PipFinite Breakout Edge Indicator (Free Download)
The PipFinite Breakout Edge Indicator is a powerful tool designed to identify and capitalize on breakout opportunities in the market. Using a price action-based algorithm, it provides accurate entry, exit, stop-loss, and take-profit levels. The indicator’s easy-to-use features make it accessible for beginners and advanced traders alike.
Created by Karlo Wilson Vendiola, an experienced MQL5 developer with over 10 years of experience in trading software, the PipFinite Breakout Edge is a part of his highly regarded PipFinite product line. Vendiola’s goal was to develop an indicator that could adapt to different market conditions and provide clear, reliable trading signals.
How It Works
The PipFinite Breakout Edge Indicator operates by analyzing market trends to identify potential breakouts. It uses a dashboard display to provide real-time information and statistics. Here’s a how to set it up:
- Identify a Setup: Look for signals with a success rate of 65% or higher.
- Set Stop Loss: Choose between:
- Recent Swing (based on recent highs or lows).
- Opposite Signal (exit on a signal in the opposite direction).
- Set Take Profit:
- Take full profit at the first target (TP1).
- Take partial profit at TP1 and close the rest at TP2.
- Ride the trend until the indicator signals a reversal.
Key Features
- Accurate Signals: Identifies precise entry and exit points
- Non-Repainting Algorithm: Reliable and consistent signals without recalculating
- Real-Time Dashboard: Provides success rates, win/loss ratios, and more
- Customizable Alerts: Get updates via pop-ups, emails, or mobile notifications
- Multi-Market Compatibility: Works across forex, cryptocurrencies, stocks, metals, and indices
- Timeframe Flexibility: Supports charts ranging from 1 minute to 1 month
- Pairs: All forex pairs, metals, cryptocurrencies, stocks, and indices
- Timeframes: Supports all timeframes
Key Advantages for Traders
- Eliminates emotional decision-making by providing objective signals
- Helps identify high-probability trading opportunities
- Provides comprehensive performance tracking
- Adaptable to different trading strategies and risk tolerances
- User-friendly interface with customizable settings
- Supports multiple alert methods (pop-ups, email, mobile notifications)
- Non-repainting indicator, signals don’t disappear
The download package of the product includes:
- Indicators: PipFinite Breakout Edge.ex4
- Installation Guide from forex-hacked.com
Conclusion
If you’re looking for a tool to enhance your trading performance, I think the PipFinite Breakout Edge Indicator might be a perfect solution. It simplifies breakout trading with clear signals and actionable insights, making it suitable for traders at any level of experience. It isn’t a magic solution, but it’s a sophisticated tool that can enhance a trader’s market analysis. Like any trading tool, it requires practice, understanding, and careful implementation.
Contact me: trent@trentbaxter.com
Good product