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High Probability Breakout Trendline

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Published: 25 April 2020

Current version: 1.0

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Overview
Reviews (6)
Comments (3)

High Probability Breakout Trendline

Indicators
Joel Protusada
Version: 1.0

⭐⭐⭐⭐⭐H I G H - P R O B A B I L I T Y - B R E A K O U T T R E N D L I N E I N D I C A T O R ⭐⭐⭐⭐⭐

This is no ordinary trendline indicator. It has a highly-probability algorithms incorporated in the script to display only trendlines that may give a very high chance of price breakout. The indicator is not a stand alone indicator. Trader should interpret it together with their very own analysis technique to come up with a more efficient trading strategy. You can use with it other trend indicators like Bollinger Band, Parabolic SAR, or Ichimoku Kinko Hyo.

⚡⚡ V E R Y I M P O R T A N T ⚡⚡

This is not a stand alone indicator. Use it with your own trend-following strategy for confirmation.
You can put it in any charts and timeframes.
If there is no trendline appears in some timeframes, it means there is no possible high probability breakout.
If you don't have a solid trend-following strategy yet, you can use this indicator together with the VOLATILITY WATCHER INDICATOR. You can download it from this link... https://www.mql5.com/en/market/product/46475
You may also need to observe overbought and oversold status of your pair by using the OBOS WATCHER. You can download it form this link...https://www.mql5.com/en/market/product/47894

💎💎 F E A T U R E S 💎 💎

The indicator uses a proprietary breakout algorithms.
You can choose to change the number of bars to analyze in the parameter window.
The foundation of the indicator is based on one of the features of the DT Playbook strategy introduced in the e-book, Uncharted Stratagems: Unknown Depths of Forex Trading. Read it here... https://www.yumpu.com/en/document/view/63068016/uncharted-stratagems-unknown-depths-of-forex-trading

💎💎 A P P L I C A T I O N 💎 💎

Trend Following only.
For risk management, you can use your own Stop-Loss and Take Profit methods.
For money management, you can choose to use your own style depending on your risk appetite.
CONFIRMATION: When the current candlestick (rightmost bar) breaks the line, it confirms your trend-following analysis.

more...

129

SandPaddict 2022.09.24 18:07 #

Wow thank you for this indicator. I've been looking for a good trendline indicator for awhile. This is the first that actually is usable. Nice job! Draws trendlines the way they should be drawn! Thank you Joel!

nightcreow 2020.07.28 07:02 #

nice indicator

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R E F R E S H 28 C H A R T S For traders who use a tool like "Volatility Watcher" and "OBOS Watcher" that use the 28 pairs of 8 commonly traded currencies. You can find "Volatility Watcher" here: https://www.mql5.com/en/market/product/46475 You can find "OBOS Watcher" here: https://www.mql5.com/en/market/product/47894 8 C O M M O N L Y T R A D E D C U R R E N C I E S EUR - Euro GBP - British Pound AUD - Australian Dollar NZD - New Zealand Dollar U

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P R I C E F O R C E A N A L Y Z E R This is a complex indicator that calculates the force of the price direction. V E R Y I M P O R T A N T This is not a stand alone indicator. Use it together with your own strategy. This indicator only confirms your possible position. You can run it in any charts and timeframes but H1 is recommended. Make sure that the pair is volatile at the time of trading. If you don't have a solid volatility-based strategy ye

FREE

Solomon's Chest is fully automated scalper Forex robot which trades on ranging and slightly trending market. The trade entries are based on dynamic zones in all timeframes and with the most recent 30bars of all timeframes. Once opportunity level is determined, it will open trades right away. Each order is protected with hidden calculated Stop Loss level. Take profit level is also calculated. The real profit most of the time is actually taken from the trailing stop and with a breakeven point of 5

390 USD

This Expert Advisor is a combination of different Forex strategies. Hedging - The use of this strategy is two-fold. First, it used to minimized drawdown of losing trades. Second, it is used to lock-in profit of winning trades. Scale-in - This method is implemented to increase profit of winning direction. Averaging - This method is implemented to factor in both winning and losing trades and to make sure if all trades are closed with positive profit. Environment Broker : The EA can work with ECN

