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TakePropips Donchian Trend Pro

4.44

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.

Reviews 21
Larrydeelf
534
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.

Zachary Peach
962
Zachary Peach 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.

kieran222
141
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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Carlos Forero
5 (2)
Description Very precise patterns to detect: entry signals as well as breakout, support and resistance reversal patterns. It points out zones in which, with a high probability, institutional orders with the potential to change the price’s direction and keep moving towards it, have been placed.  KEY LINKS:   Indicator Manual  –  How to Install   –  Frequent Questions  -  All Products  How is this indicator useful? It will allow you to trade on the order’s direction, once its direction has been id
FiboZZ Trade Panel is trade assistants designed for manual trading and include account information panel with automatic drawing of ZigZag Extreme Arrows , Daily Fibonacci Extension with 3 levels for targets. You can use it with the following tow strategies or to use the indicators to create your own strategies. The information panel shows you: -Today and Yesterday Profits, -Balance, -Last Profit, -Last Open Lot Size, -All Open Buy/Sell Position and total lots , -Free Margin Level, -Equity, -24 h
More from author
TakePropips TradePad Pro
Eric John Pajarillaga Aldana
5 (5)
TakePropips TradePad Pro  (MT4) includes a powerful trade manager, equity protection, currency strength meter, account reporting tools, risk management tools, and more! It is the perfect companion for manual traders and prop-firm traders. It is one of the most advanced forex trade manager and trade assistant that you will ever come across! It is the perfect solution for traders who wants a more efficient way of managing trade transactions. You can download the user manual and installation guide
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Tamer Gad
148
Tamer Gad 2024.09.08 21:00 
 

Not the best ..

Xian Lei Liu
148
Xian Lei Liu 2024.07.11 11:02 
 

盈利的统计,使用了骗子的手段。 盈利是分3次,权重每个只能占1/3,但是它统计的时候,是直接每个盈利相加。 也就是它统计的时候,止损算一个,盈利加了三个。所以看起来很盈利。 实际上就是垃圾一个。

Larrydeelf
534
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.

Eric John Pajarillaga Aldana
5143
Reply from developer Eric John Pajarillaga Aldana 2024.04.05 05:56
Thank you! I'm glad everything worked out just fine for you!
Zachary Peach
962
Zachary Peach 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.

Eric John Pajarillaga Aldana
5143
Reply from developer Eric John Pajarillaga Aldana 2024.03.06 09:32
Thank you for taking the time to leave a positive review👍
kieran222
141
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.

Eric John Pajarillaga Aldana
5143
Reply from developer Eric John Pajarillaga Aldana 2023.12.01 03:52
Thank you for your positive review of my indicator. Very much appreciated 👍
fahmi20
925
fahmi20 2023.11.01 21:11 
 

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

Ilya Putintsev
130
Ilya Putintsev 2023.07.19 20:51 
 

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

Все, я разобрался, благодарю!

JACK_LE_CHAT
360
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

Eric John Pajarillaga Aldana
5143
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
26
Asrul Shabirin 2023.02.22 07:51 
 

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

Clint S
84
Clint S 2023.02.20 01:36 
 

User didn't leave any comment to the rating

gt2018
101
gt2018 2023.02.15 08:10 
 

User didn't leave any comment to the rating

Pongthep Laprom
225
Pongthep Laprom 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

Eric John Pajarillaga Aldana
5143
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 👍
SkystheLimit 986
5220
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.

Eric John Pajarillaga Aldana
5143
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.
Fernando Martinez Lopez
233
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

knight_forex
136
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

KingdomCome
578
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
35
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
74
ctgaff 2022.01.05 06:51 
 

User didn't leave any comment to the rating

상현 박
203
상현 박 2021.07.31 06:20 
 

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

Eric John Pajarillaga Aldana
5143
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.
intan08
1386
intan08 2021.07.15 11:57 
 

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

12
Reply to review
Version 7.0 2024.12.17
Trade Signals Stats (New)
- Ability to view more statistics and performance of the trading signals generated on your chart. The following information have been added to the Trade Signals panel:
- Profit Factor – indicates the ratio of how much profit was earned for every point lost.
- Expected Payoff – calculates the average amount of profit (or loss) expected per trade in points.
- Total Profit – calculates the total profit in points gained from all winning trades.
- Total Loss – calculates the total loss in points gained from all losing trades.
- Average Win – calculates the average profit in points per winning trade.
- Average Loss – calculates the average loss in points per losing trade.

-Added ability to see the statistics and performance of the trading signals between different TP targets, from TP1, TP2, TP3, or all TP targets.
- Added a new switch icon on the Trade Signals panel to allow to switch between different information.
- Modified the “Profit” statistic to calculate the net profit of the selected TP target(s), instead of partial TP targets from earlier versions.
- Modified the “Success Rate” statistic to show the average win rate of all TP targets, or the win rate of the selected TP target, instead of just showing win rate of TP1 from earlier versions.
- Modified the “Rating” statistic to rely more on profit factor rather than win rate.

Trade Signals (Improved)
- Calculating for profit/loss and wins/loss from the trading signals will now be counted separately for each TP target, instead of partial TP target calculations from earlier versions. E.g., if TP1, TP2, and TP3 hits the take profit target or stop loss, then that will count as 3 wins or 3 losses respectively.
- The profit/loss points of the trading signals on the chart will now show the count of the TP targets that resulted in profit or loss (x3 for all 3 TPs or x2 for only 2 TPs).
- These improvements will make it much easier to track the performance of each TP target.

Trend Scanner (Improved)
- Modified the default trend scanner data to “Rating” instead of TP1 win rate from earlier versions. This provides a better way to quickly see which pairs and timeframes resulted in a more profitable and higher probability signals. The best rating starts with A+ and the worst rating ends with F.
- The Rating is calculated based on profit factor. A higher profit factor will result in higher rating.
- Added new input setting “Trend Scanner TP Data” under the section “Trend Scanner” which allows you to change which TP target is used to calculate the data for the trend scanner. You can check which TP data the trend scanner is calculating by hovering your mouse on the trend scanner boxes.

Trade Signal Alerts (Improved)
- Added “Rating” to each trading signal alerts, which can indicate the profitability and quality of the signals. The best rating starts with A+ and the worst rating ends with F.
- Modified the “Win %” to take the average win rate of all enabled TP targets instead of just TP1.
- Added win rate % (WR) and Rating of for TP1, TP2, and TP3 on trading signal alerts.

Support/Resistance Trading Signals Stop Loss (Improved)
- Modified the default stop loss calculation for trading signals to use market structure such as support/resistance key levels.
- Added 2 new input settings “Minimum ATR SL for S/R Calculation” and “Maximum ATR SL for S/R Calculation” under “Stop Loss Calculation” section. It is used to set the minimum and maximum SL size in case the support/resistance levels are too close and/or too far away from the entry price of the trading signal.

Dashboard Shortcut Tools (New)
- Added new trend scanner refresh icon on the top left corner of the dashboard to manually refresh the data shown on the trend scanner.

Toggle Alerts & Data Trend Scanner (New)
- Added new toggle icons next to the timeframe names on the trend scanner, which can be clicked to quickly enable or disable the alerts and scanner data for specific timeframes.

Bug Fixes
- Fixed the delayed alert when a new trading signal is detected for the pair and timeframe of the current chart.
- Other bug fixes and performance improvements.
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