Counter attack Trading System
- Indicators
- Ich Khiem Nguyen
- Version: 1.0
- Activations: 10
Counterattack Trading System for MetaTrader 5
Counterattack Trading System is a price action indicator for MT5 designed to detect 2-bar gap reversal patterns with matching closes and generate structured trade setups after confirmation.
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
Counterattack Trading System detects two-candle reversal structures formed by a gap opening against the prevailing move followed by a close that matches the previous candle’s close.
This pattern can be used to identify strong countertrend response when one side absorbs the prior move and neutralizes it within a single bar.
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 two-bar pattern through several structural conditions.
These conditions can include:
Setup candle continuation in the prior trend direction
Gap opening against the prior trend direction
Close-match precision between the two candles
Body validation for both candles relative to ATR
Range significance for at least one candle
The indicator can detect both bullish and bearish Counterattack Line 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:
Gap size
Direction change
Close match precision
Relative body size
Doji penalty logic
Range significance
Signals below the selected minimum threshold can be filtered out automatically.
Entry and trade planning
For confirmed setups, the indicator can project breakout levels using pending-style entry logic beyond the pattern extreme with a configurable 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 a pattern-based method, ATR-based logic, or Donchian Channel reference.
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 gap-based patterns are generally more reliable on higher timeframes.
The indicator can be applied to Forex pairs, stocks, indices, commodities, and crypto symbols, with particular relevance for markets where genuine gaps occur or where ATR-based dislocation thresholds are useful.
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.