85 USD

This Expert Advisor is recommended for newbies. Bott is a Scalper Expert Advisor. The expert advisor is running on price action on entry analysis and winning trades use trail stop to maximize the profit and uses stop-loss on reversing trade to minimize losses. The entry plan is to catch the general trend and catch some pips on that trend. In case the entry is not in favor and price reverses, it uses a Stop-Loss Lotsizing is specifically based on the parameter "Money Management". Very Impor

390 USD

FXFledgling Exit Tool is a complete risk management tool that analyzes both the open trades and the direction of the pair of open trades. As long as the suggested entry and lotsizing management presented here is followed strictly, you will have a high chance (but no guarantee) of surviving the trade. What It Does It is used as an exit tool. It helps the trader to manage any manual trade that he transacted. It does the following: Trail Stop Dynamic Stop Loss - a calculated stop-loss that change

300 USD

The indicator has the following features Predictive Trend (Histogram) - it uses an advanced predictive probability and statistics calculation plus linear regression to know the possible trend. This must be used with at least 3 timeframes for a more accurate reading of the trend: D1, H4, H1. In some cases (subjective), you may want to use M5 for a more precise reading. Velocity (Dotted Line) - Green dotted line indicates a speed of price movement upward. Red dotted line indicates a speed of price

30 USD

PipSense Ichimoku is a fully automated trend following strategy that you can use to backtest a 10-year of data with modelling quality of at least 90%. It uses only an entry analysis based on the Ichimoku Indicator with a proprietary settings to detect price breakout movement. The success secrets of the Expert Advisor if backtested correctly are the combination of the entry method with the Money Management and multiple exit strategies. Once opportunity level is determined, it will open trades rig

1 000 USD

PipSense CBS (Candlestick Breakout System) is a fully automated trend following strategy with stop-loss that you can use to backtest a 10-year of data with modelling quality of at least 90%. It uses only an entry analysis based on the proprietary candlestick breakout system to detect price breakout movement. The success secrets of the Expert Advisor if backtested correctly are the combination of the entry method with the Money Management and multiple exit strategies. Once opportunity level is de

2 000 USD

Ultra Hedge Scalper is a fully automated scalping Expert Advisor that combines scalping and hedging strategy that you can use to backtest a 10-year of data with modelling quality of at least 90%. It uses only an entry analysis based on a proprietary Candlestick Breakout System and settings to detect price breakout movement. The success secrets of the Expert Advisor if back-tested and forward-tested correctly are the combination of the entry method with the Money Management and multiple exit str

390 USD

M Dragon is a short name for Money Dragon. An Expert Advisor that uses a managed martingale, scalping, hedging, and averaging strategies into one. It is a high risk multi-pairs Expert Advisor that works well and minimizes the risk if you let it run on multi-pairs mode. The multi-pairs mode is activated when the "Multipairs" parameter is set to TRUE. This allows the Expert Advisor to be attached in a single chart at any timeframe but will automatically trades 28 commonly traded currency pairs sim

90 USD

PipSense Master is an Expert Advisor that uses a proprietary analysis strategies for trend following technique. It is a low risk Expert Advisor that works well and minimizes the risk if you let it run on multiple chart of different pairs of up 6 pairs simultaneously. Prefefrably, low volatile pairs. Parameters TargetPercent - Target profit of account equity in percentage of the account balance. If reach, it will close open trades. MM (Money Management) - This is used to divide the Account Ba

90 USD

Distance Breakout EA is a Forex Robot that uses a set of calculated distances. One for Buy Long and another one for Sell Short, and automatically detects true price breakout based on that distances. It uses two sets of number of bars, Fast and Slow periods, to calculate and analyze the breakout. G U I D E E B O O K Download it here for free: https://www.yumpu.com/en/document/view/65402349/under-the-radar-forex-masterstroke Click here to get the demo version so you can forward-test

390 USD

The Force One Scalper is a fully automated scalping Expert Advisor that you can use to backtest a 10-year of data with modelling quality of at least 90%. It uses only an entry analysis based on a proprietary multiple trades maneuver analysis and settings to detect price breakout movement. The success secrets of the Expert Advisor if back-tested and forward-tested correctly are the combination of the entry method with the Money Management and multiple exit strategies. Once opportunity level is

