HMA Trend Professional MT4 can be found within the indicators section of the MQL5 marketplace. It was first uploaded on the 16th of February 2018 buy its creator Pavel Zamoshnikov. It has received a number of updates, the most recent update was on the 16th of September 2018 and it is currently at version 3.3.
Overview
HMA Trend Professional MT4 is an indicator for the MetaTrader 4 trading platform, its main purpose is to look at trends within the markets based on the Hull Moving Averages with two periods. The slow period will identify the trend while the fast period will determine the short term movements and signals within the trend direction.
Some of the main features of the indicator:
- Ability to predict the probability of a trend reversal using analysis of historical data.
- Plotting statistical charts for analyzing the probability of a reversal.
- Automatic filtering of signals with a high probability of trend reversal.
- Ability to generate preliminary signals on the current open bar (can be canceled).
There are also plenty of parameters that can be altered, these include things like the fast/slow HMA periods, the averaging methods to use, the frequency of signals, arrows of signals, rendering depth of the signals, the position of the panel, colors, notification settings, and more.
Service Cost
The indicator can currently be purchased for $30, this is a one-off payment that will get you up to 10 activations of the indicator, there is no option to rent so the one-time purchase is the only option available.
There is a free demo version available, the details are not known or stated on the site so we believe it may only be sued with the strategy tester within the MT4 platform but we cannot say for sure.
Conclusion
There are four user reviews for the indicator, they have given it an overall rating of 3.5 out of 5.
“Hi good product, very interesting. markets with probabilities is a good approach. I will try it with a support indicator, resistance, and pivot. To do with time. Bye” – A 4-star review.
“I have dealt with many developers but none like Pavel. Our story starts 9 months ago since I made a request to include auto parameter either freelance or for everyone who bought the product and he chose everyone. Then I thought wow this guy surely appreciates his customers that he wants to add new features for everyone. So I bought the indicator and he went silent so I made it official and requested on comments (confirm) 30/8/2019 in the comments section and he said in private that will be done when time allows. the roller coaster starts here when I ask from time to time for the progress and he replies not now I’m busy will be free august then September with nothing done till Nov 2019 where he avoided me altogether and not say a single word.” – A 1-star review.
There is a 5-star review but the user did not leave a comment, the reviews are mixed, there are also plenty of comments, the developer has been replying up until November 2019 when there were no more comments, due to this, we would suggest getting in touch with the creator of the indicator, to ensure that you will get some support should you purchase it and that the indicator will function the way you need it to.
This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/27596
