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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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El indicador " ZigZag on Trend " es un asistente para determinar la dirección del movimiento del precio, así como una calculadora de barras y pips. Consiste en un indicador de tendencia que monitorea la dirección del precio con una línea de tendencia presentada en forma de zigzag y un contador que calcula el número de barras pasadas en la dirección de la tendencia y el número de puntos en una escala vertical. (Los cálculos se realizan mediante la apertura de la barra) El indicador no se vuelve a
TrendMaestro
Stefano Frisetti
5 (3)
Indicadores
note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.4 TRENDMAESTRO recognizes a new TREND in the bud, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data a
Gann Greed Don Hall
Kirill Borovskii
Indicadores
This product is based on the methodologies of Gann, his follower Don E. Hall. The Indicator builds a working view grid, which is used to analyze graphics. The Pyrapoint tool, developed by Don Hall, is a grid based on the Pythagorean cube. In his calculations he uses the Gann Square 9 methodology and the relationship between Price and Time. This tool is used to predict changes in trend and overall market actions. More information about the method   HERE
Dragon Multi Indicator MT4
Mansour Babasafary
5 (4)
Indicadores
3 Indicators in 1 indicator Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This indicator is basically 3 different indicatos . But we have combined these 3 indicators in 1 indicator so that you can use 3 indicators at the lowest price. All three strategies are based on price action. But based on different trends. Long term, medium term and short term Attributes : No repaintin
Transaction Speed
Ivan Stefanov
Indicadores
La VELOCIDAD DE TRANSACCIÓN es el indicador de mayor calidad que muestra dónde y cuándo se acumulan grandes órdenes en el mercado y los beneficios de ello. Detecta los cambios de tendencia en una fase muy temprana. Es a la vez un indicador y un sistema de trading. El concepto es único e increíblemente rentable. En Forex, el volumen de ticks se denomina engañosamente volumen. En realidad, se trata de la variación del precio por unidad de tiempo, que de hecho es la VELOCIDAD DE TRANSACCIÓN. Est
ON Trade Optuma Astro
Abdullah Alrai
5 (4)
Indicadores
Por supuesto, aquí tienes la traducción al español: Presentamos el Indicador de Astronomía para MT4: Tu Compañero Celestial Definitivo en el Trading ¿Estás listo para elevar tu experiencia de trading a alturas celestiales? No busques más allá de nuestro revolucionario Indicador de Astronomía para MT4. Esta innovadora herramienta trasciende los indicadores de trading tradicionales, aprovechando el poder de algoritmos complejos para proporcionarte una visión astronómica sin igual y cálculos de pre
IQ FX Gann Levels
INTRAQUOTES
Indicadores
Contact us to receive a comprehensive user guide after purchasing. William Delbert Gann, commonly known as W.D. Gann, was an exceptional market analyst renowned for his unique trading style in the early 20th century.  His trading techniques were based on a blend of mathematics, geometry, astrology, and ancient mathematics. Gann believed that stock market movements followed specific patterns and cycles, rather than being random. His methodologies, celebrated for their accuracy and relevance, con
Al in one level
Kundan Kumar Srivastava
Indicadores
User feedback : "This indicator is collection of important dynamic support and resistance giving a trader crystal clear idea , where to sell and where to buy. it completely complements trend lines, support, resistance, and sideways market and allow a trader to make sustainable profits. The thickness of lines suggests its strengths, the thicker the dynamic line, the stronger is rejection or pullback allowing a trader to make multi-fold profit, as they can clearly see them." Introducing Your Ult
Oni Scalper
Goh Cheng Wai
5 (2)
Indicadores
Dear Onis, This Indicator is used for   GBPUSD, US30 and GOLD on 1-Min Chart . For US30 , Depending on your broker, Minimum Lot Size will differ from 0.01 to 1.0 lots. My Current Account is trading at 1.0 lots at $1 per point . Please check with your Broker what's the Margin Required for your Minimum lot sizes before you trade on your Real account. I have Forward Tested the indicator for around 6 months before releasing it to the public. ( No Demo is available for the Indicator, Strategy
Market Swing Scanner Board
Elias Mtwenge
Indicadores
NOTE: PRICE WILL RISE VERY SOON. DON'T SKIP THIS OFFER! Dear traders I am glad to introduce the " Market Swing Scanner Board" indicator to you. This indicator was made mainly to be used in combination with the Market Swing Index Indicator. You use the  "Market Swing Scanner Board"  indicator to scan for trading opportunities on the  Market Swing Index Indicator . This tool is designed for serious traders who have decided to make a difference through trading. Be the next person to witness this st
Gann Swing Structure
Kirill Borovskii
5 (1)
Indicadores
This indicator is based on the mathematics of the great trader W.D. Ganna. With its help, you can easily find strong levels by analyzing swings to find the optimal entry point. The indicator works on all instruments and all timeframes. The indicator is fully manual and has control buttons. All you need to do is press the NEW button, a segment will appear, which you can place on any movement, swing or even 1 candle that you want to analyze. By placing the segment, press the OK button. A grid (th
The indicator of a professional trader
Ramiz Mavludov
Indicadores
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
Th3Eng Ninja
Ahmed Farag
Indicadores
The Th3Eng Ninja indicator is based on an analysis of the right trend direction with perfect custom algorithms. It show the true direction and the best point of the trend. With Stop Loss point and Three Take Profit points. Also it provides a secondary entry points in dots arrows style. And Finally it draws a very helpful lines from entry level to TP1, TP2, TP3, SL levels or the reverse signal, and all current/old signals status. How to use the indicator No complicated steps ,   Just follow 2
Smart Order Block Indicator
Aditya Jayswal
5 (5)
Indicadores
Please send me Direct message on MQL5 CHAT after purchasing the Indicator for Training and Installation Support There are some additional files that is important to use with the Indicator . So be sure to contact me after purchasing the Indicator So that I can add you for training and support . If you find any difficulty with installation then send me Direct message here So that I can connect with you via Anydesk or Teamview for the product installation. " Smart Order Block Indicator " to find
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