TakePropips Bollinger Bands Triple Strategy

TakePropips Bollinger Bands Triple Strategy

$49.00 $98.00

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Accurate Buy/Sell Signals
One Time Payment
Scanner Included

Version

License

Latest version 4.10 is now available!

TakePropips Bollinger Bands Triple Strategy is a simple, powerful, and effective solution for trading breakouts, reversals, and trend following!

This multi-function indicator includes a trend scanner, trading signals, statistical panel, screener, trading sessions, and alerts history. It is designed to provide you trading signals and save you hours analyzing the charts!

TakePropips Bollinger Band Triple Strategy Pro Summary:

Breakout Band Squeeze Strategy - In this strategy, we wait for the price to breakout of the band squeeze (consolidation), and then look to trade in the direction of the breakout. In order to filter out false breakout signal, we need to check the volume so we can use a volume indicator called the Money Flow Index Indicator to check for accumulation during an upside breakout, and distribution during a downside breakout.

Breakout Strategy

Reversal Band Squeeze Strategy - In this strategy, we wait for the price to enter a band squeeze (consolidation) and for the price to touch either the upper or lower band, and then look to trade in the opposite direction, expecting a reversal back to its moving average. During a consolidation period, the upper band can act as a resistance and the lower band can act as a support.

Reversal Band Squeeze

Trend Following Band Strategy - In this strategy, we will take a position in the direction of the trend when the price hits the upper or lower bands.

Trend Following 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 does it work?

This indicator scans the market for high probability trade setups and provides you with buy and sell signals on any pairs across all timeframes. You can choose any pairs and timeframes to receive signals. It will give you alerts when new signals are identified and provide you with entry price, take profit and stop loss level so you know exactly when to enter and exit the position.

You will also see the history results of the signals generated by the indicator on a dashboard panel to see if its profitability. A built in scanner will also be included in the indicator so you can easily find the trend direction and win rate of each pair and timeframe within the market.

Product Features

Automated Entry & Exit Signals - detects trading opportunities and provides you with up to 3 take profit & a stop loss.

Trend Scanner - a multi-symbol and multi-timeframe scanner shows the direction of the trend, success rate, and rating.

Statistical Dashboard Panel - shows the success rate, entry signal, and total profit/loss of each currency pair so you know exactly the result.

Alerts, Email, and Push notifications - receive notifications on your mobile phone or desktop when a new buy or sell signal is identified.

How to setup a trade?

Easy 1-2-3 setup!

1. Trade Analysis

Enter your trade when the indicator alerts you of a new buy or sell signal. For higher chance of success, only enter trades when success rate is 70% or greater.

2. Take Profit

The take profit price is automatically calculated and you will be provided with up to 3 take profit levels (TP1, TP2, and TP3).

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

The stop loss price is automatically calculated and will be provided to you.

Option 1 - Set your stop loss at the specified price provided by the indicator
Option 2 - No stop loss. Exit your buy position on a new sell signal or exit your sell position on a new buy signal.

Multi-Timeframe Analysis

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, crypto, indices and commodities.

What's included in my purchase?

TakePropips Bollinger Bands Triple Strategy Indicator
Lifetime support & free updates
User Manual PDF
Installation Guide PDF

NOTE: Once you’ve made your payment, you will be directed to the download page and an email will be sent to receive your copy of the TakePropips Bollinger Bands Triple Strategy indicator.

How to install this software?

Complete your purchase - Click "Add to Cart" and proceed to checkout.
Download your software - you will receive an instant download link automatically after you made your purchase. It will be available for download immediately on the order confirmation page and it will also be sent to your email.
Unzip the file - video tutorial link will be included for installation process.

What payment options are accepted?

We accept PayPal, Visa, Mastercard, and Cryptocurrencies.

Video Demonstration

Here is a quick demonstration to showcase the strategy in action.

If you have any questions or suggestions, feel free to contact us at info@takepropips.com

Version 4.10 - 01/15/2023

Technical Data Panel (New)

Shows the data of technical indicators such as RSI, Stochastic, MACD, and Moving Averages
Shows a timer countdown for the next bar on the current chart
Shows the current high, low, open, close, and change percentage for the current chart
Shows current spread of the pair

Watermark (New)

Added ability to show a watermark of the pair name and timeframe on the chart

Screener (Updated)

Updated to show a colored row separator for easier viewing

Chart Signals Visibility Icon (Updated)

Updated the ability to show or hide the trading signals, buy & sell arrows, and trend lines on the current chart.

