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Prometheus Trade Engine MT4

Prometheus Trade Engine is an indicator that combines price action, ratio based indicator with custom indicators& other lagging indicators to create this leading indicator that has a multi-timeframe approach to trading so that you are able to see what other timeframes are doing all in one chart and give you high probability trade setups to assist you to make a prediction on what is MOST likely to happen in the market going foward

Chart Features

1. Reversal Zone

  • It is the rectangular box on your chart which is based on a close approximation to 50% & 61.8% fibonacci retracement levels over the high-low period of 100 bars.
  • By default, Blue rectangle is set to indicate that you are temporarily on a LONG trend with 50% above & 61.8% below;
  • Red rectangle is set to indicate that you are temporarily on a SHORT trend with 61.8% above & 50% below. It is drawn automatically so when the trend changes the tool redraws it automatically depending on your timeframe of choice.
  • It gives you a level where bulls and bears battle it out on who will dominate future price moves
  • When the Reversal Zone holds then price will bounce off that zone but when the Reveral Zone is breached it gives you a[leading]indication ahead of time that the current trend is MOST likely about to change so adjust your trading rational appropriately
  • When there is NO retracement level available then there will be NO Reversal Zone thus NO Price Move, so you stay out of the market

2. Price Action Signal

  • It is the arrow displayed on a specific candle. These arrows are NOT buy/sell arrows but rather price action signals.
  • It can be reversal signals or trend continuation signals, this will depend on where it appears on your chart. They DO NOT repaint
  • Scenarion I: If you have a bullish arrow on a bullish candle then price is most likely going to shoot LONG;If its a bearish arrow on a bearish candle then price is most likely going to collapse SHORT.
  • Scenarion II: If its a bullish arrow on a bearish candle then price is most likely going to move LONG momentarily before collapsing SHORT;If its a bearish arrow on a bullish candle the price is most likely going to move SHORT momentarily before shooting LONG
  • DO NOT rely only on these signals but use them together with the other indicators to increase your probability for some signals will undoubtedly fail but if you use them with the rest of the indicators then you have an edge;
  • You can even use a failed signal to your advantage

3. Price Move - It is based on where price is relative to the reversal zone; Above = bullish moves; Below = bearish moves

4. Daily Move - It is based on where price is relative to the daily open

5. Daily Index - It is based on current price relative to the open-high-low-close price of the daily candle; scale is 0 to 100 [0 = daily open & 100 = new high or new low]
   The higher the value the further the price is to the open; The lower the value the closer price is to the open

6. Analysis

  •    Trend Strength - Displays the overall strength of the trend; Scale is 50 to 100 [50 = weak & 100 = strong]
  •    Asset Strength - Displays the strength of the asset; Scale is 0 to 9 [0 = weak & 9 = strong]
  •    Strength Index [RSI] - Displays the RSI level
  •    MACD - Displays whether the MACD is above or below zero
7. Average [Moving Average] - Displays a multi time frame approach of where price is relative to the set moving average above or below

