Trading utilities for MetaTrader 5

SLTP Probability

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Information

Utilities
MetaTrader 5
5
Vladimir Komov
8 November 2016
1.0

Overview

This multifunctional analyzer expert calculates stop loss and take profit execution probability.


General idea

If we have an open position, there may be three possible future options: stop loss is executed, take profit is executed or position remains open. Using probabilistic methods, the expert performs the following functions:

  • calculating stop loss and take profit execution probabilities within an hour, a day or a week
  • calculating the probability of a position remaining open at the end of the specified intervals
  • calculating average profit and loss values as a result of stop loss and take profit execution. The average value is equal to the distance multiplied by execution probability
  • assessing the price (trend) and volatility average change
  • displaying possible future price movement trajectories within a specified time interval.

The price formation model (Black-Scholes model) assumes independent symbol price increments distributed according to the lognormal law. The equation from the following work are used for the calculation: Antoon Pelsser. Pricing Double Barrier Options: An Analytical Approach. January 15, 1997. ABN-Amro Bank Structured Products Group (AA 4410).


Settings

  • Trend mode - trend accounting mode: calculate trend - consider the current trend; flat - trend is assumed to be missing;
  • Show mode - possible price trajectory display mode
  • distance to the comment from the left - distance from the left edge of the screen to a comment in pixels;
  • distance to the comment from the top - distance from the upper edge of the screen to a comment in pixels.


Displayed values

The table of comments displays:

  • Position direction (BUY/SELL) - symbol, take profit and stop loss levels;
  • TP: Probability of execution - probability of a take profit activation within an hour, a day, a week;
  • SL: Probability of execution - probability of a stop loss activation within an hour, a day, a week;
  • Hold Position: Probability - probability of a position remaining open (neither stop loss, nor take profit are activated);
  • Average TP=(TP distance) x (TP Probability) - average estimated profit received in case a take profit is activated (distance from the current price to a take profit level multiplied by execution probability);
  • Average SL=(SL distance) x (SL Probability) - average estimated loss caused by a stop loss activation (distance from the current price to a stop loss level multiplied by execution probability);
  • Trend - average price increment
  • Volatility - symbol volatility within the period in %


Usage features

The model assumes that a symbol price volatility and trend remain unchanged in the future. Regardless of other settings and the availability of an open position, the mode displaying the sample trajectories is always available. A trend value is also displayed at all times. If a symbol has no open positions and/or stop loss/take profit, the values of the corresponding probabilities are also absent.

7 DAY MONEY BACK GUARANTEE

If for any reason you do not like the purchased program, you can request a refund within 7 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

Simply send a request for refund or exchange with your order number by email: [email protected].

Refund requests received more than 7 days after purchase will be rejected.

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