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TrendPadPRO MT4

99.90 USD

Demo downloaded: 8

Published: 2 August 2023

Current version: 3.20

TrendPadPRO MT4

Indicators
Andrei Vasilescu
Version: 3.20
Updated: 8 August 2023
Activations: 10

I. TrendPadPRO - Unveiling the Context of Informed Trend Trading

The Context of Trend Trading is far more relevant and important than indicators, timeframes, personal perspectives or beliefs.

TrendPadPRO's unique features, including trend inertia (age) analysis, trend direction identification, and precise S/R levels, bring the knowledge of the Context of Trend Trading needed to make decisions in real time.

II. Usability of TrendPadPRO

TrendPadPRO is a trading tool designed to cater to traders of all experience levels.

Its intuitive interface allows traders to find the various indicators, including trend inertia (age), trend direction, and critical support / resistance (S/R) levels for different timeframes.

By consolidating these real time data points, TrendPadPRO provides a comprehensive outlook on market trends and highlights potential entry and exit points.

III. Riding the Momentum: Inertia (Age) and Strong Trends

One of the standout features of TrendPadPRO is its ability to identify and measure trend inertia (age).

Inertia (Age) is the driving force behind strong trends (sustained price movements).

When a trend reverses on a timeframe, the Inertia (Age) have a minimum value of 2 and increases with each closed candle while trend's S/R level is not broken on this timeframe.

IV. The Trend's Direction: The Key to Tracking a Trend

TrendPadPRO leaves no room for guesswork when it comes to trend direction.

Its precise algorithm quickly identifies whether the market trend is upward or downward, enabling traders to follow the trend's direction in real time.

V. Unlocking Opportunities: Trend S/R Levels

At the heart of any trading strategy lies the ability to pinpoint significant support and resistance levels.

TrendPadPRO furnishes traders with real-time S/R levels for various timeframes.

These levels act as crucial indicators for entry and exit points, guiding traders towards dynamic risk/reward ratios.

VI. Balancing Risk and Reward: Stop Loss and Take Profit

TrendPadPRO empowers traders to strike the delicate balance between potential gains and acceptable risk levels.

With a clear focus on preserving capital, the appropriate Stop Loss levels must be beyond relevant S/R levels (no any trade if no any appropriate StopLoss).

TrendPadPRO assists in setting reasonable Take Profit levels. Traders can aim for the higher Trend S/R levels or opt for a multiple of 13.7 pips (scalping territory), towards a dynamic risk/reward ratio.

VII. Position Sizing: A Calculated Approach

TrendPadPRO emphasizes prudent position sizing, enabling traders to limit their risk exposure to a maximum of 1-2% per trade.

VIII. GUI features

Titlebar	Daily movement » Current BID » TF candle time left
Headers	Chart Symbol » Chart TimeFrames
Age	Numbers of candles for current trend
Trend	Up or Down
Trend S/R	Trend Support/Resistance's current levels

IX. Settings

Currency Index	Any Major Currency Index or No Currency Index
Scanner Symbol	Any Symbol or Empty for current chart Symbol
Index Pair Prefix	Major Currency Pair Prefix or Empty if none
Index Pair Suffix	Major Currency Pair Suffix or Empty if none
History Bars	Maximum number of bars used for history
Trend Pad section	GUI color picker
Trend Lines section	Trend Lines color picker for current chart Symbol
Major Currency Index section	Current Currency Index components
Constant Factor	Constant Factor of Current Currency Index
Weighting	Weighting of Current Currency Index components
Alerts Parameters	Enable the alert options

more...

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Version 3.20 2023.08.08

Update the Chart Trend S/R levels drawing.