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Strong Trends With Magic Entries

With this system you can spot high-probability trades in direction of strong trends. You can profit from stop hunt moves initiated by the smart money!


Important Information

How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718109

Please read also the blog about the usage of the indicator: Professional Trading With Strong Momentum.


With this system you have 3 reliable edges on your side:

  1. A strong trend (=high probability of continuation)
  2. A deep pullback (=the price should not be there within a strong trend! Is it a stop hunt?)
  3. A strong rejection of the pullback (=It was most probably only a stop hunt. Let's enter!)

The rules for a short trade are:

  1. The thick blue and thick orange lines are strong below the price (strong downward trend indicated, more about the strength later)
  2. At the same time there must be 2 thinner orange-red lines (they look like stairs) above the price (this confirms the price action within the trend)
  3. The price then have to jump above the 2 thinner orange-red lines (or at least between them) and then must be rejected below the two thinner lines again. This forms a peak (an inverted V). The peak should consist of maximum 4 candles.
  4. The entry signal is the move below the lower line of the 2 thinner orange-red lines.

The rules for a long trade are:

  1. The thick blue and thick orange lines are strong above the price (strong upward trend indicated)
  2. At the same time there must be 2 thinner green lines (they look like stairs) below the price (this confirms the price action within the trend)
  3. The price then have to jump below the 2 thinner green lines (or at least between them) and then must be rejected above the two thinner lines again. This forms a peak (a V). The peak should consist of maximum 3-4 candles.
  4. The entry signal is the move above the upper line of the 2 thinner green lines.

Additional Edges:

  • You will have an additional edge if you only trade the FIRST signal within a trend! The third screenshot shows what I mean with FIRST signal.
  • You will a further additional edge if you trade only the signal in direction of an edge of the bigger timeframe. Screenshots 4, 5, 6 and 7 show what

ATTENTION: You need 3800 candles on the chart for the orange line to be drawn!


Parameters

  • candlesCalculated: the number of candles for which the orange and blue lines are calculated. A lower value uses less computer ressources
  • distanceInnerLine: the distance between the lines which looks like stairs expressed in multiples of the ATR-indicator
  • showBand: True = Yes, False = No - if true, then the black band is shown. The band is normally not needed. During backtesting it can be usefull.
  • xxx: is used for internal calculation. Must be 0. Don't touch/change this value!
  • yyy: is used for internal calculation. Must be 0. Don't touch/change this value!
  • zzz: is used for internal calculation. Must be 0. Don't touch/change this value!
dimitror
465
dimitror 2018.11.01 03:49 
 

All of Mike's indicators are top-notch, but this one is definitely my favorite. It's worth every penny. I use it with my scalping strategy and for about  2 weeks I almost doubled my account. My success rate with it is about 93%. Mike is also always available to answer questions and provide assistance. I am very happy with my experience and would recommend his indicators to everyone who wants to succeed.

mrvg
233
mrvg 2018.08.29 22:19 
 

Excellent tool, very, very accurate if you use it as Mike suggests. You can also incorporate it easily under your criteria and own style because it shows you a lot of useful information and adapts to any style, you will find a lot of added value especially if you take the time to read and understand Mike's vision of the market.

Domenico Di
69
Domenico Di 2018.06.01 17:58 
 

excellent indicator !!!

ardy069
40
ardy069 2018.05.24 18:32 
 

Very good indicator

pochiponuki
159
pochiponuki 2018.05.19 12:05 
 

Very nice indicator.

5 stars! !

DrGalak
94
DrGalak 2018.05.09 11:26 
 

excellent tools. makes me to get better decision. and quite easier to find good entry point and target profit. in perfect combo with my trading style. love it

cybeh
104
cybeh 2018.04.04 09:34 
 

So far am quite happy with this Strong Trends with Magic Entries indicator, helps filtering out not so high winning probability setups. A rather useful tools for alerting high probability setups in line with the momentum of prevailing trend.

sergmir2007
337
sergmir2007 2018.02.09 05:34 
 

мне понравилоь