FIN Trend BreakDancer

The indicator is based on the stochastic indicator projected on the main chart. It shows potential breakout zones in direction of the main trend. The indicator contains a self-optimization module for finding optimal settings. The indicator automatically saves optimized settings for each trading symbol and timeframe.

Key features

• Stochastic projected on the main chart
• Price action confirmation of trend following patterns
• Fixed take profit level based on price action
• Fixed stop loss level based on price action
• Signals generation for automatic trading
• Statistics module for measuring trading performance
• Optimization module for finding the best settings
• Stores optimized settings for each currency and timeframe

Indicator Settings

• UseInputSettings - forced use of input indicator settings instead of saved optimized settings. This option usually used in automated trading using Expert Advisors
• KPeriod - stochastic K-line period
• Slowing - stochastic slowing of K-line
• DPeriod - stochastic D-line (signal) period
• MovingPeriod - price channel moving period
• ATRPeriod - price channel ATR period (used D1 timeframe)
• ATRMult - price channel ATR multiplier
• Overbought - stochastic overbought percent level
• Oversold - stochastic oversold percent level
• RetracementCoef - entry retracement coefficient after detecting entry zone
• TakeProfitCoef - take profit multiplier
  
• StopLossCoef - stop loss multiplier
  

Optimization Settings

• PrecalculateBars - number of bars for optimization and statistics calculation
  
• MinimumTradesPerMonth - minimum count of trades in one month
• MinimumPipsPerTrade - minimal average profit per one trade
• MaximumLossSequence - maximum consecutive losses

Notification Settings

• Usealert - use alerts
• UseMail - use email notifications
• UsePush - use push notifications
• UseSound - use sound notifications
• NotifySound - sound of notifications

Drawing Settings

• ShowPanels - show statistics and optimization panels
• clrBullishRect - color of bullish entry zone
• clrBearishRect - color of bearish entry zone
• clrBullishBreakoutLine - color of bullish entry line
• clrBearishBreakoutLine - color of bearish entry line
• clrTakeprofit - take profit color
• clrStoploss - stop loss color