390 USD

The Force Two Scalper s a fully automated scalping Expert Advisor that you can use to backtest a 10-year of data with modelling quality of at least 90%. All features of The Force One is used in this EA but with a much different entry analysis and techniques that make this one have a different precision on profitability. This EA can be used to diversify investment. It uses only an entry analysis based on a proprietary multiple trades maneuver analysis and settings to detect price breakout movem

390 USD

Vizzion is a fully automated scalping Expert Advisor that can be run successfully using GBPJPY currency pair at H1 timeframe. Very Important This Expert Advisor can not run with any EAs in the same account. As part of the money management plan, it calculates and monitors the Margin Level % and assumes that all open trades are created by it. If you want an Expert Advisor that trades in a daily basis, this EA is not for you because using this requires a patience to wait for a few days or weeks o

699 USD

NewsReady is a semi-automated Expert Advisor that uses a smart straddle methods It needs to be set in charts 2 to 10 minutes before Economic Data release with a red-flag impact on currencies related to the news. Then it run pending orders in specified number of minutes indicated in the time-period parameter. After the specified time, it will stop trading and will remove all pending orders. Important You can not backtest this tool because it is semi-automated and can only be set and run a few mi

999 USD

F O R E X J U G G E R N A U T A highly powerful Expert Advisor even if used only with one currency pair, GBPJPY. The system structure is focused on the precision of the order entries and safety. The EA is suitable and recommended for newbies. V E R Y I M P O R T A N T This Expert Advisor can not run with any EAs in the same account. As part of the money management plan, it calculates and monitors the Margin Level % and assumes that all open trades a

590 USD

L H E D G E R S C A L P E R A fully automated Expert Advisor that uses counter-trend scalping, managed semi-martingale strategy and lock hedging to execute a complete trading scheme from entry analysis to risk-calculated money management to exit analysis plan execution. V E R Y I M P O R T A N T You can use only ECN type of account. Otherwise, it's a disaster. You can use only the GBPJPY currency pair. Open and attach with 1 chart only. Use a minimum o

999 USD

P Y R A M I D E X P E R T This Forex utility is a complex exit strategy and order management tool that executes four trading methods; scalping, pyramid style, hedging, and scaling method to close trades with a profit. V E R Y I M P O R T A N T This is not a stand alone expert advisor. Use it with your own volatility-based strategy. Once you found the currency pair to trade, you can just attach this tool to the chart of the chosen pair and it will do

490 USD

B U C K E Y E E X P E R T S Y S T E M This Expert Advisor is a life experience. As most adept traders and system developers soon find, no matter how much personal development you achieve, there will be a point where you can feel that everything stops. The only way to continue to grow is by helping and making your works available to other people. Two positive points are the benefits that you will get with this system: first is the rewarding results, and secondly, you ma

590 USD

B I G C H I E F P R E M I U M Big Chief is an Expert Advisor that runs its own 2 proprietary analysis & algorithms. No indicator is used to analyze the entry point in the first method and the second method has an Ichimoku Indicator with proprietary settings. For the exit plan, it uses the proprietary Sequence Method & implement the cutlosses-let-profit-run strategy. You will be surprised that at the closing of all trades, almost most of them are having a positive profit and a

398 USD

WORLD FOREX ROBOT TRADER World Forex Robot Trader is the Forex Robot for the sophisticated and conservative busy investors and traders like you. It will enable you to start right away. You can trade as you learn and master more complex trading techniques. With this EA, your friends will be amazed of the quick 180-degree turn of your trading venture. Be the one that you truly deserve and destined to be a high achiever. G U I D E E B O O K Download it here for fre

2 588 USD

C O N S I S T E N T F O R E X B O T P R E M I U M Consistent Forex Bot is the breakthrough Forex Robot that can help you achieve your realistic profit goal faster than you could ever imagine. It's for the sophisticated and conservative busy investors and traders like you. It will enable you to start right away. You can trade as you learn and master more complex trading techniques. With this EA, your friends will be amazed of the quick 180-degree turn of your trading ven

228 USD

SUIT FOREX EA ROBOT PREMIUM Suit Forex EA Robot is the breakthrough Forex Robot that can help you achieve your realistic profit goal faster than you could ever imagine. It's for the sophisticated and conservative busy investors and traders like you. It will enable you to start right away. You can trade as you learn and master more complex trading techniques. With this EA, your friends will be amazed of the quick 180-degree turn of your trading venture. Be the one that you tr

400 USD

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