TakePropips Bollinger Bands Triple Strategy 1.20
TakePropips Bollinger Bands Triple Strategy Scanner for Metatrader 4 is a simple, powerful, and effective solution for trading breakouts, reversals, and trend following!
TakePropips Bollinger Bands Triple Strategy Scanner is a simple, powerful, and effective solution for trading breakouts, reversals, and trend following!
This multi-function indicator includes a Statistical Dashboard Panel and a Trend-Detection Scanner. It is designed to provide you trading signals and save you hours analyzing the charts!
- Automated Entry and Exit Signals – detects buy & sell opportunities and provides you with up to 3 take profits and a stop loss.
- Trend Scanner – a multi-symbol and multi-timeframe scanner shows the direction of the trend, success rate, and an overall rating. The scannerworkswith all symbols & timeframes….
- Statistical Dashboard Panel – shows the entry price, take profit, stop loss, success rate, and total profit/loss of each currency pair so you know exactly the result ….
- Alerts, Email, and Push notifications – receive notifications when a new buy or sell signals are identified so you never miss another trading opportunity….
- Customizable, non-repainting, no backpaints – easily customize the color and the layout of the scanner. The indicatorneverrepaintsorbackpaints.
- Can be used for scalping, intra day trading, and swing trading
- iCustom integration is available for Expert Advisors to automate the trading signals
TakePropips Bollinger Band Triple Strategy Pro Summary:
Breakout Band Squeeze Strategy
Trend Following Band Strategy
Reversal Band Squeeze Strategy
Note: The scanner will identify a band squeeze when the upper and lower bands falls within the upper & lower ATR Channel (default is 1.5x ATR).
How to setup a trade?
Make your trading much simpler with this 3 simple steps!
1. Trade Analysis
- Enter a trade if success rate is 70% or greater and the profit shows positive
2. Take Profit
- Option 1 – Take profit on TP1
- Option 2 – Partial Take Profit on TP1 and close remaining positions on TP2 and/or TP3
- Option 3 – Take Profit on opposite signal and ride the trend
3. Stop Loss
- Option 1 – set your fixed stop loss level based on provided SL value in the dashboard panel
- Option 2 – exit your buy position on a new sell signal and exit your sell position on a new buy signal
To get the best results and generate higher probability of success, you can trade when the higher timeframe and the lower timeframe are in the same trend direction.
Recommended Multi-Timeframe Pairs:
- M5 -> M15
- M15 -> H1
- H1 -> H4
- H4 -> D1
- D1 -> W1
The indicator works on all timeframes, forex pairs, indices and commodities.
Bollinger Band Settings – sets the standard deviation & the moving average period of the bands
Bollinger Band Strategy – allows you to choose the Bollinger Band strategy you want to apply on the chart. Options are Breakout Band Squeeze, Reversal Band Squeeze, and Trend Following.
Take Profit & Stop Loss – ability to modify the multiplier of take profit and stop loss. Higher multiplier might result in a lower success rate (recommended is 1.0). You can also disable TP2 and TP3 if you prefer just one take profit and also disable stop loss if you prefer to ride the trend.
Symbols & Timeframes – add the symbols and timeframes you want the scanner to show.
Dashboard Scanner Style – change the layout and color of objects in the scanner.
Chart Style – change the colors and visibility of objects drawn in chart.
Alert Notification – receive alerts via email, mobile push notifications or MetaTrader alerts window when a new buy or sell signals are identified.
Specification: TakePropips Bollinger Bands Triple Strategy 1.20
TakePropips Indicator Installation Guide.pdf
TakePropips Bollinger Bands Triple Strategy Indicator Manual.pdf