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Strong Trends With Magic Entries MT5

5

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! The big amount of candles (3800) is also the reason why the indicator only works for time frames lower than D1. Most brokers don't provide 10+ years of historic candles.


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! The indicator calls itself (recursive calls) with different values for xxx, yyy and zzz to calculate the values of different time frames. Therefore xxx, yyy and zzz must not be configured manually.
  • yyy: is used for internal calculation. Must be 0. Don't touch/change this value! The indicator calls itself (recursive calls) with different values for xxx, yyy and zzz to calculate the values of different time frames. Therefore xxx, yyy and zzz must not be configured manually.
  • zzz: is used for internal calculation. Must be 0. Don't touch/change this value! The indicator calls itself (recursive calls) with different values for xxx, yyy and zzz to calculate the values of different time frames. Therefore xxx, yyy and zzz must not be configured manually.
Reviews 4
bandelero
429
bandelero 2021.12.01 10:36 
 

Have been using this indicator on MT4 for years now with very good result. As an intraday/week trader this indicator is crucial for my strategy. Changing to MT5 was a great experience. The indicator works exactly as the MT4 version and is equal well coded and stable. Mike and perfecttrendsystem.com is a professional and reliable resource for my business and I can only recommend them for all serious traders.

abhi163
217
abhi163 2021.07.11 07:53 
 

very good

Kkathykao
987
Kkathykao 2020.09.11 11:00 
 

I've bought a lot of indicators from Mike, and the only reason of course is because they are very useful and wonderful tools. Really save me a lot of time and I can approach trading from a different angle, increasing some confidence and making trading kind a bit of fun. Thanks for the great job, Mike.

