Take Propips Donchian Trend PRO is a powerful and effective tool that automatically detects the direction of the trend and provide you an entry and exit signals.
This multi-function indicator includes the Donchian Channel, entry & exit signals, 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 & exit signals – detects trading opportunities and provides you with take profit & stop loss.
Trend Scanner – a multi-symbol and multi-timeframe scanner shows the direction of the trend, success rate, and rating
How to setup a trade?
Make your trading much simpler with this easy 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
- Option 2 – exit your buy position on a new sell signal and exit your sell position on a new buy signal
ONLY INDICATOR FILE IS INCLUDED