had a lightbulb moment and decided to search for an updated version. This download goes far far beyond my expectations. Not only are the signals accurate and great in and of themselves but the attention to detail in each of the settings and inputs is uncomparable. I have been using EAs and indicators for MT4/5 for about 4 or 5 years. This is the first one that truly has blown me away. MT4 always seems to be locked in the 80's visually and so clunky...not so with Eric's software. It's beautifully designed and very well thought out. Super happy. I immediately also bought the Trade Pad on here by Eric as well and its even more incredible lol. GREAT WORK. I also had a few questions and reached out to him. Instant service both times (one in the middle of the night and the other on a Sunday). I'd give 6 stars if I could. Thanks Eric

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gt2018 2023.02.15 08:10 #

very good helpful，tks

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P_Morgan 2023.01.27 13:05 #

The seller is very good at troubleshooting and helping with setup. He does not abandon his work and his clients. The indicator works well on charts. and scanner works fast and can check the chart clearly

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Reply from developer Eric John Pajarillaga Aldana 2023.01.28 04:56 #

Thank you for your review! If there are any questions or concerns regarding the use of this indicator, always message me first so I can help you resolve the issue or clarify and answer any questions you have. Much appreciated 👍

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SkystheLimit 986 2023.01.20 10:37 #

The pip counter uses any partial TPs for the calculation, but does not incorporate the losses that can result from the remaining position. Therefore, it always shows profit, which of course is not correct. Please change that since otherwise it is misleading.

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Reply from developer Eric John Pajarillaga Aldana 2023.01.27 20:01 #

Profit shows the total number of points generated through wins and losses of the trading signals. It counts the profit when TP is hit and losses when SL is hit. If the TP or SL was not hit yet but a new opposite signal appears, then the indicator will count this as a loss if it's a loosing position.
Please note that the profit is only counted once using a partial close system and one position only. Example, if the prices hit all TP targets, then it will only count the profit of TP3 and it will not add TP2 and TP1 profits. If the stop loss is hit, the loss is counted only once since we are only working on one position. This was mentioned on our blog post and on user manual.
I have already messaged you regarding this.

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Fernando Martinez Lopez 2023.01.16 11:14 #

El indicador esta muy bien. Pero le faltan algunas opciones como poder mover las ventanas donde quieras o que muestre solo los timeframes que me interesen en el dashboard

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knight_forex 2023.01.06 16:27 #

1st time I used it and was amazed, the indicators were amazing. very easy to use, find indicator you should try it, hope my request can be realized in the next update. good job eric

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KingdomCome 2022.04.27 12:59 #

I have to correct my review. This is the most important indicator/scanner in this platform in my opinion. This is a comprehensive trading system. I never liked waiting for trades but after finding how to get them this tool is too good. The author is also extremely responsive.

msolana 2022.03.09 17:25 #

The system is not for scalping o lower time frames. The 15 and above is the better place. I have not been able yet to manipulate setting to see whether it will work on lower frames. The signals thus far given on the 5m do not work. You should not expect the indicator to work on the lower time frames.

ctgaff 2022.01.05 06:51 #

This indicator is absolutely wonderful. The scanner is extremely fast, insanely accurate and can weed through charts like nothing I have seen. The success rates and take profit on pairs with strong buys across multiple time frames is where the synergy of this system can be seen and taken to the bank.

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상현 박 2021.07.31 06:20 #

It's not working. It's a scam.

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Reply from developer Eric John Pajarillaga Aldana 2021.08.04 23:44 #

Hello, sorry to hear your disappointment. Can I please know what exactly is not working? Are you having any technical issues or you just need help in using it properly? Update: 08/04/2021: Still no reply from this user.

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intan08 2021.07.15 11:57 #

I'm a fan of Donchian Channel so this system is great!

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heinedw 2021.05.30 22:31 #

Eric was very patient and extremely helpful. This indicator give a success rate%, SL level as well as 3 take profit levels. You receive alerts and look at the % level. If the % level is satisfactory you enter the trade. This is a whole trading system on its own. I am looking forward to using this system and making profits.

Version 6.0 2024.06.05

Currency Strength Meter (New)
- Added the Currency Strength Meter on the trading dashboard.
- Used to identify the strength and weakness of each major currency in real time.
- Ability to customize and add additional instruments on the Currency Strength Meter.
- New input settings have been added to show/hide the Currency Strength Meter, and inputs for additional instruments.

Bug Fixes
- Minor bug fixes and performance improvements.

Version 5.0 2023.08.28

Trading Signals Confluence (New)
- You can now enable additional confluences to the main trading signals.

MACD Confluence (New)
- You can enable the MACD indicator as a confluence for the trading signals.

RSI Confluence (New)
- You can enable the RSI indicator as a confluence for the trading signals.

Stochastic Confluence (New)
- You can enable the Stochastic indicator as a confluence for the trading signals.

Moving Average Confluence (New)
- You can enable the Moving Average indicator as a confluence for the trading signals.

Double Moving Average Confluence (New)
- You can enable the double moving average strategy as a confluence for the trading signals.

Dashboard Auto-Resize (New)
- The entire dashboard can now be resized manually based on the available space on your chart.
- New dashboard sizes of extra small, small, regular, large, and extra large to accommodate different screen sizes of user’s machine.

Trend Scanner (Improved)
- Improved success rate and trend detection for the trend scanner boxes.
- Fixed some inconsistencies with the trend scanner boxes showing incorrect success rate percentage.

