TakePropips Donchian Trend PRO Indicator FREEfibomen
An excellent indicator for scalping on a trend is the TakePropips Donchian Trend PRO Indicator. The convenience of this indicator is the forex dashboard, which allows you to receive signals on a variety of assets at the same time! Download forex dashboard indicator TakePropips Donchian Trend for free at the bottom of this page!
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How does the TakePropips Donchian Trend PRO Indicator work?
So, the heart of this forex dashboard indicator is the Donchian Trend indicator, which scans a variety of trading assets and gives signals to open and close trades. This system works on the principle of breaking the price channel. forex dashboard TakePropips Donchian Trend PRO gives a signal to open a new trade when the quotes break through one of the sides of the channel. The signal occurs in the direction of the breakdown. That is, if the quotes rose above the channel boundaries, the indicator gives a signal to BUY, if the quotes fell below the channel boundaries, the indicator gives a signal to SELL. You can see how it works in the screenshot below. Everything works simply and logically:
How to install forex dashboard indicator?
This system includes only 1 technical indicator, which works on the principle of “all inclusive”. To install this TakePropips forex dashboard, you need to open the root folder of the MT4 platform and copy the contents of the archive (you can download it at the bottom of this page for free) to this root folder. After that, restart the platform and find the TakePropips Donchian Trend PRO Indicator among other indicators of your platform and drag it to the price chart of the asset on which you want to use this system.
The indicator will scan the market and give you trading signals and the levels at which you need to set Stop Loss and Take Profit.
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Using this forex dashboard is very simple. Very convenient – the TakePropips Donchian Trend indicator shows the arrows in which direction you need to trade, as well as gives sound signals, pop-ups and sends PUSH notifications to the user’s email and smartphone. All you need is to receive signals and execute them (i.e., make trades).
The indicator is equipped with a convenient information panel that shows statistics of previous transactions. Accordingly, you can see how your chosen asset for trading is suitable for scalping on the trend.
And another plus of this indicator is the adaptive Take Profit system, namely, setting several levels to get fast and maximum profit.