Three Soldiers Trading System
- Indicators
- Ich Khiem Nguyen
- Version: 1.0
- Activations: 10
Three Soldiers Trading System for MetaTrader 5
Three Soldiers Trading System is a price action indicator for MT5 designed to detect 3-candle momentum patterns where consecutive strong candles move in the same direction and confirm sustained pressure.
A detailed user guide is available on the author’s MQL5 Blog.
Additional updates are available through the author’s MQL5 Channel.
Depending on the current support policy, buyers may receive additional access to selected companion tools developed by the author.
Overview
Three Soldiers Trading System detects both Three White Soldiers and Three Black Crows formations using three consecutive candles with strong bodies, progressive closes, and relatively clean shadows.
This pattern can be used to identify sustained momentum rather than a one-bar spike.
All calculations are based on completed bars only.
Detection is non-repainting. Signal values do not change after the bar is closed.
The indicator can draw Entry, Stop Loss, and Take Profit levels directly on the chart and track signal progress after detection.
Detection Logic
The detection model evaluates each completed three-bar pattern through several structural conditions.
These conditions can include:
Minimum body ratio on each candle
Progressive closes from one candle to the next
Maximum shadow ratio for cleaner structure
Directional consistency across all three candles
Minimum progression step between closes
The indicator can detect both bullish and bearish momentum structures.
Patterns that do not meet the selected structural requirements are ignored.
Quality Evaluation
Each valid pattern can be evaluated through a multi-factor quality model.
The scoring process can include measurements such as:
Body strength across the three candles
Progression consistency
Shadow cleanliness
Signals below the selected minimum threshold can be filtered out automatically.
Entry and trade planning
For confirmed setups, the indicator can project breakout levels above the pattern high for buy setups or below the pattern low for sell setups, with an ATR buffer.
For each valid setup, the indicator can display:
Entry level
Stop Loss level
Up to four Take Profit levels
Risk and reward zones on the chart
Stop Loss can be calculated using pattern-based placement, Donchian Channel logic, or ATR-based logic.
An optional trailing stop based on Donchian logic is also available for users who want dynamic trade management after entry.
Filters and tools
Optional filters are available to reduce unnecessary signals.
These include Quality Filter, Extreme Zone Filter, Direction Filter, Stop Hunt Filter, Signal Zone Filter, Spacing Filter, and Opposite Signal Filter.
The built-in scanner can monitor up to 150 symbols across 8 timeframes from a single chart.
The indicator also includes BOS and CHOCH labels, a signal dashboard, alert options, chart themes, and output buffers for Expert Advisor integration.
Recommended use
Recommended timeframes are H1, H4, and D1 because three-candle momentum structures tend to be more meaningful on higher timeframes.
The indicator can be applied to Forex pairs, XAUUSD, indices, and crypto symbols, depending on broker data quality and symbol characteristics.
Loading sufficient chart history is recommended for more stable structure analysis.
MetaTrader 5 only.
No DLL calls.
No external WebRequest connections.
Important notes
This indicator is a technical analysis tool.
It does not guarantee trading results.
Users should test settings in their own environment and apply appropriate risk management.
Support is available through the product comments section or via MQL5 direct message.