Bug Fixes
- Minor bug fixes and performance improvements.

Version 4.10 2023.01.16

Technical Data Panel (New)
- Shows the data of technical indicators such as RSI, Stochastic, MACD, and Moving Averages
- Shows a timer countdown for the next bar on the current chart
- Shows the current high, low, open, close, and change percentage for the current chart
- Shows current spread of the pair

Watermark (New)
- Added ability to show a watermark of the pair name and timeframe on the chart

Screener (Updated)
- Updated to show a colored row separator for easier viewing

Chart Signals Visibility Icon (Updated)
- Updated the ability to show or hide the trading signals, buy & sell arrows, and trend lines on the current chart

Bug Fixes
- Fixed the Range meter not updating on pairs that have symbol suffix input
- Fixed a warning alert if the pair names do not match on the market watch window
- Fixed conflict when two or more instances are running on the same terminal
- Other bug fixes and improvements

Version 4.0 2023.01.04

New & Improved Indicator
- The entire indicator has been rebuilt from scratch with new features, improvements, and provides user a new enhanced experience compared to previous version

Forex Trading Sessions (New)
- Added Forex Market Session feature for New York, London, Tokyo, and Sydney Session
- Added range calculation in points for highs and lows for each trading session

Screener (New)
- Shows data of various technical indicators of all pairs on the dashboard and timeframes
- Added technical data of indicators such as RSI, Stochastic, MACD, 200 SMA, 50 SMA, CCI, WPR, ATR, and Momentum
- Shows symbol information for all pairs on the dashboard such as Bid, Ask, Spreads, Swap Long, Swap Short, Min Lot, Lot Step, Max Lot and, Margin 1 Lot

Trend Scanner Data (New)
- The Trend Scanner Data allows you to change the data or number shown on each box of the trend scanner.
- The default data shows the success rate of the trading signals for each pair and timeframe
- You can change the data shown on the trend scanner to the bar age of the last signal, rating, total number of signals, total wins, total loss, RSI, and Stochastic

Notifications History (New)
- Notifications History shows you the history of the trading signal alerts sent out by the indicator
- You can filter the results by date and pairs
- Added pagination and sorting of data functionality
- You can enable/disable notifications directly on this dashboard

Trade Signals Panel (Updated)
- Added “Total Signals” which shows the total number of signals generated for a particular pair and timeframe
- Added “Last Signal Age” which shows the age of the last signal generated

Keyboard Shortcuts (New)
- You can now navigate through different pairs and timeframes on the dashboard using arrow keys and navigate through different dashboard panels using number keys

Chart Screenshot (New)
- Chart Screenshot gives you the ability to take a screenshot of the current chart with one click
- The file is saved on your Files folder on the MQL directory

Plus, Regular, & Mini Dashboard Sizes (New)
- You can change the size of the main dashboard depending on your preference

Price, Change %, & Spreads (New)
- The dashboard now shows the current price, daily change percentage, and spreads for each pair

Average Daily Range Column (New)
- Average Daily Range (ADR) is now displayed on the dashboard and it’s used to measure volatility of an asset

Range Meter Column (New)
- The Range meter shows visual representation of its current price relative to the highs and lows of the current daily candle

Toggle Sound / Alerts (New)
- You can now enable / disable alerts and sounds directly from the dashboard by clicking the bell and sound icon on the top left corner of the main dashboard

Dark Theme / Light Theme (New)
- You can switch between dark theme and light theme on the dashboard by clicking the eye icon on the top left corner of the main dashboard

Stop Loss Buffer ATR (New)
- You can further increase the size of your stop loss by using ATR as a buffer
- This is used mostly as a buffer when selecting support / resistance as your SL calculation

Chart Signals (Updated)
- Color green on chart signals represents buy signal and yellow represents sell signal
- Cleaned up chart signals and removed unnecessary arrows on chart

Other Bug Fixes

Version 3.1 2022.05.17

Fixed a duplicate error bug when loading the indicator from a template

Version 3.0 2022.01.31

Added new currency presets setting.
Added Take Profit 2 and Take Profit 3 values to trading signal alerts.
Added new setting to show the age of the last trading signal on the dashboard scanner.
Added ability to turn on/off trading signal alerts for specific timeframe(s).
Fixed incorrect stop loss value on trading signals alerts.
Added new setting to change font size of the dashboard panel.
Improved performance and overall responsiveness of the dashboard scanner.

Version 2.70 2021.08.03

Added ability to automatically calculate TP based on risk/reward ratio
Added ability to calculate TP & SL using fixed values
Added ability to calculate SL using the Donchian Channels Bands
Modified TP & SL Multipliers default values to reflect ATR
Performance improvements and code optimization

Version 1.40 2021.02.28

Ability to change line width and change the X & Y distance of the minimized scanner

Version 1.30 2021.02.22

Added ability to filter alerts by success rate
Added X Distance for panel and scanner. Also added ability to change button width
Added ability to modify the refresh rate of the scanner
Enhancements of the Donchian strategy to better reflect the trend of the market

Version 1.20 2021.01.19

Added ability to manually adjust the Y-distance from the top corner of the Dashboard Panel & Scanner. The Y-Distance for panel will automatically adjust if One-Click Trading is shown on the chart.

Version 1.10 2021.01.15

Code enhancements for faster performance