Discussing the article: "Automating Market Memory Zones Indicator: Where Price is Likely to Return"
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Check out the new article: Automating Market Memory Zones Indicator: Where Price is Likely to Return.
This article turns Market Memory Zones from a chart-only concept into a complete MQL5 Expert Advisor. It automates Displacement, Structure Transition (CHoCH), and Liquidity Sweep zones using ATR- and candle-structure filters, applies lower-timeframe confirmation, and enforces risk-based position sizing with dynamic SL and structure-based TP. You will get the code architecture for detection, entries, trade management, and visualization, plus a brief backtest review.
Displacement Zones are automated by detecting unusually strong impulsive candles that signal urgency and imbalance in the market. The EA identifies these zones when a candle’s range significantly exceeds the ATR, has a large body relative to its total range, shows minimal overlap with the previous candle, and closes near its extreme. Once detected, the entire candle range becomes the zone, and its closing direction defines bias. Rather than trading the breakout itself, the EA waits for price to move away and later return to the zone. A buy is triggered in a bullish displacement when price revisits the zone and shows lower-timeframe confirmation, such as rejection or a microstructure shift, with stops placed beyond the zone and targets set at nearby structure highs. The sell scenario mirrors this logic for bearish displacement.
Author: Hlomohang John Borotho