Trend Master PRO Overview

The dashboard has 4 information blocks: (1) data on a symbol, (2) basic indicator settings, (3) statistics on indicator signals, and (4) a block of the current signal (displayed only at the moment of a signal candle).

Each of the blocks can be enabled / disabled in the indicator settings.

The information panel can be collapsed using the button in the upper right corner, and also moved using the dot in the upper left corner. After moving, the panel can be fixed by double-clicking the left mouse button on a point in the corner.

First block - Symbol data

1. Current symbol;
   
2. Current spread;
   
3. Swap a buy position for 1 lot of a trade;
   
4. Swap a sell position for 1 lot of a trade .

The second block - Basic settings of the indicator

1. The number of signals for which statistics are collected in the 3rd block;
   
2. Signal line period. If the period is optimized using the indicator, an additional inscription "(optimized)" is displayed;
   
3. Take profit multiplier. If the value is optimized using the indicator, an additional inscription  "(optimized)" is displayed.

Third block - Signals statistics

1. Average take profit to stop loss ratio for all signals. Displayed as "1 / x", where x = SL / TP;
   
2. The probability of reaching a take profit for all signals. It is displayed as a percentage and is calculated using the formula: "number of profitable trades" / "number of all trades" * 100;
   
3. The overall profit factor. It is displayed as a fractional number and is calculated using the formula: "total profit in pips" / "total loss in pips".

The fourth block - Current signal (displayed only at the moment of the signal candle)

1. Current take profit in pips;
   
2. Current stop loss in pips;
   
3. Take profit to stop loss ratio. Displayed as "1 / x", where x = SL / TP;
   
4. Signal direction.

Group "MAIN SETTINGS"

1. The number of signals that are used for optimization and statistics are displayed;
2. Signal line period. If the value is 0, the period is optimized (the indicator calculates the best value automatically);
3. Take profit multiplier. If the value is 0 , the multiplier is optimized (the indicator calculates the best value automatically);
4. Optimization method: basic (Base) or full (Full). It is recommended to use the basic type in order not to load the terminal too much;
   
5. Re-optimization (true / false). If this parameter is enabled, then every 5 new signals (configurable) will be automatically optimized;
   
6. Number of new signals for re-optimization;
   
7. The maximum number of history bars (used only in MT5). This parameter is necessary in order not to overload the indicator with calculations for all historical data.

Group  "PERIOD OPTIMIZATION"

1. The starting value of the period when it is optimized;
   
2. The last value of the period when it is optimized;
   
3. Period step.

Group  "MULTIPLIER OPTIMIZATION"

1. The starting value of the take profit multiplier when it is optimized ;
   
2. The last value of the take profit multiplier when it is optimized ;
   
3. Take profit multiplier step.

Group  "NOTIFICATIONS" (type of notification when a signal arrives)

1. Pop-up in terminal (true / false);
   
2. Phone notification (true / false);
   
3. Email notification (true / false).

Group  "PROFIT DISPLAY"

1. Displaying stop loss / take profit levels (true / false);
   
2. Display color of the trade entry level;
   
3. Color of the take profit level display ;
   
4. Color of the stop loss level display.

Group  "INFO DISPLAY"

1. Displaying the information panel (true / false);
   
2. Display block №1 (true / false);
   
3. Display block №2 (true / false);
   
4. Display block №3 (true / false);
   
5. Display block №4 (true / false).
   

All reviews about the indicator follow the link: https://www.mql5.com/en/market/product/68405#!tab=reviews

Recommendations for use in trading:

When choosing a trading strategy for trading, you need to take into account the main advantages and disadvantages of the indicator.

The main drawback is the large take profit to stop loss ratio. On average, it is equal to 1/4.

The main advantage is a large percentage of profit. On average, it is 70-90%.

Due to this, the total profit generally exceeds the total loss by at least 1.5 times.

Based on the above facts, I recommend:

• Before the first installation of the indicator on any pair, load history on it (for correct optimization);

• Choose pairs with a large profit factor;

• Trade on signals with a TP / SL ratio less than 1/4 (it will be displayed in the signal block);

• Open the main deal on an arrow signal (a deal to break through the level);

• If the main deal does not have time to close by TP and the price reaches the signal line, open an additional deal with a double lot. For this transaction, the TP / SL ratio will be about 1/1, while the probability of reaching TP is still the same 90%;

• Open the initial lot of the main transaction in accordance with the money management;

• Set stop loss and take profit at the levels recommended by the indicator.