Bug Fixes

Fixed the Range meter not updating on pairs that have symbol suffix input
Fixed a warning alert if the pair names do not match on the market watch window
Fixed conflict when two or more instances are running on the same terminal
Other bug fixes and improvements

Version 4.00 - 12/29/2022

New & Improved Indicator

The entire indicator has been rebuilt from scratch with new features, improvements, and provides user a new enhanced experience compared to previous version

Forex Trading Sessions (New)

Added Forex Market Session feature for New York, London, Tokyo, and Sydney Session
Added range calculation in points for highs and lows for each trading session

Screener (New)

Shows data of various technical indicators of all pairs on the dashboard and timeframes
Added technical data of indicators such as RSI, Stochastic, MACD, 200 SMA, 50 SMA, CCI, WPR, ATR, and Momentum
Shows symbol information for all pairs on the dashboard such as Bid, Ask, Spreads, Swap Long, Swap Short, Min Lot, Lot Step, Max Lot and, Margin 1 Lot

Trend Scanner Data (New)

The Trend Scanner Data allows you to change the data or number shown on each box of the trend scanner.
The default data shows the success rate of the trading signals for each pair and timeframe
You can change the data shown on the trend scanner to the bar age of the last signal, rating, total number of signals, total wins, total loss, RSI, and Stochastic

Notifications History (New)

Notifications History shows you the history of the trading signal alerts sent out by the indicator
You can filter the results by date and pairs
Added pagination and sorting of data functionality
You can enable/disable notifications directly on this dashboard

Trade Signals Panel (Updated)

Added “Total Signals” which shows the total number of signals generated for a particular pair and timeframe
Added “Last Signal Age” which shows the age of the last signal generated

Keyboard Shortcuts (New)

You can now navigate through different pairs and timeframes on the dashboard using arrow keys and navigate through different dashboard panels using number keys

Chart Screenshot (New)

Chart Screenshot gives you the ability to take a screenshot of the current chart with one click
The file is saved on your Files folder on the MQL directory

Plus, Regular, & Mini Dashboard Sizes (New)

You can change the size of the main dashboard depending on your preference

Price, Change %, & Spreads (New)

The dashboard now shows the current price, daily change percentage, and spreads for each pair

Average Daily Range Column (New)

Average Daily Range (ADR) is now displayed on the dashboard and it’s used to measure volatility of an asset

Range Meter Column (New)

The Range meter shows visual representation of its current price relative to the highs and lows of the current daily candle
A meter that is more green shows that the current price is near the highs of the daily candle
A meter that is more red shows that the current price is near the lows of the daily candle

Toggle Sound / Alerts (New)

You can now enable / disable alerts and sounds directly from the dashboard by clicking the bell and sound icon on the top left corner of the main dashboard

Dark Theme / Light Theme (New)

You can switch between dark theme and light theme on the dashboard by clicking the eye icon on the top left corner of the main dashboard

Stop Loss Buffer ATR (New)

You can further increase the size of your stop loss by using ATR as a buffer
This is used mostly as a buffer when selecting support / resistance as your SL calculation

Chart Signals (Updated)

Color green on chart signals represents buy signal and yellow represents sell signal
Cleaned up chart signals and removed unnecessary arrows on chart

Other Bug Fixes

Version 3.00 - 02/01/2022

Added new currency presets setting.
Added Take Profit 2 and Take Profit 3 values to trading signal alerts.
Added new setting to show the age of the last trading signal on the dashboard scanner.
Added ability to turn on/off trading signal alerts for specific timeframe(s).
Fixed incorrect stop loss value on trading signals alerts.
Added new setting to change font size of the dashboard panel.
Added setting to automatically load chart template.
Improved performance and overall responsiveness of the dashboard scanner.

Version 2.70 - 08/03/2021

Added ability to automatically calculate TP based on risk/reward ratio
Added ability to calculate TP & SL using fixed values
Added ability to calculate SL using the Donchian Channels Bands
Modified TP & SL Multipliers default values to reflect ATR
Performance improvements and code optimization

Version 2.00 - 04/02/2021

Modified the trading strategy for a more accurate trend detection

Version 1.40 - 02/28/2021

Ability to change line width and change the X & Y distance of the minimized scanner

Version 1.30 - 02/22/2021

Added ability to filter alerts by success rate
Added X Distance for panel and scanner. Also added ability to change button width
Added ability to modify the refresh rate of the scanner
Enhancements of the Donchian strategy to better reflect the trend of the market

Version 1.20 - 01/19/2021

Added ability to manually adjust the Y-distance from the top corner of the Dashboard Panel & Scanner. The Y-Distance for panel will automatically adjust if One-Click Trading is shown on the chart.