Trendshaper Indicator MT4 – Free Download

Trendshaper Indicator Review

The Trendshaper Indicator promises to revolutionize breakout trading with its unique price-action algorithm. It claims to offer precision and reliability, enabling traders to spot and capitalize on powerful breakout opportunities. This review takes a comprehensive look at the tool, its features, benefits, drawbacks, and overall performance.

What is the Trendshaper Indicator?

The Trendshaper Indicator is a price-action-based trading tool designed to help traders identify breakouts and optimize entry and exit points. Compatible with a wide range of financial instruments, including forex, cryptocurrencies, stocks, and commodities, it is a versatile solution for traders looking for consistency in dynamic market conditions.

Technical Specifications

Version: 6.0
Year of issue: 2024
Working pairs: Any
Recommended timeframe: Any
Minimum Deposit: $100
Average of account: 1:30 To 1:1000

Best Brokers List

RangePulse Day Trader EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

See also  FlexBox indicator

Trendshaper Indicator Settings

Key Features

1. Algorithmic Precision

• Employs a unique algorithm for detecting high-probability breakouts.
• Proven to adapt to various market conditions.

2. Comprehensive Trade Management

• Auto-detection of entry, exit, stop-loss, and take-profit levels.
• Signal statistics calculation to provide success rates and trade quality insights.

3. Reliable Signals

• Generates non-repainting, non-backpainting, and non-recalculating signals strictly on the bar's close.

4. Universal Compatibility

• Works on any timeframe and across a wide range of financial instruments, including forex, stocks, metals, indices, and cryptocurrencies.

5. Advanced Alerts

• Integrated alerts via pop-ups, email, push notifications, and sounds to keep traders informed in real-time.

6. EA Integration

• Compatible indicator buffers for seamless integration with Expert Advisors (EAs).

How to Trade with Trendshaper

Step-by-Step Approach

Step 1: Identify Trade Setups

• Enter trades only if the Success Rate is ≥ 66%.

Step 2: Set Stop Loss

• Use either recent swing highs/lows or opposite signals for risk management.

Step 3: Set Take Profit

• Flexible take-profit options include TP1, partial take profit with TP2, or holding until an opposite signal.

Automatic Statistics Calculation

The indicator calculates statistics to boost trader confidence.

Win Conditions

• TP1 Hit: Signal reaches at least TP1.
• Exit Win: Trade closed on the opposite signal with positive profit.

Loss Conditions

• SL Hit: Signal hits the stop-loss level.
• Exit Loss: Trade closed on the opposite signal with negative profit.

Success Rate

A percentage indicating the number of signals that meet win conditions.

Advantages of the Trendshaper Indicator

1. Enhanced Accuracy

• Its focus on confirmed breakouts and signal success rates reduces false signals.

2. Versatility

• Suitable for all timeframes and instruments, offering flexibility to diverse trading strategies.

3. Confidence-Boosting Tools

• Automatic statistics provide transparency and help traders evaluate performance objectively.

4. Integration Potential

• Fully compatible with EAs for automated trading.

5. Comprehensive Alerts

• Multiple alert options ensure you never miss a trading opportunity.

Disadvantages of the Trendshaper Indicator

1. Learning Curve

• New traders may find the parameters and strategy complex to understand initially.

2. Dependency on Market Conditions

• While adaptive, certain market anomalies or extreme volatility may still impact its effectiveness.

3. No Guarantee of Profit

• Like all tools, it provides signals but does not guarantee profits. Traders must apply sound risk management.

Conclusion

The Trendshaper Indicator is a promising tool for traders seeking a structured approach to breakout trading. With its algorithmic precision, detailed statistics, and multi-instrument compatibility, it has the potential to become a valuable addition to a trader’s toolkit. However, users should approach it as an assistive tool rather than a guaranteed profit generator, complementing it with robust trading strategies and discipline.

Download Trendshaper Indicator

Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.

Disclaimer: Trading forex involves inherent risks.