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This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It detects 19 different harmonic price formations It plots primary, derived and complementary Fibonacci p
Gartley Hunter Multi
Siarhei Vashchylka
5 (7)
Gartley Hunter Multi - An indicator for searching for harmonic patterns simultaneously on dozens of trading instruments and on all possible timeframes. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Patterns: Gartley, Butterfly, Shark, Crab. Bat, Alternate Bat, Deep Crab, Cypher 2. Simultaneous search for patterns on dozens of trading instruments and on all possible timeframes 3. Search for patterns of all possible sizes. From the smallest to the largest 4. A
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This indicator is designed to detect high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Double top and bottom patterns are chart patterns that occur when the trading instrument moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). The patterns usually occur at the end of a trend and are used to signal trend reversals very early. What this indicator detects: This indicator detects a special form of Double Tops and Bottoms, so called Double To
SuperTrend Scanner
FXsolutions
4.43 (14)
This scanner shows the trend values of the well known indicator SuperTrend for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 You have many possibilities to use the scanner. Here are two examples: With this scanner you can trade a top-down approach easily. If two higher time
This indicator is designed to detect high probability reversal patterns: Double Tops/Bottoms with fake breakouts . This is the FREE version of the indicator: https://www.mql5.com/en/market/product/29957 The free version works only on EURUSD and GBPUSD! Double top and bottom patterns are chart patterns that occur when the trading instrument moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). The patterns usually occur at the end of a trend and are used to signal tren
FREE
This indicator is designed to detect the best divergences between price/MACD and price/RSI. MACD and RSI produce by far the best divergence signals therefore this indicator focus on those two divergences. This indicator scans for you up to 30 instruments and up to 8 timeframes for bullish and bearish divergences. You need to add the indicator only to one single chart ! The indicator will then automatically scan all configured instruments and timeframes. Important Information How you can maximi
This indicator scans for you up to 15 trading instruments and up to 21 time frames for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . What this indicator detects: This indicator detects a special form of Double Tops and Bottoms, so called Double Tops/Bottoms with fake breakouts . For double tops with fake breakouts the highest price of the right shoulder must be higher than the left shoulder. For double bottoms with fake breakouts the lowest pric
This indicator scans for you up to 30 trading instruments and up to 8 timeframes for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. You can get alerts via MetaTrader 4, email and push notifications at the moment when a sig
This scanner shows the trend values based on crossovers of two moving averages for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 You have many possibilities to use the scanner. Here are two examples: With this scanner you can trade a top-down approach easily. If two higher
This indicator is designed to detect high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Please read also the blog post " How To Yield Big Winners Consistently! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a top-down approach to get 15 - 20R winning trades on a regular basis . The provided video shows the maximum performance of the indicator. With maximum performance, I mean that this could have been the profit if you
SuperTrend Indicator
FXsolutions
4.58 (19)
This is an implementation of the well known SuperTrend Indicator. With this indicator you can see exactly the same values which will be alerted by the following SuperTrend Scanners: SuperTrend Scanner SuperTrend Scanner FREE Parameters SuperTrendATRPeriod: the period setting for the calculation of the SuperTrend SuperTrendMultiplier: the multiplier setting for the calculation of the SuperTrend
FREE
This indicator draws regular bullish and bearish divergences in real-time onto the charts. The algorithm to detect those divergences is based on my 10+ years experience of detecting divergences visually. The divergences are drawn as green and red rectangles on the charts. You can even do forward testing in the visual mode of the strategy tester. This FREE Version is restricted to EURUSD and GBPUSD. The full version without restrictions is here:  https://www.mql5.com/en/market/product/42758 Par
FREE
This indicator is designed to detect high probability reversal patterns: Double Tops/Bottoms with fake breakouts . This is the FREE version of the indicator: https://www.mql5.com/en/market/product/26371 The free version works only on EURUSD and GBPUSD! Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. The provided video
FREE
This indicator is designed to detect the best of all candlestick reversal patterns: Three Line Strike . According to the bestselling author and candlestick guru Thomas Bullkowski, this pattern has a winning percentage between 65% and 84% . This indicator scans for you up to 30 instruments (forex, indices or commodities) on up to 8 timeframes. You can get alerts via MetaTrader 4 and email if a Three Line Strike pattern occurs. Please note: Higher timeframes bring the most reliable signals. This i
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: A strong trend (=high probability of continuation) A deep pu
This indicator shows the latest untouched support and resistance as horizontal lines. The indicator can show support/resistance from higher timeframes. With this indicator you can e.g. easily see the support/resistance of the timeframes H4, D1 and W1 on a H1 chart, which can be a big advantage while time your entry on H1. This is the FREE version of the indicator: Support Resistance Multi Time Frame The free version works only on EURUSD and GBPUSD! Parameters referenceTF: the timeframe from wh
FREE
This indicator shows the latest untouched support and resistance as horizontal lines. The indicator can show support/resistance from higher timeframes. With this indicator you can e.g. easily see the support/resistance of the timeframes H4, D1 and W1 on a H1 chart, which can be a big advantage while time your entry on H1. This is the FULL version of the indicator: Support Resistance Multi Time Frame FREE Parameters referenceTF: the timeframe from which the support/resistance is calculated cand
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 This FREE Version of the indicator works only on EURUSD and GBPUSD. The full version of the indicator can be found here:
FREE
This indicator scans for you up to 30 trading instruments and up to 8 timeframes for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. This FREE Version of the Scanner scans only EURUSD and GBPUSD. The full version of the sca
FREE
This scanner shows the trend values of the well known indicator SuperTrend for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. This is the FREE version of the indicator: SuperTrend Scanner The free version works only on EURUSD and GBPUSD! Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 With the following FREE indicator you
FREE
This indicator scans for you up to 15 trading instruments and up to 21 time frames for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . What this indicator detects: This indicator detects a special form of Double Tops and Bottoms, so called Double Tops/Bottoms with fake breakouts . For double tops with fake breakouts the highest price of the right shoulder must be higher than the left shoulder. For double bottoms with fake breakouts the lowest pric
FREE
This indicator draws regular bullish and bearish divergences in real-time onto the charts. The algorithm to detect those divergences is based on my 10+ years experience of detecting divergences visually. The divergences are drawn as green and red rectangles on the charts. You can even do forward testing in the visual mode of the strategy tester. Parameters Fast EMA Period: The period of the fast EMA of the MACD. Default value is 12. Slow EMA Period: The period of the slow EMA of the MACD. Def
This indicator draws regular bullish and bearish divergences in real-time onto the charts. The algorithm to detect those divergences is based on my 10+ years experience of detecting divergences visually. The divergences are drawn as green and red rectangles on the charts. You can even do forward testing in the visual mode of the strategy tester. Parameters Fast EMA Period: The period of the fast EMA of the MACD. Default value is 12. Slow EMA Period: The period of the slow EMA of the MACD. Def
This indicator is designed to detect the best divergences between price/MACD and price/RSI. MACD and RSI produce by far the best divergence signals therefore this indicator focus on those two divergences. This is the FREE version of the indicator: https://www.mql5.com/en/market/product/28375 Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 The free version works only on EURUSD and GBPUSD! This indicator scans for you
FREE
This scanner shows the trend values of the well known indicator Parabolic SAR for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. This is the FREE version of the indicator: Advanced Parabolic SAR Scanner The free version works only on EURUSD and GBPUSD! Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 You have many possibil
FREE
This indicator is designed to detect the best of all candlestick reversal patterns: Three Line Strike . According to the bestselling author and candlestick guru Thomas Bullkowski, this pattern has a winning percentage between 65% and 84% . This FREE Version of the Scanner scans only EURUSD and GBPUSD. The full version of the scanner can be found here: Three Line Strike Scanner 30 Instruments This indicator scans for you up to 30 instruments (forex, indices or commodities) on up to 8 timeframes.
FREE
This indicator draws regular bullish and bearish divergences in real-time onto the charts. The algorithm to detect those divergences is based on my 10+ years experience of detecting divergences visually. The divergences are drawn as green and red rectangles on the charts. You can even do forward testing in the visual mode of the strategy tester. This FREE Version is restricted to EURUSD and GBPUSD. The full version without restrictions is here: https://www.mql5.com/en/market/product/42732 Para
FREE
Edge Zone EA FREE
FXsolutions
5 (2)
With this Expert Advisor you will follow the sound trading principle Buy Low and Sell High by default ! And you can do that even with a normal day job . You will be even able to trade on lower timeframes which you could never do without such an Expert Advisor. And the best thing is that you are in control! You can tell the Edge Zone EA where it has to enter and where it has to exit. And you can do that even many hours before the trade will occur . This EA is therefore an excellent assistant for
FREE
With the MACD Multi Time Frame indicator, you can spot divergences of higher timeframes while you are searching for pinpointed entries on lower timeframes. This FREE version of the indicator works only on EURUSD and GBPUSD. The full version of the indicator can be found here: MACD Multi Time Frame This blog post gives you REAL-TIME MACD Divergence Analysis for FREE and tips how to trade the divergences: REAL-TIME MACD Divergence Analysis The MACD Multi Time Frame gives you a very good overview o
FREE
This scanner shows the trend values based on crossovers of two moving averages for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. This is the FREE version of the indicator: https://www.mql5.com/en/market/product/29159 Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 You have many possibilities to use the scanner. Here are
FREE
With the MACD Multi Time Frame indicator you can spot divergences of higher timeframes while you are searching for pinpointed entries on lower timeframes. This blog post gives you real-time MACD Divergence Analysis for free and tips how to trade the divergences: Real-Time MACD Divergence Analysis The MACD Multi Time Frame gives you an very good overview of what is happening on higher timeframes without the need of switching to the higher timeframe. You will e.g. always see the MACD value of the
This scanner shows the trend values of the well known indicator Parabolic SAR for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 You have many possibilities to use the scanner. Here are two examples: With this scanner you can trade a top-down approach easily. If two higher t
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bethal
72
bethal 2022.05.18 10:24 
 

