Simba Market Picker
- Indicators
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Emmanuel Ndacyayisenga
Emmanuel Ndacyayisenga is a quantitative trader and Expert Advisor developer dedicated to transforming professional trading concepts into reliable automated solutions. With experience across Forex, Gold, Indices, and CFD markets, he specializes in developing trading systems that combine market - Version: 1.9
SIMBA MarketPicker is a MetaTrader 5 indicator designed for market scanning, comparison, and market selection.
It is provided free of charge and is intended to help traders organize multiple instruments in one view, compare their current technical conditions, and identify markets that may deserve further analysis.
iInstead of examining every symbol individually, MarketPicker provides a structured view of configured markets and applies the same analytical framework across them. This can help traders create a more organized starting point for their own chart analysis and trading decisions.
Market Analysis
MarketPicker evaluates several characteristics of each configured market, including:
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Trend alignment
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Momentum
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Timing conditions
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Multi-timeframe conditions
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Directional strength
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Trend strength
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Volatility
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Spread conditions
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Approximate risk/reward conditions
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Tradeability
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Relative strength
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Stability
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Freshness
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Market rotation
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Exhaustion
These factors are combined into configurable scores that allow markets to be compared and ranked.
The resulting information is designed to help answer a practical question:
Which configured markets currently deserve closer attention?
MarketPicker does not determine whether a trade will be profitable and does not guarantee that a selected market will move in the expected direction.
Market States
To make changing conditions easier to interpret, MarketPicker organizes markets into several states:
PRIME
The market currently satisfies the configured conditions for the PRIME state.
QUALIFIED
The market satisfies the configured requirements for the QUALIFIED state.
EMERGING
The market is developing, but stability or freshness conditions indicate that additional observation may be appropriate.
DECAYING
The market is showing conditions associated with weakening or increasing exhaustion.
WATCH
The market does not currently satisfy the stronger selection conditions but remains available for observation.
These states are classification tools. They are not trading signals, profit forecasts, or guarantees of future price movement.
Multi-Market Scanning
MarketPicker allows multiple instruments to be evaluated from one indicator.
The symbols can be configured according to the broker and trading environment. Depending on the available symbols, a trader may monitor instruments such as Gold, US30, US100, US500, GBPUSD, and other markets.
The purpose is not to predict which market will move next. Instead, MarketPicker continuously compares the configured instruments so the trader can focus attention where the current analytical conditions warrant further investigation.
Multi-Timeframe Analysis
MarketPicker uses a signal-timeframe and higher-timeframe structure to provide additional context.
The indicator evaluates the relationship between broader market conditions and the primary signal environment. This helps place individual market conditions within a wider technical context rather than relying on a single timeframe alone.
The default configuration uses M15 as the signal timeframe and H1 as the higher timeframe, while relevant parameters can be configured according to the indicator's available settings.
Market Score
Each configured market receives a score based on the analytical components used by MarketPicker.
The score is not a probability of profit.
It is a comparative analytical value designed to help organize the current conditions of different markets within the configured scanning universe.
A market with a higher score is not automatically a better trade. The score simply provides another way to compare the markets being monitored.
Tradeability
Technical conditions alone do not provide the complete picture.
A market may show attractive technical characteristics while having less suitable trading conditions. MarketPicker therefore considers factors such as spread, volatility, approximate risk/reward characteristics, and other market-quality measurements when calculating its tradeability assessment.
This helps separate:
“A market that looks interesting”
from
“A market that may deserve further trading analysis.”
The final trading decision remains with the trader.
Market Ranking
MarketPicker ranks the configured markets according to their current analytical scores and selection parameters.
The ranking can provide information such as:
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Market rank
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Symbol
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Direction
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Market score
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Tradeability
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Relative strength
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Exhaustion
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Market state
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Directional strength
This creates a continuously updated market-selection view instead of requiring the trader to manually compare every instrument one by one.
Primary Market Selection
MarketPicker can identify a primary market from the configured scanning universe according to its selection rules.
The primary-market concept is intended to organize attention, not to issue an instruction to open a position.
Market conditions can change rapidly. A market that is ranked highly at one moment can move lower as its score, freshness, stability, exhaustion, spread, or other conditions change.
For this reason, MarketPicker continuously reassesses the configured markets rather than treating a previous ranking as permanent.
Designed for Analysis
MarketPicker is intentionally focused on market intelligence and selection.
It does not place trades, modify positions, or close positions.
It does not calculate a guaranteed profitable entry, and it does not replace a trader's own assessment of price action, execution conditions, risk, or account requirements.
Its role is to help organize market information so that traders can spend less time manually comparing instruments and more time evaluating the markets that currently meet their analytical criteria.
How MarketPicker Fits Into the SIMBA Approach
MarketPicker represents the market-selection and market-intelligence layer of the broader SIMBA methodology.
Its job is to help identify and compare markets.
The full SIMBA trading system goes beyond market selection by combining market analysis with additional components such as setup validation, execution, position sizing, risk controls, trade management, and account-protection logic.
MarketPicker should therefore be viewed as a standalone analytical tool rather than as a replacement for the complete SIMBA trading system: check in Simba Bot Scanner
Important Information
MarketPicker is an analytical and market-selection indicator. It does not guarantee trading results, profits, or the accuracy of future market movements.
Trading involves substantial risk. Actual trading conditions can be affected by spreads, commissions, slippage, liquidity, volatility, broker execution, symbol specifications, market sessions, and user configuration.
Indicator calculations and classifications are based on available market data and configured parameters. Different brokers and symbols may produce different results.
Users should understand the indicator's settings and evaluate its behavior in the MetaTrader 5 Strategy Tester and on a demo account before considering use in live trading.
Past market behavior or historical testing does not guarantee future results.
MarketPicker helps organize the markets. The trader remains responsible for the analysis, risk management, and trading decision.
