Mirage Trading System

MIRAGE TRADING SYSTEM User Manual

"See Through Market Illusions"

PART	Section	Description
1	INTRODUCTION	Product introduction, what the product helps you with
2	INSTALLATION & SETUP	System requirements, step-by-step installation guide
3	INTERFACE DISPLAY	Explanation of the components displayed on the chart
4	SIGNAL EXPLANATION	Meaning of each signal type and status
5	CONFIGURATION PARAMETERS GUIDE	Detailed guide to each configuration parameter
6	SYSTEM RISKS & LIMITATIONS	Notes on system risks and limitations

MIRAGE TRADING SYSTEM - EA Signal Template — User Guide - Click

PART 1: PRODUCT INTRODUCTION

1.1 What is Mirage Trading System?

Mirage Trading System (MTS) is a technical analysis indicator running on the MetaTrader 5 platform. The name "Mirage" refers to illusions - symbolizing false breakouts in the market that trap many traders.

Main Purpose

• Detect liquidity trap patterns (Smart Money Trap) on charts

• Automatically scan multiple currency pairs and timeframes simultaneously

• Pre-calculate Entry, Stop Loss, and Take Profit levels

• Send notifications to your phone when new signals appear

Figure 1.1: MTS Overview - Full interface with signals, trading lines, and dashboards

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1.2 What Can This Product Do For You?

Save Time: Instead of manually opening each chart, MTS automatically scans up to 150 currency pairs across 7 timeframes and alerts you when signals appear.
Reduce Emotional Errors: The system applies filters to eliminate weak signals, helping you focus on higher probability opportunities.
Complete Information: For each signal, MTS provides: Entry Point, Stop Loss (SL), 4 Take Profit levels (TP1-TP4), and Quality Score.

Never Miss Opportunities: Push Notification sends messages to your phone immediately when new signals appear, even when away from computer.

1.3 Who Should Use This?

1.4 Key Features

1. Liquidity Trap Pattern Detection: Auto-identifies structure: Mother Bar → Inside Bar → False Breakout → Return Bar. Evaluates pattern quality from 0.0 to 1.0

2. MTF Scanner: Scans up to 150 pairs in Market Watch across 7 timeframes: M1, M5, M15, M30, H1, H4, D1

3. Smart Signal Filters: Quality Filter, Extreme Zone Filter, Opposite Filter to select best signals

4. Auto SL/TP Calculation: Donchian Method (dynamic) or ATR Method (fixed). 4 TP levels with customizable R:R ratios

5. Trailing Stop Loss: Automatically moves SL in profitable direction, locks profit at key levels

6. Multi-Channel Notifications: Desktop popup, Sound alerts, Push notification to phone

7. Statistics Dashboard: Shows signal count, Win Rate

8. EA Integration: 10 data buffers for Expert Advisors, supports Headless mode

PART 2: INSTALLATION & SETUP

2.1 System Requirements

2.2 Step-by-Step Installation

Step 1: Identify Installation Folder

1. Open MetaTrader 5

2. Go to menu File → Open Data Folder

3. Navigate to: MQL5 → Indicators

Step 2: Copy Indicator Files

• If purchased from MQL5 Market: Files will be automatically installed

Step 3: Refresh & Attach

1. Right-click Indicators in Navigator → Refresh

2. Drag MirageTradingSystem onto your chart

3. Click OK to use default settings

  

2.3 Push Notification Setup

To receive notifications on your phone:

1. Install MetaTrader 5 app on your phone (iOS/Android)

2. Open app → Settings → Messages → Find MetaQuotes ID

3. On MT5 Desktop: Tools → Options → Notifications → Enable & Enter ID

4. Click Test to verify → Phone should receive test message

5. In MTS settings: Set Push notification = true

 

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PART 3: INTERFACE DISPLAY

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3.1 Interface Overview

When MTS is running, you will see these components on the chart:

Figure 3.1: Complete MTS interface with all visual elements

 