8. Momentum - Displays set momentum bullish or bearish across each time frame

9. Direction [ADX] - Displays set average directional movement index bullish or bearish across each timeframe

10. Market Sentiment -  Displays the traders choice of market direction call or put

Parameters

Period Settings

  • Average Period       - Set period for Moving Average, default set to 50 [Recommended]
  • Momentum Period      - Set period for Momentum, default set to 14 [Recommended]
  • Direction Period     - Set period for ADX, default set to 14 [Recommended]
  • Stength Index Period - Set period for RSI, default set to 14 [Recommended]
  • Reversal Zone Alert  - Set alert screen pop-up message, default set to TRUE [Optional]
Color Settings
  • Symbol Color  - Set color symbol on your chart, set to [Black 40,40,40] for Blackboards [Default] & DarkGray for Whiteboards [Recommended]
  • Panel Color   - Set color for the right hand panel, set to White for Blackboards [Default] & DarkGray for Whiteboards [Recommended]
  • Value Color   - Set color for values on the Analysis Section, set to Black for Blackboards [Default] & White for Whiteboards [Recommended]
  • Bullish Color - Set color for bullish indicator move, set to DodgerBlue for Blackboards [Default] & Green for Whiteboards [Recommended]
  • Bearish Color - Set color for bearish indicator move, default set to Red for Blackboards & Whiteboards
  • Flat Color    - Set color for flat indicator move, set to Yellow for Blackboards [Default] & Gold for Whiteboards [Recommended]
  • ReversalZoneLong Color  - Set color for LONG Reversal Zone, set to Blue for Blackboards [Default] & Green for Whiteboards [Recommended]
  • ReversalZoneShort Color - Set color for SHORT Reversal Zone, default set to Red for Blackboards & Whiteboards
  • Timeframe Color         - Set color of current chart timeframe, default set to Magenta for Blackboards & Whiteboards

Trade Setups

1. Reversal Bounce

Take a Reversal Bounce trade when price has bounced off the SHORT/LONG Reversal Zone based on HIGH PROBABILITY CONFLUENCE from Prometheus Trade Engine &
price action signal. Price MUST close INSIDE/BELOW the SHORT reversal zone for a PUT OR INSIDE/ABOVE the LONG reversal zone for a CALL.The closer the price
is to the Reversal Zone the better the entry
 
2. Reversal Breach

Take a Reversal Breach trade when price has breached through the SHORT/LONG Reversal Zone based on HIGH PROBABILITY CONFLUENCE from Prometheus Trade Engine &
price action signal. Price MUST close INSIDE/ABOVE the SHORT reversal zone for a CALL OR INSIDE/BELOW the LONG reversal zone for a PUT.The closer the price
is to the Reversal Zone the better the entry

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Rental/Lifetime Package Options and Privileges' * For optimum results the yearly or lifetime package is suggested due to live training and Discord  channel trading with the  creator! Rent Monthly Six Months   Yearly/Lifetime Weis Wave with Speed with Alert+Speed Index x x x Manual  x x x Quick Set up Video x x x Blog x x x Lifetime Updates x x x Setup and Training Material x x Free Rectangle Break Alert Tool      x Discord Access Channel "The SI traders" x 2-hour live methodology traini
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A. ¿Qué es A2SR ?   * Es un indicador técnico líder (sin repintado, sin retraso). -- Guía : -- en https://www.mql5.com/en/blogs/post/734748/page4#comment_16532516 -- y https://www.mql5.com/en/users/yohana/blog A2SR tiene una técnica especial para determinar los niveles de Soporte (demanda) y Resistencia (oferta). A diferencia de la forma ordinaria que vimos en la red, A2SR tiene un concepto original para determinar los niveles reales de SR. La técnica original no se tomó de Internet y tampoco
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Marco Aurelio Santos Costa
What if God Created a Trade System? No miracles... Just see how mathematics can be effective in the market. We managed to combine technical analysis / price action into indicators, creating the best setup for trading, be it in Forex, Indices, or stocks. It took us 2 years to create something that really works, and now it's time for you to discover it. TrendX3 is a revolution in trend analysis. Based on advanced algorithms and real-time data, it provides valuable insights so that you can make inf
The indicator of a Professional Trader is an arrow indicator for predicting the direction of price movement. I have been working on this indicator since 2014. You can use this indicator as your main indicator, use its entry signals, and use it as your only indicator to find entry points. About the product: Recommended TF [H4-D1-W1]   . The indicator predicts the direction of the next candle. Fits a variety of tools; Flexibility in settings for different instruments and intervals through the
Hi traders, I'm glad to bring to you the market analysis tool called "Infinity Trend Indicator". The main goal of this indicator is to help you figure-out  the beginning of a new trend and the end of the trend current trend.  NOTE:  THIS INDICATOR DOESN'T REPAINT!! How to use this Indicator 1. Based on the Infinity trend indicator only We look to buy when the yellow line is pointing or curving up after a strong bearish move We look to sell when the yellow line is pointing or curving downward aft
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