I have purchased the Strong Trends and Magic Entries for MT4 some time ago and found it so useful I purchased the MT5 version as well - I own many of Mikes indicators and have found them exceptional

FXsolutions
87694
Reply from developer Mike Semlitsch 2022.05.18 16:11
Thousand thanks bethal :)
bandelero
429
bandelero 2021.12.01 10:36 
 

Have been using this indicator on MT4 for years now with very good result. As an intraday/week trader this indicator is crucial for my strategy. Changing to MT5 was a great experience. The indicator works exactly as the MT4 version and is equal well coded and stable. Mike and perfecttrendsystem.com is a professional and reliable resource for my business and I can only recommend them for all serious traders.

FXsolutions
87694
Reply from developer Mike Semlitsch 2021.12.01 14:10
Thousand thanks bandelero :)
abhi163
217
abhi163 2021.07.11 07:53 
 

very good

Kkathykao
987
Kkathykao 2020.09.11 11:00 
 

I've bought a lot of indicators from Mike, and the only reason of course is because they are very useful and wonderful tools. Really save me a lot of time and I can approach trading from a different angle, increasing some confidence and making trading kind a bit of fun. Thanks for the great job, Mike.

Reply to review
Version 1.3 2021.12.08
Slightly improvement regarding calculation
Version 1.2 2021.11.21
Little bugfix regarding the ATR-band
Version 1.1 2021.11.15
Mt5 version is now equal to the the MT4 version regarding the stair like lines