The Infinity Trend Line PRO indicator is a popular trading strategy that has been developed by Evgenii Aksenov, an experienced programmer in the financial industry. This tool aims to help traders identify trend changes and find optimal entry and exit points for their trades. The Infinity Trendline Pro indicator also includes automatic calculations of stop loss and take profit levels. Like any trading strategy, there are risks and uncertainties involved, and traders should always exercise caution and use their own judgment when making trading decisions. In this article, we will provide an overview of the Infinity Trendline Pro indicator and explore how it can be used to make trading decisions.
What is the Infinity Trendline Pro?
Infinity Trendline Pro is a trading indicator that analyzes the strength of buyers and sellers in the market to identify trends and potential entry and exit points for trades. The indicator presents a highlighted trend line with blue and red colors to indicate bullish or bearish trends, respectively. The Infinity Trendline Pro also provides buy or sell signals, as well as up and down arrows that give reversal signals. Additionally, an asterisk in the circle amplifies the reversal signal.
The indicator is highly customizable, with various settings available to change the way it functions, such as calculation type, amplitude, range bars, take profit settings, calculation periods, stop loss shifting, higher timeframe filter, and time filter. The Infinity Trendline Pro also features a Scanner pop-up panel, allowing traders to add as many currency pairs, indexes, and e-coins as they want. This trading indicator can be used as an independent strategy, offering traders the ability to automate their trading decisions. Traders should exercise caution and conduct their own research before making any trades, as the indicator is not a guaranteed path to success.
Infinity Trendline Pro Strategy
The strategy for using this indicator is straightforward. Once the signal appears in the form of an up or down arrow, it’s essential to wait for the end of the current candle on which the signal was formed before opening a position in the same direction as the signal. Traders should always ensure that they follow the highlighted trend line and trade in the direction of the trend. If the trendline is blue, traders should go long or buy, and if it’s red, traders should go short or sell. The recommended Stop Loss and Take Profit levels provided by the indicator should be set to help manage risk and maximize profits.
Buy Signal
- Wait for the Infinity Trendline Pro to plot a blue upward arrow below price, indicating a bullish trend.
- After the arrow appears, wait for the end of the current candle on which the signal was formed.
- Open a long position in the same direction as the signal.
- Set a Stop Loss level suggested by the indicator or according to your money management strategy.
- Take Profit level should be set according to the indicator’s recommendation or based on your profit target.
Sell Signal
- Wait for the Infinity Trendline Pro to plot a red downward arrow above price, indicating a bearish trend.
- After the arrow appears, wait for the end of the current candle on which the signal was formed.
- Open a short position in the same direction as the signal.
- Set a Stop Loss level suggested by the indicator or according to your money management strategy.
- Take Profit level should be set according to the indicator’s recommendation or based on your profit target.
Infinity Trendline Pro Pros & Cons
Pros
- The Infinity Trendline Pro is a simple indicator that is easy to understand and use, making it ideal for both novice and experienced traders.
- The indicator highlights the current trend direction and provides signals that help traders identify potential entry and exit points.
- The indicator can be customized to suit a trader’s specific needs, allowing them to adjust the settings to match their trading style.
- The recommended Stop Loss and Take Profit levels help traders manage their risk and maximize their profits.
Cons
- Like any other indicator, the Infinity Trendline Pro may produce false signals that can result in losses for the trader.
- The indicator relies on past price movements, which can result in delayed signals, causing traders to miss potential opportunities or enter the market too late.
- The indicator may repaint, which means that the signals may change after they appear on the chart, causing confusion and potential losses for the trader.
Conclusion
In conclusion, the Infinity Trendline Pro is a valuable trading indicator that can help traders identify potential buying and selling opportunities in the market. The indicator highlights the current trend direction and provides signals that help traders identify potential entry and exit points. It is customizable and compatible with multiple time frames, making it suitable for traders with different trading styles. However, the indicator may produce false signals, lag, and repaint, so traders should be aware of its limitations and use it in conjunction with other analysis tools.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