Component	Description
Signal Arrows	▲ Green = BUY signal, ▼ Red = SELL signal, Gray = Cancelled
Trading Lines	Entry (blue), SL (red), TP1-TP4 (green gradient)
Zone Fill	Risk zone (dark), Reward zone (lighter)
Signal Dashboard	Statistics panel at top-left
MTF Scanner	Multi-pair results panel

 

3.2 Signal Arrows

BUY Signal (▲)

• Shape: Arrow pointing up

• Color: Green

• Position: Below Return Bar candle

• Meaning: Bullish liquidity trap detected

SELL Signal (▼)

• Shape: Arrow pointing down

• Color: Red

• Position: Above Return Bar candle

• Meaning: Bearish liquidity trap detected

3.3 Trading Lines

Colored zones help visualize risk and reward areas:

Zone	Meaning
Risk Zone (Entry → SL)	Area of potential loss
Reward Zone (Entry → TP4)	Area of potential profit

Track trading performance and active signals in a single panel.

The Signal Dashboard is the control center of the Mirage Trading System, helping you:

Monitor signal overview: How many signals were detected, are pending, are active, are finished.

Evaluate real-time performance: View win rate and cumulative profit by each TP level.

Manage open trades: See the exact status of every currently active signal.

Key benefit: No need to open multiple tabs or calculate manually—everything important is displayed in one place.

1) Signal Summary Table (Signals)

Item	Description
“Signals” title	Section name, with the [-] button to collapse/expand.
Signals	Total number of detected signals (e.g., 66).
Pending	Number of signals waiting for price to reach Entry (e.g., 0).
Active	Number of signals currently being tracked (e.g., 2).
Finished	Number of completed signals (hit TP or SL).
Cancelled	Number of signals cancelled because conditions were not met.
Untracked	Number of signals not being tracked.
Blocked	Number of signals blocked by filters.

2) TP Performance Table (TP PERFORMANCE)

Column	Meaning	How to read
TP	Take Profit level (TP1–TP4) or TSL	TP1 = closest target.
W/L	Winning trades / Total finished trades	46/64 = 46 trades hit TP1 out of 64 finished trades.
Rate	Win rate (%)	72% = TP1 hit rate.
NetPips	Total cumulative profit in pips	+14307 = profit of 14,307 pips.

Green: Positive values (wins, profit).

Red: Negative values (if any).

Yellow/White: Neutral values.

3) Active Signals Table (ACTIVE SIGNALS)

Column	Meaning
Dir (Direction)	Trade direction: Buy (green) or Sell (red).
Status	Current status: Active, TP1, TP2, TP3, TP4.
Duration	Time in trade (e.g., 14D5h = 14 days 5 hours).
Entry	Entry price.

Scan multi-time frame signals across multiple currency pairs—no need to open each chart.

What is the Dashboard for?

The MTF Scanner Dashboard is the market radar of the Mirage Trading System. It helps you:

• Scan multiple symbols at once: View all pairs/instruments in Market Watch in a single table.
• Monitor 7 timeframes: M1, M5, M15, M30, H1, H4, D1—without switching charts.
• Spot opportunities faster: One glance shows which symbol has a signal and on which timeframe.

Key benefit: Avoid “chart hopping”—you don’t need to open 50+ charts to find signals. The scanner does it for you.

Interface Components

The MTF Scanner Dashboard has three main parts 1) Header Bar

Component	Meaning
MTF Scanner	Dashboard name.
37 sym x 7 TF	Scanning 37 symbols across 7 timeframes.
Signals: 111	Total number of signals detected across the market.
[-]	Button to collapse/expand the dashboard.

2) Main Signal Grid (Signal Grid)

Component	Description
Symbol column	Name of the currency pair / trading instrument.
M1–D1 columns	7 timeframes from 1 minute to 1 day.
BUY cell (green)	Buy signal on that symbol + timeframe.
SELL cell (red)	Sell signal on that symbol + timeframe.
Empty cell	No signal at that position.

