My Trade Pro
- Indicators
-
Joel Brito De Mesquita
Sou Formado em Matemática, Professor. Comecei a me interessar no mundo do mercado forex e no mql5 e aprendi a criar meus próprios robôs e hoje ocupo boa parte do meu tempo em criar robôs tentando chegar no melhor possível. Sou aberto a novidades e grupos e estou disponível para muitas discussões. - Version: 1.0
- Activations: 5
MyTrade Pro — Market Structure Reading
Version 1.00
What Is MyTrade Pro
MyTrade Pro is a structural analysis indicator for MetaTrader 5.
It was developed to assist the operator in reading the price structure, visually organizing the market's behavior and showing in which structural phase the price currently is.
It is not a signal machine. It does not say BUY or SELL.
Its function is to provide context.
The Philosophy
The correct reading is:
STRUCTURE → BIAS → SUPPORT/RESISTANCE → CONFIRMATION
The operator first learns to understand the structure and only then uses it as a reference for their decisions.
There is also a second path:
UNDEFINED STRUCTURE → WAIT
This second sequence is as important as the first.
What the Indicator Detects
Structural Pivots:
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HH — Higher High
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HL — Higher Low
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LH — Lower High
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LL — Lower Low
Support and Resistance:
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Last structural low = Support
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Last structural high = Resistance
Directional Bias:
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LL and HL → buy bias
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HH and LH → sell bias
Confirmation:
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The pivot is only confirmed after N candles (configurable via ForcaPivo )
Calculation Base:
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The indicator uses the candle body (open/close), not the wick (high/low)
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This is more conservative and avoids false pivots
What Appears on the Chart
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Pivots marked with ● HH , ● HL , ● LH , ● LL
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Support — blue horizontal line at the last low
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Resistance — orange horizontal line at the last high
Nothing else. No visual clutter, no BOS, no FLIP, no triggers, no arrows, no overlapping texts.
The goal is to answer quickly:
"What is the market structure showing me right now?"
The Information Panel
The side panel shows, in real time:
| Line | What It Shows |
|---|---|
| Last pivot | HH, HL, LH, or LL |
| Pivot price | Exact price where the pivot was formed |
| Structure | HIGH, LOW, or NO READING |
| Bias rules | LL→BUY, HL→BUY, LH→SELL, HH→SELL |
| Support | Price of the last low |
| Resistance | Price of the last high |
| Market | DIRECTIONAL UP, DIRECTIONAL DOWN, or SIDEWAYS |
| Last candles | Open/Close of the last 5 candles |
| Operational summary | Bias of the last pivot |
| Displacement | Distance from current price to the pivot |
| Audit | Counters by type (HH, HL, LH, LL) |
| Pivot date | Date/time of confirmation |
Statistical Audit
MyTrade Pro measures the structural hypothesis in real time:
For each cataloged pivot, it records:
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Type (HH, HL, LH, LL)
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Pivot date/time
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Pivot price
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Confirmation date/time
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Confirmation price
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Expected direction
And then measures price movement across 4 horizons:
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1 candle — immediate movement
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3 candles — short term
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5 candles — medium term
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10 candles — longer term
The result is classified as:
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FAVORABLE — price moved in the expected direction
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CONTRARY — price moved against the expected direction
It also measures:
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MFE — Maximum Favorable Excursion (best movement in favor)
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MAE — Maximum Adverse Excursion (worst movement against)
CSV Log
The indicator can generate a CSV file with all cataloged pivots, allowing:
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Analysis in Excel
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Custom filters
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Advanced statistics
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Comparison between assets
Main Features
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Automatic detection of HH, HL, LH, LL pivots
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Candle body based (open/close)
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Automatic support and resistance
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Directional bias by pivot type
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Responsive quick-reading panel
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Statistical audit by type
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MFE and MAE
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Optional CSV log
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Automatic period filter
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Configurable memory limit
Configurable Parameters
| Parameter | Description | Default |
|---|---|---|
| ForcaPivo | Number of candles to confirm pivot | 1 |
| MostrarPivos | Show pivots on chart | true |
| MostrarSuporte | Show support line | true |
| MostrarResistencia | Show resistance line | true |
| MostrarPainel | Show side panel | true |
| AtivarAuditoria | Enable statistical audit | true |
| MaxPivosAuditoria | Limit of pivots in memory | 200 |
| MaxPivosVisiveis | Limit of pivots on chart | 200 |
| BarrasHistoricoInicial | Bars processed | 200 |
What MyTrade Pro Is NOT
Important:
MyTrade Pro is not:
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A buy and sell signal system
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A profit guarantee
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A complete trading strategy
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A substitute for risk management
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A promise of accuracy
MyTrade Pro is:
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A structural reading tool
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A context aid
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A reference for decision
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An analysis instrument
Important Notice
MyTrade Pro does not guarantee profits.
This indicator is a technical analysis tool that organizes visual market information. It helps the trader read the structure and make decisions with more clarity, but it does not replace:
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The operator's judgment
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Risk management
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The trading plan
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Emotional discipline
All operational decisions are the user's responsibility.
MyTrade Pro offers context, not certainty.
Who It Is For
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Traders who operate with market structure reading
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Operators seeking visual clarity without clutter
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Students of price action and market structure
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Developers who want to audit the structural hypothesis
Who It Is NOT For
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Those looking for automatic buy and sell signals
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Those expecting guaranteed profit
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Those who do not want to study the market
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Those who do not accept taking risks
Support
For questions, suggestions, or technical support, please contact us through the product page.
Key Phrase
"Do not trade the candle. Read the structure."
MyTrade Pro
Structure first. Confirmation second. Discipline always.
The complete My Trade Pro structural reading manual is available on our blog:
https://www.mql5.com/en/blogs/post/776316