3) Pagination Bar

Component	Function
< Prev	Go to the previous page.
Page 1/4	Shows current page / total pages.
Next >

How to Read Signals

Color	Label	Meaning
Green	BUY	Buy signal — price is expected to rise.
Red	SELL	Sell signal — price is expected to fall.
Empty	—	No signal at this position.

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3.7 Chart Themes

MTS can change your chart appearance for you.

4 built-in themes are available

Theme	Description
THEME_DARK	Dark background with bright colors — professional look.
THEME_DARK_MUTED	Dark background with muted colors — emphasizes patterns (default).
THEME_LIGHT	Light background with bold colors — daytime-friendly.
THEME_CUSTOM	Customize 8 colors to your preference.

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PART 4: SIGNAL EXPLANATION

Feature	BULLISH (BUY)	BEARISH (SELL)
False-break candle	Breaks below the consolidation candle zone.	Breaks above the consolidation candle zone.
Confirmation candle	Closes back up inside the zone.	Closes back down inside the zone.
Arrow	Green, pointing upward.	Red, pointing downward.
Meaning	Price “sweeps” sell orders and is preparing to move higher.	Price “sweeps” buy orders and is preparing to move lower.

4.1 Signal states

State	Meaning	Display	Action / Result	Notes / Reason
ACTIVE	Price has reached Entry; TP/SL tracking is in progress.	A tracking path line may be displayed.	Monitor price movement toward TP or SL.	—
TP HIT	Price has reached the take-profit level (TP1, TP2, TP3, or TP4).	A label such as “TP1 HIT” (or similar).	Result: Winning signal.	—
SL HIT	Price has reached the stop-loss level.	Label “SL HIT”.	Result: Losing signal.	—
CANCELLED	The signal is cancelled before price reaches Entry.	The arrow and lines turn gray.	—	Entry wait time expired, or the signal was filtered out by a filter.

4.2 When is a signal considered valid?

A signal is considered valid only when it meets all of the conditions below:

Core conditions

#	Condition	Explanation
1	Complete pattern	All 4 components are present: Initial candle, Consolidation candles, False-break candle, Confirmation candle.
2	The break must return	The false-break candle must not close outside the zone.
3	Direction confirmed	The confirmation candle closes in the expected direction.

Filter conditions (if enabled)

Filter	Valid condition
Quality Filter	Quality Score ≥ the configured threshold.
Extreme Zone Filter	Price is not in an overbought/oversold zone.
Opposite Filter	No opposite-direction signal is currently active.

4.3 When is a signal cancelled?

A signal is cancelled (CANCELLED) in the following cases:

Reason 1: Entry wait time expired

Item	Value
Default	5 bars after the pattern appears.
Condition	Price does not reach Entry within this time window.

Reason 2: Blocked by Opposite Filter

Item	Explanation
Scenario	If a BUY signal is active, a new SELL signal will be blocked.
Purpose

4.4 Quality Score

What is Quality Score?

Quality Score is a value from 0.0 to 1.0 that rates how “clean” or “well-formed” the pattern is. The higher the score, the clearer the pattern and the higher its probability of success.

How to use Quality Score

Quality	Recommendation
≥ 0.65	Very strong signal ⭐⭐⭐ — high priority.
0.40 – 0.65	Good signal ⭐⭐ — tradable.
0.20 – 0.40	Average signal ⭐ — needs additional confirmation.
< 0.20	Weak signal — should be ignored.

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PART 5: CONFIGURATION PARAMETERS GUIDE 

Because of the article’s length limit, detailed explanations of the parameters will be provided in a separate article at the link below.

Mirage Trading System - PART 5: CONFIGURATION PARAMETERS GUIDE - 

Mirage Trading System - PART 5: CONFIGURATION PARAMETERS GUIDE - MTF SCANNER

PART 6: SYSTEM RISKS & LIMITATIONS

Because of the article’s length limit, detailed explanations of the parameters will be provided in a separate article at the link below.

Mirage Trading System - PART 6: SYSTEM RISKS & LIMITATIONS